5 Tips to Create a Healthy Corporate Compliance Culture
From setting your company’s core values to improving your leadership and communication, here are 5 ways to create a strong corporate compliance culture.
Don’t confuse culture and values
Do you know the difference? Lots of people confuse the two, but there are some important differences. A company’s values are its core principles and they shouldn’t change. Culture, on the other hand, has to do with the way things are done within the values system. Culture can, and should, shift as the needs of the business’ needs dictate. Effective leaders should focus on embodying the values rather than controlling the culture.
Sure, sometimes you have to say “no.” But if you’re a compliance professional, consider whether you’re saying it too much. Those who do risk becoming ineffective, damaging relationships, and developing a bad reputation. As Roy Snell writes in Compliance Today, save “no” for “critical success factors only” and make “yes” your answer to as many other questions as possible for more effective leadership.
Learn from the best
Another way to improve your leadership? S. Chris Edmonds suggests that we consider what our best bosses would do. From setting performance expectations to establishing those values we discussed earlier, think back to your best boss and learn from them.
Want to improve your corporate culture? Consider improving your communication. CEO Amy Rees Anderson suggests four online tools that can make a huge difference for any company. She argues that as communication improves on all levels, both between employees and between employees and the CEO and ideas are shared more freely, the bottom line will likewise improve.
Examine your onboarding
What does your training look like for new employees? Does it involve hypothetical scenarios or real, on-the-job training? Writer Anthony Russo suggests companies consider implementing the former, arguing that on the job training is easy to implement and more effective at preparing employees for their real tasks.