(Photo: Bloomberg BNA)
Many of us begin a new year thinking about possible resolutions. A great new year’s resolution for all organizations — regardless of size, industry or location — is to ensure that your organization embraces a culture of compliance.
Unfortunately every day we read about yet another high profile organization involved in a compliance related issue that subjects it to potential liability and erodes trust. Regulators all over the world are increasingly focused on compliance matters. Making sure that your organization and employees comply with applicable law and act with a high degree of integrity is more important than ever before. Here’s some practical steps that your organization can take to establish a compliance mindset:
Set the Tone at the Top
It’s critical for your organization’s leaders to always model and evangelize compliance. All leaders should look for every opportunity — team meetings, 1:1 meetings, emails, career discussions, etc… — to reinforce the importance of compliance to their employees as part of the rhythm of their communications. Your leadership team’s ability or inability to demonstrate ethical conduct and compliance will trickle down to the rest of the organization.
The original article can be found at bol.bna.com