In the fluctuating landscape of the corporate world, managing culture risk has moved to the forefront. Consistent with the theme, a five-part blog series on forming a robust compliance culture, sponsored by Diligent, has been introduced. Key participants in this series include Yvette Hollingsworth-Clark, Viktor Cuijak, Jessica Czeczuga; Michael Parker; and Alexander Cotoia.
In association with Tom Fox, a well-known Compliance Evangelist, they aim to unpack the complexity of culture – what it is, and how it can be evaluated. Following this diagnosis, their discussion configures a strategy to handle culture, outlining a blueprint for managing culture risk.
The series extends the conversation beyond crafting the strategy, discussing its application, and the monitoring of the outcome. Finally, it ends on an engaging note by using the accumulated information from monitoring to stimulate enhanced compliance practices.
The focus of such endeavours is to enable companies gauge, adapt and refine their culture, and develop resilient compliance mechanisms. Integrating these aspects are seen imperative for reducing culture risk.
For firms looking to deepen their understanding of culture risk and improve their practices, this series serves as an invaluable resource.