Usually means: Maintaining compliance with established standards.
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We found 5 dictionaries that define the word good standing:

General (3 matching dictionaries)
  1. good-standing: Wordnik
  2. good standing: Wiktionary
  3. Good standing: Wikipedia, the Free Encyclopedia

Business (2 matching dictionaries)
  1. good standing: Legal dictionary
  2. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (good standing)

noun:  The status of a member of a profession who is not suspended or disbarred, and is registered with a proper authority and has paid any registration fees.
noun:  (by extension) The status of a person who is known to be of good character and to be trustworthy.

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