Learn in the textbookCorporate Ethics and Codes of Organizational Conduct
DefinitionCompliance (コンプライアンス) means acting fairly by obeying laws and regulations first and foremost, while also following the rules an organization or industry has set for itself, social norms and corporate ethics.
ExplanationJapanese often renders it as 法令遵守 (literally, observing laws and regulations), but today simply obeying what statutes say is not considered enough. When a violation comes to light, the company faces not only penalties but also a loss of trust and customers.
AnalogyIt is like an athlete who not only follows the rules of the game but also values the spirit of fair play that no rulebook spells out. Even without breaking a rule, playing dirty costs the trust of the crowd.
Memory hookThe Japanese term is simply the English word, the noun form of comply (to go along with a demand or rule).