https://alp.consulting/statutory-compliance-management/

Statutory Compliance Management refers to the process of ensuring that an organization adheres to the various laws, regulations, and standards set by the government or relevant authorities. These laws and regulations cover a wide range of areas, including labor, taxation, environment, health and safety, and more, depending on the industry and location of the business.

The purpose of statutory compliance management is to help organizations operate within the legal framework, avoid legal risks, and uphold ethical business practices. Non-compliance with statutory requirements can result in legal penalties, fines, reputational damage, and other adverse consequences for a company.