What is Compliance Management?

Compliance Management Definition

Compliance management is the process by which an organization plans, controls, and monitors whether or not a product complies with the applicable laws and regulations or a company’s self-imposed policy and standards. Compliance requirements often vary by industry and location. Some compliance requirements are environmental (e.g., RoHS and WEEE) while others are specific to a particular type of product such as medical devices (e.g., 21 CFR Part 11 and 21 CFR Part 820).

What is Compliance Management

FAQs

Why is compliance important?

Compliance ensures that organizations conduct business within a legal or regulatory framework and operate in a safe manner. It also ensures that employee and/or customer issues are monitored and addressed in a systematic and efficient manner.

*Source: eimf.eu

What does compliance management include?

A compliance management system should be overseen by an organization’s board of directors and senior management team and include a formal compliance program. The compliance program should include the following elements:

  • Documented policies and procedures
  • Employee training
  • Monitoring and/or audits
  • System for responding to customer complaints

*Source: compliancecohort.com

How do you develop a compliance management system?

To develop an effective compliance management system:

  • Ensure that it aligns with your company’s current goals and objectives
  • Consider the requirements of your organization’s key stakeholders
  • Define the scope of the compliance program, including roles and responsibilities
  • Develop written policies and procedures to successfully sustain the program
  • Identify laws and regulatory standards that apply to your business and develop a plan for meeting compliance
  • Develop a system for managing non-compliance and continuous improvement

*Source: ipro.net

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