Learning the Lessons of “Trump”

Two seemingly unconnected events in my life during the last 24 hours have given me a lot of food for thought.

In the wake of President Trump’s unexpected election triumph, many are left pondering the forces behind this outcome. At the same time, in Cyprus at an IIA conference, I witnessed discussions around the new EU AML Package  sparking debates on the ever-growing regulatory burden.

Both events, though seemingly unrelated, underline a crucial question: why do humans behave the way they do?

The Trump campaign’s success lay in its deep understanding of voter motivations, tapping into the desires and concerns of the populace. Meanwhile, the AML Package’s intricate frameworks symbolize a familiar response to financial crimes: more rules. Yet, despite layers of regulations, misconduct persists.

Could it be that we’ve been missing the mark by focusing on the “what” instead of the “why”?

My years of experience have led me to dedicate the latter part of my career to this very quest. I am committed to helping businesses unravel the complexities of human behavior, moving beyond surface-level compliance to understand the underlying motivations. By grasping the “why” behind actions, we can shape behaviors to align with desired outcomes. This approach empowers organizations to foster ethical cultures and make informed decisions, reducing the need for excessive red tape.

By understanding the “why” behind actions, businesses can drive behaviors that lead to sustainable growth and long-term success. This approach fosters a thriving corporate environment where ethical principles are not just respected but leveraged for competitive advantage. The Trump campaign tapped into core human motivations to secure victory. Now, it’s time for the regulatory and corporate governance communities to harness a similar understanding. By delving into the intricacies of human nature, we can create governance strategies that not only ensure compliance but also propel businesses toward their strategic goals.

As we confront these challenges, Risk Audit stands ready to assist your organization in navigating this complex terrain.

If you want more details please refer to our website.