The purpose of a business is to serve customers and make money. So, doing something at the expense of the overall company’s success because it is the “right” thing to do from a compliance standpoint is, in my opinion, a broken strategy. Tune in today to hear my thoughts on why compliance teams need to be humble!
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Today's episode:
[01:04] The conversation that inspired today’s episode.
[02:22] Why I don’t believe that letting go of people in compliance departments will always negatively affect a company.
[03:44] Examples of basic compliance principles.
[06:16] My definiton of humility.
[06:51] The importance of remembering what the overall purpose of a business is.
[07:49] A traffic metaphor to explain why compliance teams need to be humble.
[08:52] An example from my own life that highlights the value of humility.
[10:55] The factors that I believe are responsible for most successes in business.
[11:14] The attitude that is counterproductive to success.
[11:42] What it means to be humble.
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