Regulation’s role in promoting good culture is not to make rules around it, that was the main thrust of Andrew Bailey’s speech at the Investment Association Culture Conference.   https://www.fca.org.uk/news/speeches/role-regulation-encouraging-good-culture Andrew Bailey suggests Prescriptive rules can often undermine the original intentions as it’s impossible for a rule-book to predict every situation or eventuality. As a […]

Andrew Bailey (Chief Executive – FCA) has given a speech on culture in financial institutions at the Hong Kong Monetary Authority conference for independent non-executive directors. Mr Bailey set out his view of the respective roles of firms’ governing bodies and management and public authorities and used two case studies – concerning remuneration and governance […]

Last year Merriam Webster’s dictionary stated that ”culture” was the most popular word of the year, due to it becoming one of the most important words in corporate board rooms, and for good reason. We have a retention crisis. New Deloitte research shows that culture, engagement, and employee retention are now the top talent challenges facing business leaders. More than […]

No matter how strong a company’s compliance program, there is always a risk.  No matter how many times employees are trained, complete certifications and are reminded of their FCPA compliance obligations, there is always a risk.  All you have to do is look at the facts of the Morgan Stanley case which is usually cited […]