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compliance by itself doesnt work very well compliance by itself is a means to mitigate risk begins to look like a police system compliance thats backed by some positive values that the firm shares that the culture of the firm celebrates becomes a very powerful combination lynn sharp payne a researcher at harvard wrote a very famous article that appeared over a decade ago and and it made a seminal point namely that the companies that do best over the decades are not the ones that take a rules-only or compliance approach theyre the companies that yes have compliance but they combine compliance with a sense of the positive values that the firm stands for a sense of the identity that people can celebrate when you fuse those two things together you have a very powerful combination if you try to separate them it fails
