Unlock the secrets of effective regulation and gain unparalleled insights from Sean Hughes, a distinguished veteran in regulatory bodies and commercial roles. Discover why regulation is essential in modern business, often stepping in where self-regulation fails. Sean breaks down the evolution of compliance as a vital profession and the increasing complexity boards face in managing extensive compliance obligations. This episode is designed to equip you with a balanced understanding of the ever-expanding regulatory environment and its impact on organisational priorities.
We delve into the behavioural aspects of regulation, exploring why self-policing often fails and how leaders can influence compliance culture. Drawing on Malcolm Sparrow's theory, Sean categorises individuals based on their compliance tendencies and discusses the importance of positive reinforcement in regulatory interactions. Finally, we compare leadership dynamics between regulatory bodies and corporate environments, highlighting the benefits of embracing challenges and the role of empathy and humility in regulatory practices. This episode is a must-listen for anyone interested in the intricate dance between regulation, leadership, and human behaviour.
Podcast Chapters
00:00 - Trust and Integrity in Regulation
10:37 - Regulatory Challenges and Oversight
23:42 - Role of Oversight and Professional Challenges
40:10 - Behaviour, Compliance, and Regulation
46:35 - Leadership and Regulation
54:27 - Balancing Risk and Responsibility
01:04:53 - Regulator Humility and Listening
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