freddykrugerDelve – Fake Compliance as a Service
https://deepdelver.substack.com/p/delve-fake-compliance-as-a-service
80% of Compliance has always been a performative box checking exercise.
They delivered the product that every company wanted - make the box checking faster.
There is a legal liability that comes with the bow checking. Nobody cares about box checking. Everyone cares about legal liability.
These days, nobody cares about legal liability, which is the likelihood of losing a lawsuit if there's a lawsuit, either. They only care about actual lawsuits against their company. They have noticed they're pretty rare and if the company's going to go under it's going to go under anyway, so might as well take the extra profits from not worrying about it
If someone checked one box, and the company goes under because of a lawsuit linked to not doing what this box said, then the individual who checked that box becomes personally liable of the damages done to the shareholders asset (the value of the company).
You don't want to be in this position, really. And that's the whole point of compliance.
Maybe. If their boss told them to do it and their boss is the CEO, probably not. It's on the prosecutor to prove the individual employee committed a crime worthy of piercing the corporate veil.
> If their boss told them to do it and their boss is the CEO, probably not
Then it becomes the CEO who's responsible. “Compliance” is there to protect the shareholders!