What are compliance expectations typically based on?

Compliance expectations are primarily grounded in organizational policies and ethical standards. This concept encompasses the internal framework that a company sets regarding its operations, decision-making processes, and employee conduct. These policies are usually shaped by legal regulations, ethical considerations, values promoted by the organization, and the specific risks associated with its industry.

When an organization develops its compliance program, it reflects its commitment to upholding ethical behavior and ensuring that employees understand the standards expected of them. Organizational policies articulate guidelines and rules that align with both external regulations and the culture of integrity the organization aims to foster.

Ethical standards further reinforce these compliance expectations by providing a moral foundation that guides decision-making. They help in creating a work environment where ethical behavior is prioritized, thereby minimizing the risk of non-compliance and promoting a culture of accountability.

While employee preferences, national regulations, and market trends may influence compliance approaches, they are not the primary basis for establishing compliance expectations. Instead, those expectations are firmly rooted in an organization's own policies and ethical standards.