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Getting Started on Compliance Incentives
Radical Compliance – Getting started with compliance incentives can be challenging yet crucial for fostering an effective ethics and compliance program. Regulators expect to see incentives integrated into corporate compliance strategies. For instance, the Justice Department’s guidelines emphasize the need for both positive incentives for good behavior and negative consequences for bad behavior. First, focus on what matters: Compliance officers must identify the ethical behaviors that support their organization’s objectives and the incentives that drive them.