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People Risks, Compliance Motivation and Culture PART 2: Solutions Keryl Egan  Stormont Consulting  Presented at the 6 th  Annual Financial Services and Compliance Conference, Sydney, February 9-11, 2009
Applying Influencer to Compliance Motivation and Culture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Navigating Change  with  Influencer Influencer The Power to Change Anything
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Setting the Sails for Change Blue Sky Clarifies is Current Position
Setting the Sails for Change with Influencer
Applying the Influencer Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Clarifying Outcomes:  More external regulation or more internal motivation ,[object Object],[object Object]
DESIRABLE OUTCOMES Internal Values and Grace in Execution ,[object Object],[object Object],[object Object],[object Object]
Blue Sky Bank Develops a Desirable Outcome ,[object Object],[object Object],[object Object],[object Object],[object Object]
Design a Setting for Pro-social Growth ,[object Object],[object Object],[object Object]
INFLUENCER: Find the first Vital behaviours ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Derive Vital Behaviours from General Principles  for Pro-social Growth (Zimbardo) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Vital Behaviours at Blue Sky Bank ,[object Object],[object Object],[object Object]
INFLUENCER MODEL: Define Crucial Moments ,[object Object],[object Object],[object Object]
Examples of Crucial Moments ,[object Object],[object Object],[object Object]
Putting It All Together ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sources of Influence to Promote Compliance & Achieve Desired Outcomes ,[object Object],[object Object],[object Object],[object Object]
Six Sources of Influence for 3 Vital Behaviours Speaking Up, Admitting Mistakes, Volunteering Ideas Use office design, data and cues plus IT tools to keep the vital behaviours in mind Design incentives and rewards  for speaking up, admitting mistakes  and innovating Structural Seek support of senior management who are willing to provide resources or knowledge and problem-solving Find role models and opinion leaders to help others to speak up,  admit mistakes and volunteer ideas Social Provide training to enable the vital behaviours e.g.  Crucial Conversations training for speaking up in high  stakes situations Connect the person to their own values.  Create a crisis of conscience by expecting people to speak up. Personal Ability Motivation
Creating an Influencing Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Measuring Success ,[object Object],[object Object],[object Object],[object Object]
Continuous Improvement ,[object Object],[object Object],[object Object]
P.O. Box 327, Leichhardt NSW 2040 Ph: 02 9564 0425 Mobile: 0414 734 840 Email:  [email_address] Website: www.stormontconsulting.com Thank you
References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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People Risks, Compliance Motivation and Culture Part 2 Ve 20090818

  • 1. People Risks, Compliance Motivation and Culture PART 2: Solutions Keryl Egan Stormont Consulting Presented at the 6 th Annual Financial Services and Compliance Conference, Sydney, February 9-11, 2009
  • 2.
  • 3. Navigating Change with Influencer Influencer The Power to Change Anything
  • 4.
  • 5. Setting the Sails for Change with Influencer
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. Six Sources of Influence for 3 Vital Behaviours Speaking Up, Admitting Mistakes, Volunteering Ideas Use office design, data and cues plus IT tools to keep the vital behaviours in mind Design incentives and rewards for speaking up, admitting mistakes and innovating Structural Seek support of senior management who are willing to provide resources or knowledge and problem-solving Find role models and opinion leaders to help others to speak up, admit mistakes and volunteer ideas Social Provide training to enable the vital behaviours e.g. Crucial Conversations training for speaking up in high stakes situations Connect the person to their own values. Create a crisis of conscience by expecting people to speak up. Personal Ability Motivation
  • 19.
  • 20.
  • 21.
  • 22. P.O. Box 327, Leichhardt NSW 2040 Ph: 02 9564 0425 Mobile: 0414 734 840 Email: [email_address] Website: www.stormontconsulting.com Thank you
  • 23.

Notes de l'éditeur

  1. A model which can literally be applied to all types of change.
  2. Use these principles to help you determine the vital behaviours you want to change to gain compliance and valuing of regulation. Nick Leeson from Barings wanted recognition.
  3. Choose two of these – speaking up and admitting to mistakes
  4. An example of a crucial moment may be the immediate moment that a breach is observed.