Corporate Compliance Plan A corporate compliance plan is one of the most important documents that guide the organization to achieve the mission, vision, and value statements. The plan uses organizational strategic management practices to provide policies, procedures, and protocols that can help address events and issues in the company. In healthcare facilities, compliance, and risk management plan help identify, assess, and reduce the potential to patients, visitors, staff, and the assets in the institution. In most cases, a risk management plan is used in a pro-active manner in the identification and management of risks, but if the incident happens, one can manage it as per risk management principles. It is essential to understand the steps for developing a compliance and