Open Access
Journal Article
Business Law and Regulatory Compliance
by
Daniel Harris
IRBM 2019 1(1):2; 10.69610/j.irbm.20190930 - 30 September 2019
Abstract
This paper explores the intricate relationship between business law and regulatory compliance, emphasizing the importance of adhering to legal frameworks in the conduct of business activities. The analysis begins by defining key terms such as business law, regulatory compliance, and their implications for corporate governance. The paper then delves into the various aspects of b
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This paper explores the intricate relationship between business law and regulatory compliance, emphasizing the importance of adhering to legal frameworks in the conduct of business activities. The analysis begins by defining key terms such as business law, regulatory compliance, and their implications for corporate governance. The paper then delves into the various aspects of business law, including contract law, corporate law, and intellectual property law, and their relevance to compliance with regulatory requirements. The challenges faced by companies in navigating the complex regulatory landscape are discussed, highlighting the role of legal departments, compliance officers, and external consultants in ensuring adherence to laws and regulations. The paper further examines the impact of non-compliance on businesses, including financial penalties, reputational damage, and legal sanctions. It concludes by proposing strategies for effective regulatory compliance that align with ethical business practices and the overall legal environment.