The Road to Hell Is Paved With Good Intentions: Why Regulatory Breaches Take Place
DOI:
https://doi.org/10.33423/jmpp.v25i4.7483Keywords:
management policy, compliance, company culture, professional ethics, governanceAbstract
This study investigates the several factors which can drive professionals into non-compliance. The author has looked at these factors from an economic, game theoretic, decision-theoretic, psychological and conflict management theory point of view. The research reveals that culture, not merely in the sense of compliance culture but also in the sense of company culture, plays a pivotal role. Based on company and compliance culture, governance and the various identified factors inciting compliance or non-compliance, the author distinguishes inclusive and extractive company cultures. In inclusive company cultures, factors encouraging compliance dominate, while in extractive company cultures, this is the case for factors discouraging compliance.
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