It is widely accepted that to ensure staff behave ethically and comply with the law and good corporate governance principles, the board needs to lead by example by living and breathing that culture. A business with such a team approach is not only more likely to adhere to the required legislation, so avoiding any supervisory action, but also reduce costs and increase client satisfaction.
But how do you know how compliance mature your firm is? One way is to undertake a Compliance Effectiveness Assessment which looks at how people, processes and technology help or hinder the firm in its aim.
If you wish to have assistance in reviewing how compliance mature your firm is, then please feel free to contact me for a no obligation discussion.
