Stock illustration: Compliance checklist. Credit: Tierney/Adobe Stock

I see it all the time. A business—whether early-stage or more established—makes a legal misstep or a series of missteps, perhaps related to its product or perhaps as a result of claims or communications with customers. Then it has to call in legal experts to deal with the regulatory ramifications and other fallout. In such situations, corporate leaders wish they'd had a better up-front understanding of the regulatory environment. They learn the nuances eventually, but at a steep cost.

This common scenario highlights the importance of creating a compliance culture in your organization, especially if you operate in a highly regulated environment.

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