What is compliance management concerned with?

Compliance management is fundamentally concerned with ensuring that an organization adheres to relevant legal, regulatory, and operational requirements. This includes understanding and implementing the necessary frameworks set by various authorities, industry standards, and internal policies. Organizations must comply with laws like data protection regulations (such as GDPR or HIPAA) and industry standards to mitigate risks, avoid penalties, and maintain their reputations.

The focus of compliance management encompasses a broad range of areas beyond just legal obligations; it includes operational compliance, which pertains to following established protocols and procedures that ensure safe and effective operations. By aligning business practices with compliance requirements, organizations reduce risks and build trust with stakeholders, which ultimately supports their overall business objectives.

In contrast, creating new regulations is a function of governing bodies and regulatory agencies, not compliance management within an organization. Similarly, focusing exclusively on technology compliance neglects the broader scope of operational and legal requirements, while evaluating marketing strategies falls outside the realm of compliance management entirely. Thus, the correct answer accurately reflects the comprehensive role of compliance management in maintaining adherence to necessary standards and regulations.