Risk and compliance refer to the systematic practices and policies that organizations implement to ensure they operate within legal and regulatory boundaries while minimizing potential harm. Risk management involves identifying, assessing, and mitigating potential threats to an organization’s goals and assets, such as financial risks, cybersecurity threats, or market fluctuations. Compliance, on the other hand, focuses on adhering to laws and regulations relevant to the business’s industry, which may involve reporting requirements, quality standards, or data protection. Together, risk and compliance measures help maintain an ethical, safe, and legally sound operational environment, safeguarding both the organization and its stakeholders.