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Ethical and Compliance‐Competence Evaluation: a key element of sound corporate governance
Author(s) -
Edwards Jonathan,
Wolfe Simon
Publication year - 2007
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/j.1467-8683.2007.00566.x
Subject(s) - competence (human resources) , corporate governance , compliance (psychology) , business , accounting , public relations , knowledge management , process management , psychology , management , political science , finance , computer science , economics , social psychology
Motivated by the ongoing post‐Enron refocusing on corporate governance and the shift by the Financial Services Authority (FSA) in the UK to promoting compliance‐competence within the financial services sector, this paper demonstrates how template analysis can be used as a tool for evaluating compliance‐competence. Focusing on the ethical dimension of compliance‐competence, we illustrate how this can be subjectively appraised. We propose that this evaluation technique could be utilised as a starting point in informing senior management of corporate governance issues and be used to monitor and demonstrate key compliance and ethical aspects of an institution to external stakeholders and regulators.