Legally astute management teams practicing strategic compliance management:
a. view the cost of complying with government regulation is viewed as an investment, not an expense.
b. view the cost of complying with government regulation is viewed as an expense which should be avoided until legal action is threatened.
c. do only the minimum necessary to comply with any applicable law should be done.
d. view the cost of complying with government regulation as an expense which should be avoided until legal action is threatened, while only engaging in the minimum efforts necessary to comply with any applicable law.
a
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