Compliance: ensuring regulatory conformity

Compliance in the startup context refers to adherence to all relevant legal and regulatory requirements that apply to the company's business model, industry and geographic markets. This important corporate function protects startups from legal risks, penalties and reputational damage by ensuring that all business activities comply with applicable laws, regulations and internal policies. Implementing effective compliance strategies is critical to the sustainable growth and long-term success of a startup as it builds trust with customers, investors and regulators.