Reputation Matters To Compliance Officers

Reputation management is not a prerogative of large institutions and must be seen as an important matter by small- and medium- sized companies as well.

Compliance officers within the financial services industry are aware that it is becoming increasingly difficult to replicate the resources and reputation of an organisation. This is mainly due to the complex environment within which organisations need to operate in the current scenario.

Corporate reputation has clearly become a topic of concern within our society and is, in many ways, intertwined with corporate responsibility. There is little doubt that no compliance officer is keen to be associated with an institution that is in some way engaged in irresponsible business conduct, questionable accounting practices, deception of customers, and so on.