Innovation may be a goal for many organizatins, but rushing to meet these goals comes with a price. When a company doesn’t meet the basic expectation of trustworthiness, botth stakeholders and customers feel betrayed. This leads to a lack of trust in future actions.
Risk management and compliance functions are fading as a new subculture comes to light. This subculture celebrates achievement, and punishes any “non-cooperators”. Those “non-cooperators” are often the people who are concerned about risk. The question becomes: how can organizations both innovate and manage risk?
The bottom line is that innovators and people in control functions think differently. They often have conflicting incentives. Improving collaberation between complaince personnel and innovators is key.