Study says one out of five employees never read company policy
Compliance policies at large financial institutions are outdated and often ignored by employees, a new survey has found.
The survey of 550 financial services professionals in London and New York found that 14% are not confident their organization’s policies are up to date with the most recent changes to regulations issued by governments, stock markets and other institutions. One out of five survey respondents admit they have never even read their firm’s policy manuals. Another 15% have read the manual at least once but do not continue to read it regularly.
“A lot of people don’t have any faith in the policy manuals,” says Paul Johns, chief marketing officer for Complinet, a compliance vendor that conducted the survey. “You’re talking about one in five people in a highly regulated market … not reading the one way the firm chooses to communicate the corporate policies to you.”
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