European Compliance & Ethics Community (ECEC)’s Post

When we talk about "𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐭𝐫𝐮𝐬𝐭 𝐠𝐚𝐩," we often make certain assumptions. We assume it means companies need to gain the trust of the public, investors, and employees. However, Ruth Steinholtz, Culture and Integrity Partner, offered a fresh perspective at #ECEC2024... Companies need to 𝐭𝐫𝐮𝐬𝐭 𝐭𝐡𝐞𝐢𝐫 𝐨𝐰𝐧 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬. Drawing a compelling parallel between compliance and pro cycling—a sport once plagued by widespread doping but now a beacon of professionalism—Ruth illustrated how balancing the drive to succeed with a "just culture" is essential for modern businesses. "Transforming compliance" involves simplifying and automating processes. But even more crucial is a mindset shift, where employees are viewed not as potential wrongdoers, but as ethical individuals. #ECEC2024 #TransformCompliance #ProCycling #Ethics

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Ursula Schmidt

2023 and 2024 Internal Audit Beacon award recipient | Internal Audit & Compliance Advisor | Board Member | Independent Director | Speaker & Author

3mo

Dear Ruth Steinholtz, I unfortunately could only listen in to the last few minutes of your presentation but I loved every bit of it! Great analogies and I completely agree on what you say about culture!

Kimberly Hauenstein

Senior Associate - Client Services & Trading

3mo

In general people try to meet the standard you set - you get to choose the level of the standard. Treat people like children and they tend to behave that way. Treat people responsibly and they tend to be responsible :)

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