Alison Taylor, managing director of advisory services at BSR discusses the importance of incorporating behavioral science and relational dynamics into compliance programs in an excellent blog piece on FCPA Blog. Where most compliance programs assume that actors are rational beings, numerous research studies have shown this model does not always play out in reality.
Alison cites research by NYU’s Ethical Systems which generates tools and research to help companies build more effective compliance programs. The OECD has also weighed in via their Integrity Forum in March of last year where they found that the traditional approaches to compliance are ineffective and that firms must work on building “cultures of integrity.”
The full post is available here: Alison Taylor: Compliance could be perfect if it didn’t involve people