compliance-standards

Vocabulary Word

Definition

'Compliance standards' is a set of rules or guidelines that an organization must follow. This might be laws from the government, or standards set by professional groups.

Examples in Different Contexts

In data protection, 'compliance standards' such as GDPR set forth requirements for handling personal data. A data protection officer might note, 'Compliance with GDPR and other standards is critical for safeguarding personal information and maintaining trust with our customers.'

Practice Scenarios

Business

Scenario:

The new banking regulations are rolling out next month. It's crucial to have a plan to ensure our alignment with these rules.

Response:

That's right. Let's set up an internal review to make sure we meet the new compliance standards.

Creative

Scenario:

Our new marketing campaign is headed in a bold direction. It's critical to balance creativity with the advertising guidelines.

Response:

Absolutely, let's collaborate with the legal team to ensure our campaign fits the compliance standards.