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Ethical and Compliance‐Competence Evaluation: a key element of sound corporate governance

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  • Jonathan Edwards
  • Simon Wolfe

Abstract

Motivated by the ongoing post‐Enron refocusing on corporate governance and the shift by the Financial Services Authority (FSA) in the UK to promoting compliance‐competence within the financial services sector, this paper demonstrates how template analysis can be used as a tool for evaluating compliance‐competence. Focusing on the ethical dimension of compliance‐competence, we illustrate how this can be subjectively appraised. We propose that this evaluation technique could be utilised as a starting point in informing senior management of corporate governance issues and be used to monitor and demonstrate key compliance and ethical aspects of an institution to external stakeholders and regulators.

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  • Jonathan Edwards & Simon Wolfe, 2007. "Ethical and Compliance‐Competence Evaluation: a key element of sound corporate governance," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 359-369, March.
    • Handle: RePEc:bla:corgov:v:15:y:2007:i:2:p:359-369
    DOI: 10.1111/j.1467-8683.2007.00566.x
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    References listed on IDEAS

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    1. Parker,Christine, 2002. "The Open Corporation," Cambridge Books, Cambridge University Press, number 9780521818902, September.
    2. Chris Mallin & Andy Mullineux & Clas Wihlborg, 2005. "The Financial Sector and Corporate Governance: the UK case," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(4), pages 532-541, July.
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    Cited by:

    1. Nobert Osemeke & Louis Osemeke, 2017. "The effect of culture on corporate governance practices in Nigeria," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 14(4), pages 318-340, November.
    2. Nobert Osemeke & Louis Osemeke, 2017. "The role of auditors in the context of Nigerian environment," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 14(4), pages 299-317, November.

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