Shorten this script to give an overview of the elements: The first element is the creation of written policies, procedures, and standards of conduct, serving as a guide for employees' behavior and practices. The second element is the appointment of a compliance officer and committee to oversee adherence to these guidelines. The third element is regular, comprehensive, and updated training about the compliance program. The fourth element is the establishment of a safe communication system for reporting compliance issues. The fifth element is regular internal monitoring and auditing to assess compliance and identify areas for improvement. The sixth element is enforcing these policies and procedures. The final component entails prompt reaction to violations and remedial actions, meaning the organization must quickly correct and avoid repeating compliance problems. In essence, these seven elements provide a framework for creating and maintaining an effective compliance program, ensuring ethical conduct and compliance with all relevant laws and regulations