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Compliance Professionalism and Regulatory Community: The Australian Trade Practices Regime
Author(s) -
Parker Christine
Publication year - 1999
Publication title -
journal of law and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.263
H-Index - 48
eISSN - 1467-6478
pISSN - 0263-323X
DOI - 10.1111/1467-6478.00123
Subject(s) - compliance (psychology) , credibility , corporate governance , business , accounting , state (computer science) , public relations , political science , law , finance , psychology , social psychology , algorithm , computer science
Contemporary state governance relies increasingly on regulatory strategies encouraging self‐regulation and compliance for corporate regulation. This paper examines the conditions in which such strategies might be effective by reference to the Australian trade practices regime. The paper argues that regulators will only use compliance strategies effectively when (i) a community of compliance professionals with both professional integrity and commercial ‘street’ credibility exists to make compliance come alive in everyday corporate activities, and (ii) regulators invest in meta‐evaluation of compliance professionals’ activities.