Fri, 24 May 2013
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Barclays turns to Sullivan as backlash over Libor scandal intensifies
In today’s culture of public scrutiny, organisations can ill afford to be complacent when it comes to addressing compliance issues. It is vital that those who fall under public scrutiny for perceived wrong doing to not only take corrective action and are able to demonstrate that they are taking the right corrective action that will deliver long-term, effective change. Although a failure in process or technology is often blamed, in many cases a deeper analysis reveals culture to be the underlying issue. Failure to address the underlying culture risks the same issues arising again in another format and this applies to companies, business programmes or projects.
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