Why compliance is dead – except to avoid going to prison. Future regulations, taxes, taxation, standards and public expectations, corporate and social responsibility (CSR) and impact on business leaders, management decisions and profit
November 29, 2011
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Posted by admin
www.globalchange.com Compliance will keep you out of prison but will not protect your job or brand — because every regulation is based on things which happened in the past. Every new scandal creates demand for new regulation and public emotion changes. You will be judged not by whether you complied with what was legal at the time, but by whether it feels “right” in future. Many examples from banking, financial services, legal advisory services, compliance departments. Environmental standards, single issues, activism, campaigns, media, illegal action, unethical behaviour, business ethics and public policy. Business management. Court cases and government action. Health and safety, water supplies and pollution, air quality and so on. Comment by Dr Patrick Dixon, futurist, leading authority on global trends and conference speaker.
Categories: Uncategorized
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Tags: avoid, Business, compliance, Corporate, dead, decisions, except, expectations, future, going, impact., leaders, Management, prison., profit, public, regulations, responsibility, Social, standards, taxation, taxes
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keep me warm baby *rockmycity.info*
Indeed an excellent and interesting comment on Compliance and very useful to set principles again after the financial crisis, thank you again
Bachir El Nakib
Compliance Alerty
Very interesting. I work as a global compliance officer for a large multi-national. Traditionally we have struggled to comply let alone exceed new standards. Also the emerging markets are looking to the US model of globalised compliance. Certainly awareness is growing that difficult compliance is like having a loaded gun you can use at any time you need some leverage.
Hi Patrick
Thanks for producing good quality videos:)
I first came across your videos while working on a paper about Corporate Governance and have since been subscribing to your videos. Your videos are superior in terms of content quality.
Marvellous!
Thanks for this interesting comment on compliance in business with taxation, environment and other regulations. It is a huge area – was talking to 700 heads of compliance of some of the world’s largest multinations on this issue earlier this week. Glad you are enjoying the videos. Please remember to rate and comment on them since that is the best way to help others find what you think is useful. Patrick Dixon