The word “compliance” makes many employees cringe. The term conjures up images of onerous and seemingly superfluous internal rules and regulations. But companies don’t implement compliance requirements for no reason.
Developing those requirements is often time-consuming and expensive. Profit-focused private enterprises aren’t going to last long against their competition if they squander those resources for no reason.
To highlight that point, in this post, we’ll look at some examples of disastrous compliance violations and their costly consequences.
