In a complex global business environment with increased scrutiny around governance issues and stringent regulatory demands, recruitment of world-class general counsel and senior in-house lawyers is critical.
Taking steps to meet your legal obligations might seem like a management no-brainer, but only fulfilling your minimum requirements might result in missed opportunities. Understanding the reasons for the various rules, laws and regulations that govern your business will help you take advantage of any benefits they offer.
When it comes to a business and corporate management, compliance refers to the company obeying all of the legal laws and regulations in regards to how they manage the business, their staff, and their treatment towards their consumers. The concept of compliance is to make sure that corporations act responsibly.
In its business sense, “compliance” refers to a company meeting its legal obligations, often to protect the health, safety and welfare of others. Simple examples of compliance include obtaining a business license in your town and paying your taxes. Compliance issues become more complex as your business grows. You will have expanded responsibilities regarding your workers, covering hiring, firing, discrimination, harassment, safety, wages, payroll and benefits. The way you make and sell your product and service might fall under the auspices of a government agency, such as a restaurant needing to meet health department guidelines.
The legal function of many organizations continues to evolve as companies reduce their reliance on outside firms and bring more legal capabilities in-house, particularly in growth markets. We at Mascon Global offer you various solutions to bldg your organization on to a 360degree canvas.