To consider the extent to which you comply and also realise the benefits that you create by this compliance.
Legal and regulatory standards represent the 'shared' Values with which we all must abide.
It is important to make sure that we call comply with these as 'minimum' standards, as this provides a secure foundation for further benefit creation. Compliance efforts should also be focused on the Values on which your operations are likely to have the most significant impact.
The extent to which we ensure that we and our suppliers comply with legal and regulatory provisions. Further as the Value generated by legal and regulatory compliance is often not realised by organisations (that is, in terms of the benefits that it creates for the organisation, its employees, customers, suppliers, any people the organisation represents and wider society). By this we mean, does your organisation promote its compliance and the benefits this brings, so that this is clearly understood by its Stakeholders?