1. The document outlines an approach to compliance management that includes establishing standards and guidance, managing assets and their certification, conducting audits, and reporting. 2. Key elements of the compliance approach include developing a comprehensive suite of performance standards and guidance documents, maintaining an asset database to track certification and maintenance, conducting risk-based audits that range from deep to standard depending on the asset, and reporting results to management and boards. 3. A scoring system is presented to determine audit levels for different assets based on their severity, likelihood, and complexity, with higher risk assets receiving deeper audits.