As in recent years, corporate scandals dominated the headlines in 2017. These headlines resound with reputation-crushing implications for the financial services industry, and the trend is almost guaranteed to continue past 2018. Some notable recent scandals involved companies that were investigated for tax fraud, price collusion, data breach, and accounting fraud, to name a few. Market and industry participants and commentators are asking how such scandals can happen. To answer this question, we look at the role of culture within an organization – because culture matters.
Regulators are expanding their focus from compliance culture to firm culture. A lot is at stake – bad behavior by a few can result in customer or investor losses, falling stock prices, regulatory penalties, and irreversible damage to the firm's brand. Good firm culture, nurtured and promoted, can be a 360-degree solution to bad behavior. Promoting good firm culture requires more than a "tone from the top." It requires an ongoing, committed, multidisciplinary approach to understanding and promoting human motivation to be good, and to combining the firm’s cultural, ethical, operational, legal, and procedural functions and processes to achieve the "good" and avoid the "bad." Our panel will discuss each of these elements and identify significant and meaningful ways in which to promote and maximize good firm culture to keep your firm out of the headlines for the wrong reasons.
This program is appropriate for professionals from business, financial services, banking institutions, and investment funds, and for those in leadership roles.
Registration and Breakfast: 8:30 a.m. – 9:00 a.m. ET
Program: 9:00 a.m. – 10:00 a.m. ET
Alice BrightSky, Senior Director, Compliance Program, Fordham Law School (Moderator)
Michael R. Manley, Partner, Venable LLP
George Kostolampros, Partner, Venable LLP
Scott Mozarsky, President, Bloomberg Law
Scott Rigby, Ph.D., CEO, Immersyve
James Clements, VP, Fiduciary Services, Ameritas Investment Corp.
Register for this event here.