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The Promises and Perils of Compliance - Organizational factors in the success (or failure) of compliance programs (Paperback)
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The Promises and Perils of Compliance - Organizational factors in the success (or failure) of compliance programs (Paperback)
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In today's era of increased regulation and renewed enforcement
efforts, unethical behavior and misconduct are a focus of concern
among not only governments and regulators, but also investors,
firms, employees, customers, and the public. Accordingly,
compliance programs have gained prominence in the organizational
agenda. A properly designed and implemented compliance program
provides crucial assurance for all stakeholders that an
organization's personnel abide by all applicable regulations,
internal ethical principles, codes of conduct, and other
guidelines. Based on empirical experience and illustrative cases,
The Promises and Perils of Compliance seeks to discuss compliance
not as just another management tool, but rather as a collection of
rules, norms and controls embedded into an organization's culture
and environment that must be understood when designing a compliance
program. The authors propose that organizations must be transparent
at all stages of the design and implementation of the compliance
program and be prepared to interpret, adapt, change, and redefine
the program in action. It is also important for organizations to
set a realistic agenda for the program so that gains can be seen
and celebrated by all stakeholders. This book offers a pathway to
understanding the organizational dynamics any compliance effort
needs to consider. It will benefit business students as well as
managers, compliance officers, and CEOs and executives at every
level.
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