Compliance: Wall Street's next competitive advantage?
Creating or upgrading compliance policies and technology may seem actions to please regulators, but this could reap rewards
Companies implementing a culture of compliance should look to leverage it as an opportunity for competitive advantage, as it has the potential to boost their bottom line, and help them attract and retain top talent, according to a new whitepaper from Thomson Reuters.
In the report, A Culture of Compliance: How Compliance Can Affect Corporate Culture for the Better, researchers found embedding core practices into corporate culture is the most effective way for a company to be compliant.
"An
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