When do you really need best practices?

In my most recent post  I argue for applying a best-interest-of-the-client standard for those who give investment advice.

But – paradoxically or not – when it comes to designing or evaluating compliance & ethics programs, you don’t always need to aim for the maximum.

In my latest column in the SCCE’s Compliance & Ethics Professional (page 2 of PDF) I look at the issue of: How much is enough?

I hope you find it interesting.

One Comment
  1. Jason Lunday 6 months ago

    Very good points, Jeff. It can be hard to make the case for a best practices program if one cannot support the effort with a commensurate, concrete value to the business. And, that aside, what is best practices for one company may not be for another. It comes down to measures of effectiveness, and every company has a different desired level. I’d argue that as a program matures, including the case that the ethics and compliance officer makes to senior management, the conditions for instituting best practices should become realized.

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