Over the past few years, there has been an increase in the amount of money that companies are spending on compliance, but this is not having its desired effect; there are just as many, if not more, compliance issues occurring. In today’s episode I explain why the old top-down certification-based approach to compliance is outdated, and I share what I think would be a better use of your time if you are interested in the field of compliance.
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Today's episode:
[00:40] Why I decided to take on today’s topic, which can be quite polarizing.
[02:20] Recent interest that has been shown for the compliance sector.
[03:06] The reasons that people pursue CAMS certification.
[05:44] Goals of the institutional, top-down method of compliance, and why this approach is so problematic.
[08:14] What traditional compliance teachers believe is point of compliance is.
[09:01] Learnings I have had from speaking to leaders and founders about compliance.
[10:26] Increases in the cost of compliance over the past few years, and why this has not had its desired effect.
[13:00] Factors that are not important in a business, and those that are.
[13:22] What you will learn from traditional compliance certification training, and what you won’t.
[16:23] What I would advise you to do instead of the compliance certification training.
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