 | Competence, Conduct, and Billion Dollar Consequences: How Regulatory Strategy and Relationships Can Improve Organisational Outcomes Subjects: Economics Finance Business & Industry; Law; Politics & International Relations; Regulation; Regulatory Policy; Business Management and Accounting; Risk Management; Strategic Management; Corporate Social Responsibility & Business Ethics; This practical guide to understanding how regulators build insight and form judgements will help organisations to develop their strategy and approach to engagement, and to improve their regulatory outcomes. From social media to autonomous vehicles, the rapid new developments in a VUCA world make industry-regulator relationships more important than ever, to prevent consumer harm and to configure business success. This book is written for those who wish to build positive and progressive relationships with their regulators. From developing their strategy, through to the practicalities of how to prepare and engage with regulators, readers are navigated through an ecosystem of insight to help build an understanding of what informs their regulator's opinion and judgements. Underpinned with real-world experiences and examples, this book shows that, through clearer strategic focus and more effective relationships, organisations can refine their approach and build their relationships to drive mutually beneficial regulatory relationships that avoid negative consequences and unnecessary costs. Board members, executives, senior leaders, risk, compliance, legal professionals, regulators, and students of business, finance and law will refer to this book again and again, to guide holistic thinking about regulatory relationships and use the insights these can provide to help them calibrate their actions, activities and progress. Dr Nigel Somerset is an independent consultant focused on transforming the performance, risk, and compliance, of businesses. His experience includes accountability for leading portfolios valued in billions sterling through economic cycles including the global financial crisis, shaping and influencing industry strategy, supporting organisations and executives facing regulatory challenge, and working with executive teams and regulators on matters spanning day to day supervision through to sanction. Nigel also serves as executive in residence at the AACSB-accredited Sheffield Business School, is an Associate of The London Institute of Banking & Finance, and holds a DBA, MBA, and BA (Hons) Financial Services from Sheffield Hallam University. |
