Transcript Document
Creating An Ethical Culture Katie Yip Chief Compliance Officer Hang Seng Bank The Face… Officialdom and wealth blessing blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants Face • How people perceive you, • How they treat you, • How they interact with you 2 servants Destiny • Will people like you? • Will they trust you? • Will you be successful? The Face = Corporate Image Officialdom and wealth blessing blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants Corporate Image • Positive Ethical Culture • Positive Corporate Image • Positive Public Perception 3 servants Business Success • Sound and Successful Business • Happy customers • Enhanced Shareholder Value The Face = Corporate Image Officialdom and wealth blessing blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants servants An ethical corporate culture is a key factor in the success of any company 4 The Law Strict adherence to applicable laws and regulations Corporate Vision & Core Values The highest personal standards of integrity at all levels A commitment to complying with both the spirit and letter of all laws and regulations wherever we conduct our business Lead from the top • senior management puts the highest priority on instilling the Group’s core business values across the company Ownership Responsibility for Compliance lies with line management Assisted by an independent Compliance function 7 In addition… Establish common business culture • bridge social, political and cultural differences of a diversified work force – particularly important here in Asia’s multi-cultural corporate environment 8 Challenges and Risks • Increasingly competitive business environment pressuring corporations to… • Emerging and rapidly changing regulatory environment Officialdom and wealth blessing “Turn a blind eye” blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants 9 servants Challenges and Risks • Increasingly competitive business environment pressuring corporations to… • Emerging and rapidly changing regulatory environment Officialdom and wealth blessing “Turn a blind eye” blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants 10 servants “Bend the rules” Challenges and Risks • Increasingly competitive business environment pressuring corporations to… • Emerging and rapidly changing regulatory environment Officialdom and wealth blessing “Turn a blind eye” blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants “Cut corners” 11 servants “Bend the rules” Challenges and Risks • Increasingly competitive business environment pressuring corporations to… • Emerging and rapidly changing regulatory environment Officialdom and wealth “Exploit grey areas” blessing “Turn a blind eye” blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants “Cut corners” 12 servants “Bend the rules” Consequences! •It’s not just taking risks, it’s criminal Officialdom and wealth blessing blessing father mother residential changes residential changes property wife life Sick ness sons and daughters and dang er property Wife sons and daughters Wealth servants servants 123-456-789 CORPORATE DELINQUENT 13 Conclusion Officialdom and wealth blessing Officialdom and wealth blessing father mother blessing residential changes residential changes property wife life Sick ness sons and daughters and dang er residential changes residential changes property property Wife sons and daughters wife life Sick ness sons and daughters and dang er Wealth servants blessing father mother property Wife sons and daughters Wealth servants servants It’s your choice! servants