A lawyer and Senior Compliance Supervisor at Stanbic Financial institution Ghana Restricted has urged danger and compliance professionals to evolve past a prescriptive mindset.
Barbara Dede Ama Okai-Tettey has tasked professionals to embrace a extra strategic, solution-driven strategy that allows enterprise progress and unlocks aggressive benefit.
Talking at Threat Summit 2025 on the subject “Compliance as a Catalyst: Unlocking Aggressive Benefit By means of Resilience”, Ms. Okai-Tettey emphasised that the normal mannequin, targeted solely on directives, is not efficient in at this time’s advanced danger panorama.
“As danger professionals, we’re fast to say, ‘That is what you must do’, however usually fail to supply context. With out explaining the ‘why’, we danger dropping the assist of our first line of defence. That’s once we’re perceived as blockers reasonably than enterprise enablers,” she famous.
She pressured that providing rationale should be accompanied by sensible steering.
“Even once we articulate the ‘why’, we are likely to cease wanting delivering the ‘how’. That’s a missed alternative. Aggressive benefit lies in strolling the enterprise by means of each the ‘why’ and the ‘how’; that’s the place actual impression occurs.”
Ms. Okai-Tettey known as for a metamorphosis in how compliance professionals interact with the enterprise, advocating for a extra collaborative and value-adding posture.
“We’ve lengthy operated as gatekeepers, saying ‘No’ or ‘Cease’, however what we needs to be saying is ‘No, however right here’s how one can nonetheless obtain your goal inside the guidelines’. That shift modifications how the enterprise sees us.”
She inspired compliance groups to step out of their conventional consolation zones and develop into drivers of resilience and innovation.
“To be seen as strategic companions, we should transcend figuring out dangers; we have to information the enterprise in managing them successfully.”
Addressing management’s position, Ms. Okai-Tettey challenged executives to reframe compliance as a progress enabler reasonably than a price centre.
“When compliance is embedded into technique, it’s not about ticking packing containers. It turns into a device that drives resilience, fosters innovation, and builds long-term belief”, she defined.
“Leaders should champion moral conduct and combine compliance into decision-making from the outset, not as an afterthought”, she added.
She concluded by emphasising that the shift should start from inside the compliance perform itself.
“To maneuver from being reactive to turning into proactive enterprise companions, we have to change how we predict. Our mindset shapes our management, our responses and in the end, the worth we ship”. Compliance should personal and drive this narrative.
The 2025 Threat Summit convened business leaders, policymakers and governance consultants to debate the evolving position of danger and compliance in enabling enterprise resilience, strengthening oversight and navigating a quickly altering regulatory setting.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
Source link
