Companies set-up their businesses with the prime essence of making profits.
However, they must come up with contingency measure in case of their company,
organisations or businesses being at risk.This is also referred to as risk assessment.
Compliance is defined as a condition of acting accordingly within set strategies,
specifications, or guidelines or the progression of becoming so. In business for instance, softwares may be developed in accordance to certain stipulations formed by some principles of a body, such as the Institute of Electrical and Electronics Engineers (IEEE), and may be disseminated in conformity with the vendor’s licensing accord.
Companies cannot afford not to pay attention to the commercial, reputational and individual dangers and hazards linked to their commercial activities, wherever in the globe they function.
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