Compliance refers to the act of conforming with laws, regulations, and standards applicable to a particular industry or activity. It is necessary to ensure that a company or organization is operating lawfully and ethically, protecting its reputation, and avoiding legal and financial penalties. Compliance can cover a wide range of areas, including data protection, anti-bribery and corruption, financial reporting, and health and safety. A robust compliance program should be in place to manage regulatory risk and ensure that all employees are aware of their responsibilities.