Nailing a high-visibility target demonstrates that you’re serious about compliance. Especially if he or she is a big money maker. And especially if it is over violations of your company’s procedures.
“GAM Says Fund Manager Breached Policies on Gifts,” The Wall Street Journal, August 7, 2018 B10. “[T]he star fund manager” also used his personal email to transact business for the company, and failed to follow other company procedures.
The company’s shares have dropped 44%.
Would you be surprised if your company did this? What does that say about your culture?