8bet

Institutional Compliance

Consequences of Noncompliance

Ìý

  • Fines, penalties, and legal fees
  • Media coverage and blemished reputation
  • Imposed compliance “settlementsâ€
  • More regulatory and audit agency scrutiny
  • Management time and effort required to perform damage control
  • Management turnover
  • Lower faculty and staff morale
  • Increased bureaucracy and lower efficiency
  • Lingering effects …
  • Guilt by association:Ìý when one of us is tarred, we all wear the feathers