What should organizations do when there is a change in legislation?

When there is a change in legislation, organizations should update their products and services to ensure compliance with the new laws. This action demonstrates a proactive approach to legal and regulatory responsibilities, minimizing the risk of penalties or legal issues that could arise from non-compliance.

Updating products and services may involve modifying existing offerings, implementing new procedures, or even changing business practices to align with the revised legal requirements. Focusing on compliance not only protects the organization but can also enhance its reputation as a responsible entity committed to upholding laws and regulations.

On the other hand, ignoring changes to legislation can lead to significant repercussions, including fines and operational disruptions. While cutting down expenditures or shifting focus to marketing strategies might seem like beneficial moves in isolation, they do not address the fundamental necessity of legal compliance, which is critical for sustainable business operations.