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In a compelling open letter, Carol Beaumier and Bernadine Reese address a pivotal concern in the financial sector — the critical need for unwavering support from CEOs and board members for the compliance function. They underscore that while many leaders claim to prioritise a culture of compliance, there's often a disconnect between their words and actions. This inconsistency can inadvertently undermine the very foundations of an institution's integrity and regulatory standing. The letter is not an indictment but rather a call to action, urging those at the helm of financial institutions to consistently champion compliance, recognising its indispensable role in safeguarding the industry's future. As we navigate an era where trust in financial services is paramount, this message serves as a timely reminder: leadership must wholeheartedly embody the "tone at the top" they advocate for. Only then can a true culture of compliance flourish. Read more: https://lnkd.in/gtUx2Wad #Compliance #FinancialServices #CultureOfCompliance
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In a compelling open letter, Carol Beaumier and Bernadine Reese address a pivotal concern in the financial sector — the critical need for unwavering support from CEOs and board members for the compliance function. They underscore that while many leaders claim to prioritise a culture of compliance, there's often a disconnect between their words and actions. This inconsistency can inadvertently undermine the very foundations of an institution's integrity and regulatory standing. The letter is not an indictment but rather a call to action, urging those at the helm of financial institutions to consistently champion compliance, recognising its indispensable role in safeguarding the industry's future. As we navigate an era where trust in financial services is paramount, this message serves as a timely reminder: leadership must wholeheartedly embody the "tone at the top" they advocate for. Only then can a true culture of compliance flourish. Read more: https://lnkd.in/gtUx2Wad #Compliance #FinancialServices #CultureOfCompliance
An Open Letter to CEOs and Board Members: In Support of the Compliance Function
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In a compelling open letter, Carol Beaumier and Bernadine Reese address a pivotal concern in the financial sector — the critical need for unwavering support from CEOs and board members for the compliance function. They underscore that while many leaders claim to prioritise a culture of compliance, there's often a disconnect between their words and actions. This inconsistency can inadvertently undermine the very foundations of an institution's integrity and regulatory standing. The letter is not an indictment but rather a call to action, urging those at the helm of financial institutions to consistently champion compliance, recognising its indispensable role in safeguarding the industry's future. As we navigate an era where trust in financial services is paramount, this message serves as a timely reminder: leadership must wholeheartedly embody the "tone at the top" they advocate for. Only then can a true culture of compliance flourish. Read more: https://lnkd.in/gtUx2Wad #Compliance #FinancialServices #CultureOfCompliance
An Open Letter to CEOs and Board Members: In Support of the Compliance Function
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Under increasing pressure and changing expectations, the role of the #CFO is being rewritten. CFOs face one of the most complex and challenging operating environments in recent years. Nonetheless, it's an exciting time to be a finance leader, but it demands different #Leadership skills than previously. Read why in a new report from EY: https://ey.ft.com/ #ThoughtLeadership #B2Bcontent #B2Bmarketing
Decoding the DNA of the CFO
ey.ft.com
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I always initiate my training sessions by setting norms, and one crucial norm among these is the utilization of 'I statements.' The use of 'I statements' effectively redirects the focus from blame and generalization to personal perspectives, promoting a collaborative approach. #employeedevelopment #assertivecommunication #traininganddevelopment #reflection #norms #personalresponsibility
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Did you know? Good corporate governance isn't just about rules – it's about building a foundation of ethics that paves the way for financial success. Embrace ethical practices for a brighter business future! #FinancialservicesAcademy#CorporateGovernance #EthicalBusiness #FinancialViability"
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Hummingbird worked with a third-party market insights provider to create The 2023 State of Financial Compliance report. A survey of over 200 compliance leaders from around the world, it’s full of tactical insights on program efficiency, tech stack management, and (of course!) how to successfully manage automation and AI. Get your copy today! https://bit.ly/3QuZVns #FinCrime #Compliance #RegTech
Download now | The State of Financial Compliance
info.hummingbird.co
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What's one of the most common questions attendees are asking at this year's Modern Governance Summit? We stopped by the Compliance & Ethics booth in the Innovation Hall and asked Diligent Director of Product Marketing, Christopher Allen that question. His answer? "What are the new innovations in the Compliance portfolio?" His response? Watch for more. 🗣️ #MGS2023 #ModernGovernance #ModernGovernanceSummit
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4️⃣ Good business is good for business. Our 4th principle from our ‘Money is on Everyone’s Mind’ bulletin reveals that consumers are willing to buy more - and more often - with brands that show they are doing some good in the world. 🛍️ Data reveals an appetite and a mandate for businesses & brands to demonstrate their ‘good’ credentials. A lot is written about the say/do gap but we cannot keep denying the strongly stated intention by the vast majority to consume better. Providing routes to this now will drive revenue in the future. Interested in this profit and purpose conundrum? Register for our joint webinar next Thursday 30 November with the Institute of Business Ethics here: https://lnkd.in/evvdDBQt Access our ‘Money is on Everyone’s Mind’ bulletin 👉https://lnkd.in/eV_S4dJg
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As guardians of financial accuracy and transparency, accountants play a pivotal role in ensuring the stability and credibility of the business ecosystem. To navigate the myriad challenges and ethical dilemmas that arise in their professional journey, it is imperative that accountants adhere to a set of fundamental ethical principles. #accounting #ethics #ethicalcompliance #compliance
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