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2. All of the following are responsible for compliance with all laws, rules, regulations, and policies:

A. Employees
B. Board of Directors
C. Chief Compliance Officer
D. All of the Above


Sagot :

Final answer:

Employees, Board of Directors, and Chief Compliance Officer are responsible for ensuring compliance with laws and regulations, balancing legal requirements with ethical values.


Explanation:

All of the above (Employees, Board of Directors, Chief Compliance Officer) are responsible for compliance with all laws, rules, regulations, and policies within a company. Compliance with company policies involves training new hires and ongoing training for existing employees to ensure adherence to the relevant laws and regulations.

Compliance departments in large businesses, comprised of legal teams, focus on ensuring the company stays in conformity with applicable laws and regulations. Corporate culture must balance commitment to legal compliance and ethical values to avoid potential legal or ethical risks.

Corporate governance structures, including the board of directors, play a crucial role in overseeing compliance efforts within a company to maintain transparency and accountability.


Learn more about Compliance within businesses here:

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