Skip to content

Compliance Building

Doug Cornelius on compliance for private equity real estate

Menu
  • Home
  • About
    • About
    • About Doug
    • About This Website
    • Why I Blog
    • Speaking Engagements
    • Contact
    • Publications
  • Archives
    • Topic Archive
    • Book Reviews
    • Most Popular
  • Subscribe
  • Disclaimers
    • Disclaimers
    • Policies and Procedures
    • Use of Site Content
    • Comments
    • FTC Disclosure
Menu

Be the Mayor, not the Sheriff

Posted on August 11, 2010August 9, 2010 by Doug Cornelius
Print Friendly, PDF & Email

Are you getting in the way or helping to move your organization forward?

Inevitably, compliance professional will need to step in and stop an activity or start a discipline process for someone who broke the rules. That does not have to be the primary focus of the your job, or the compliance profession.

Frank Sheeder, of the Healthcare Compliance Blog put together a story on How to Fail as a Compliance Officer. Number two on the list was “Acting like the sheriff instead of the mayor.”

That lead to a childhood flashback of the old McDonald Land populated by Mayor McCheese and Officer Big Mac, with the Hamburglar stealing burgers, the Fry Guys stealing fries, and Captain Crook trying to steal the Filet-o-Fish. I vaguely remember Grimace originally stealing shakes, before he became more law-abiding (and more cuddly with fewer arms).

Of course you need an enforcement function. You need to punish an offender, even if he is the CEO (well, sort of).

The primary function of compliance should be educating the employees about the rules. You should evaluate rules that are causing problems and see if there is a better way to deal with the issue. You should look for weaknesses in the company’s operations and policies so you can improve them.

Be the mayor. Wear a sash instead of a badge.

Images are property of McDonald’s, who apparently stole them from Sid and Marty Krofft, the creators of H.R. Pufnstuf, Sid & Marty Krofft Television Productions, Inc. v. McDonald’s Corp., 562 F.2d 1157 (1977)

Share this:

  • Print (Opens in new window) Print
  • Share on Facebook (Opens in new window) Facebook
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search for Stuff

Recent Stories

  • The SEC 2026 Rulemaking Agenda
  • The Alignment Gap: Rethinking Costs in Private Equity Fund Formation
  • PERE 100 and SEC Registration
  • Neither Admit Nor Deny To Be No Longer
  • What Will Form PF Look Like Next Year?
  • Is It a Chipset or Is It a Security?
  • When the Lawyer Is Breaking Bad
  • Will Investors Have an Appetite for Semi-Annual Reporting?
  • Special Forces Trading on Insider Knowledge
  • Prediction Markets and Compliance Programs

Fight Cancer

Please support my Pan-Mass Challenge
Make a donation to fight cancer. donate.pmc.org/DC0176
pan-mass challenge badge

I am a lawyer, but I am not your lawyer. Since I’m a lawyer, this website may be considered attorney advertising under the ethical rules of certain jurisdictions. Please read my disclaimers page before taking any action. And then, don't take any action based on what I wrote.

Creative Commons logo with the text 'Some Rights Reserved' and three symbols representing attribution, non-commercial use, and share alike.

Compliance Building - by Doug Cornelius is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.