In today's era of increased regulation and renewed enforcement efforts unethical behavior and
misconduct are a focus of concern among not only governments and regulators but also investors
firms employees customers and the public. Accordingly compliance programs have gained
prominence in the organizational agenda. A properly designed and implemented compliance program
provides crucial assurance for all stakeholders that an organization's personnel abide by all
applicable regulations internal ethical principles codes of conduct and other guidelines.
Based on empirical experience and illustrative cases The Promises and Perils of Compliance
seeks to discuss compliance not as just another management tool but rather as a collection of
rules norms and controls embedded into an organization's culture and environment that must be
understood when designing a compliance program. The authors propose that organizations must be
transparent at all stages of the design and implementation of the compliance program and be
prepared to interpret adapt change and redefine the program in action. It is also important
for organizations to set a realistic agenda for the program so that gains can be seen and
celebrated by all stakeholders. This book offers a pathway to understanding the organizational
dynamics any compliance effort needs to consider. It will benefit business students as well as
managers compliance officers and CEOs and executives at every level.
