New concerns for Compliance and Culture

New concerns for Compliance and Culture
28/10/2020 Vault Platform

The global pandemic and increasing frustration with social injustice has resulted in a growing focus on the joint responsibility between the business functions of Compliance, Legal, and HR regarding the direction of a company’s culture and whether the organization and its employees act with integrity.

Accounting for 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 as companies are 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.

A rising trend of the last few years has seen employees become increasingly vocal about injustices perpetrated by their workplace or employer. Those that have not been able to find a voice through existing channels have grown in confidence and simply created their own. A phenomenon that has significant implications and consequences for business.

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The Ethics Issue