Aug 23, 2021
Most founders would rather be seen as an inspirational, positive figure in their organization, and not as the person who has to constantly push back against their compliance team. If you are one of those founders who feels as if they are always playing the bad cop, this episode is for you! In today’s show I share my perspective on how to improve the relationship between founders and compliance officers; it is not a quick fix, and involves some major changes incorporated in a subtle way, but if you are able to implement these changes, it will benefit the parties on both sides of the equation, and the organization as a whole.
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Today's episode:
[00:38] Why this month feels different, in a good way!
[01:21] The common theme that I have recently noticed amongst FinTech founders.
[01:58] A founder who I worked with in the past who hired someone to play the “bad cop” role.
[03:55] Reasons that founders don’t want to push back against compliance officers, and why this isn’t the right mindset to have.
[04:52] Why decisions around compliance issues usually fall onto the shoulders of founders.
[07:03] What founders need to understand about their compliance teams.
[08:20] I share a story which highlights the old-fashioned nature of compliance in some organizations.
[11:12] Why creating long lasting changes in compliance is going to take time.
[12:55] Just-in-time versus just-in-case compliance.
[13:28] My recommendations for changing the compliance culture in your organization for the better.
[15:44] Why you should make it clear that changes relating to compliance don’t have to be permanent.
[16:56] The importance of regular reviews and analyses of the changes you are implementing.
[20:07] Content you can expect at the brand-new workshop that I am going to be holding on August 24th.
Show links: