Compliance and social entrepreneurship
One of the most important stakeholders to be taken into account, is the regulator. The financial crisis and other events triggered the regulators to come up with far more strict regulations. It is the task of the compliance function to keep the regulator happy. However, compliance is broader than only seeing to it that external regulations are adhered to it is also about norms and ethics.
It became painfully clear that social entrepreneurship was not taken seriously by management of financial institutions. This was not only the case for banks, but also for micro finance institutions. Luckily, now there is dedicated attention for social responsibility. Risktensive management can give you dedicated guidance and support in this area.