Final answer:
According to the ERM model, compliance objectives help the company address all applicable laws and regulations, ensuring legal compliance and industry standards.
Step-by-step explanation:
According to the ERM model, compliance objectives help the company address all applicable laws and regulations. These objectives are designed to ensure that the company is in compliance with legal requirements and industry standards. They focus on the company's adherence to laws and regulations, including policies, procedures, and protocols.
For example, compliance objectives may include regular audits and assessments to identify and address potential compliance issues, training programs to educate employees about compliance requirements, and the establishment of effective internal controls to monitor and enforce compliance.
Operational objectives, on the other hand, relate to the efficient and effective execution of day-to-day activities, reporting objectives emphasize accurate and timely financial reporting, while strategic objectives focus on long-term goals and objectives.