It is vital that you keep up to date with any new regulations which take effect in your field of business, whether the focus is environmental, financial, or health and safety orientated. The consequences could be anything from a large scale environmental catastrophe all the way through to your organization being responsible for an onsite injury or death. However, even if the regulations in your industry are financial you’re by no means let off the hook as the consequences will be just as significant to those affected. Therefore, you need to make sure that you’re up to speed with the industry relevant regulations, and understand that it’s ultimately your responsibility to follow them if you want to avoid the consequences.
