What are the consequences of non-compliance for businesses?
Non-compliance can lead to legal penalties, financial losses, and damage to reputation.
Can you give me some examples of these penalties?
Sure! Examples include fines, sanctions, and even criminal charges against executives.
How does non-compliance affect employee morale?
It can significantly lower morale, as employees may feel insecure about their jobs and the company's future.
What steps can businesses take to ensure compliance?
Businesses can implement regular training, audits, and establish a compliance culture to mitigate risks.
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