Navigating Compliance and Culture Issues in a (post)-COVID World
The truth will come out so prepare for it!
There is a growing focus on the intersection between the business functions of Compliance, Legal, and HR - specifically regarding the direction and ownership of a company’s culture and whether the business and its employees act with integrity.
Influenced by public sentiment, government and regulator action, and employee activism, it’s clear that doing the bare minimum required to comply with the law is no longer enough. Companies are increasingly pushed by their employees, governments, and customers to step up and adopt a multi-stakeholder approach that serves social purposes as well as investor demands. Those that get this approach right see operational efficiencies and commercial gain. Those that get it wrong see financial and reputational damage.
A rising trend is seeing stakeholders - employees and shareholders alike - become increasingly vocal about injustices perpetrated by employers. Those that have not been able to find a voice through existing channels have grown in confidence and created their own platforms. A phenomenon that has significant implications and consequences.