Legally astute management teams practicing strategic compliance management
A) view the cost of complying with government regulation as an investment,not an expense.
B) view the cost of complying with government regulation as an expense that should be avoided until legal action is threatened.
C) do only the minimum necessary to comply with any applicable law.
D) view the cost of complying with government regulation as an expense that should be avoided until legal action is threatened,while only engaging in the minimum efforts necessary to comply with any applicable law.

Question

Quizplus · Accepted Answer

Legally astute management teams understand that compliance with government regulations is not just a legal requirement, but also an opportunity to enhance their organizational reputation, mitigate risks, and improve business operations. Therefore, they approach compliance as an investment in their business, rather than an expense to be minimized. They are proactive in identifying and addressing regulatory requirements and take a long-term view of compliance, which helps them avoid costly legal action and maintain their license to operate.

Legally Astute Management Teams Practicing Strategic Compliance Management