Governance, whether it’s information governance or just plain governance, requires that you punish those who get caught breaking the rules. Otherwise, the rules are more like guidelines. And as when housebreaking a puppy, you should apply the “correction” as close as possible in time to the occurrence of the “breach.” That includes supervisors.
“Wells Fires 4 Senior Managers Over Sales Practices,” The Wall Street Journal, February 22, 2017 B1. Now-former Wells Employees include the Chief Risk Officer for retail banking, an executive in Arizona retail banking, a consumer-credit executive (formerly a Los Angeles retail banking executive), and a retail banking strategy and finance executive. This follows the hold-back of 2016 bonuses for the new CEO and the CFO. And a fine of $185 million and the termination of 5,300 other employees. The alleged misdeeds at Wells began in 2009 or 2010.
Better late than never.