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Compliance for Legal License

In: CONVENIENCE ORIENTATION IN CORPORATE CRIME Corrective Recovery Responses for Compliance and Conformance

Author

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  • PETTER GOTTSCHALK

Abstract

Compliance refers to meeting legal and other formal obligations (Teichmann and Wittmann, 2022). Compliance refers to obeying the formal rules and regulations in force at a given time and place, where “compliance relates to formal mandatory regulations that typically enact only minimal conditions of institutional acceptability” (Durand et al., 2019: 300). Compliance is alignment to avoid violations of legally binding statutes, and it is typically pursued by formal controls (Andreisova, 2016; Antonsen and Madsen, 2021; Ballesteros et al., 2021; Desai, 2016; Fotaki et al., 2020; Majluf and Navarrete, 2011; Panda and Sangle, 2019; Rooij and Fine, 2020; Thottoli, 2021)…

Suggested Citation

  • Petter Gottschalk, 2025. "Compliance for Legal License," World Scientific Book Chapters, in: CONVENIENCE ORIENTATION IN CORPORATE CRIME Corrective Recovery Responses for Compliance and Conformance, chapter 4, pages 79-92, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819805518_0004
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    More about this item

    Keywords

    Corporate Compliance; Corporate Conformance; Convenience Theory; Corporate Scandal; Crisis Management; Destructive Leadership; Recovery Strategy; Recovery Triggers;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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