Management System Standards' Growing Role In Compliance
Law360, New York (January 28, 2016, 4:21 PM EST) -- Compliance programs aimed at preventing and detecting noncompliance are an essential component of most companies' risk management programs. If noncompliance does occur, the effectiveness of compliance programs will typically be taken into account by the government in determining the nature and extent of any enforcement that may be taken.
At the same time, voluntary consensus standards have become part of the legal landscape. Though developed in a nonregulatory multistakeholder context, standards are used by governmental authorities around the world. In the U.S., the National Technology Transfer Act of 1995 directs federal agencies to use applicable standards in regulations (or demonstrate why...
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