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

The Jedi and Compliance Failures

Posted on December 15, 2015 by Doug Cornelius
Print Friendly, PDF & Email

My family has been re-watching the Star Wars movies in anticipation of this week’s premiere of Episode VII. While watching Episodes I-III, I wondered if the Jedi could have used some compliance strategies to help prevent their downfall.

come to the dark side we have cookies

Two of the goals of compliance are (1) to deter people in your organization from doing bad things and (2) to identify a fed flag that could indicate something bad has happened or is about to happen.

Obviously, going to the dark side is a bad thing. You can tell, because they wear black. The Jedi needed to takes steps to prevent its members from being tempted by the power of the dark side of the force.

The obvious first steps in compliance are periodic certifications:

  • I have not been tempted by the dark side this quarter.
  • I am not interested in galactic domination
  • I am not experiencing any of negative emotions: fear, anger, hatred and rage
  • I am not in a romantic relationship

I suppose having Mace Windu sit down and fill out a form would be kind of silly.But it could be a deterrent.

The Jedi Master seem to able to detect variations in the force.Maybe a periodic review with the Jedi Council would be a good way to see if anyone is being tempted by the dark side.

The Jedi knew that Anakin Skywalker was having troubles. He was at risk of being a rogue Jedi.

The Jedi Council had a compliance failure form the beginning. Young Anakin was older than what was allowed by the Jedi code to become a padawan and begin Jedi training. The Jedi violated their own policies and procedures.

The Jedi Council failed to take actions to discipline Mr. Skywalker. They  saw his small digressions, but took no actions to discipline him for his mistakes.

The result was a rogue member of the organization destroyed the entire organization. In this case, that also meant dissolving the Galactic Senate, the rise of an evil galactic empire and the loss of billions of lives.

Maybe a Jedi compliance warrior could have helped prevent the downfall.

If you want more Star Wars and compliance mash-ups, check out Tom Fox’s posts this week:

  • Star Wars Week Part II – The Empire Strikes Back – Levels of Due Diligence
  • Star Wars Week Part I – How do You Evaluate a Risk Assessment?

If you like the image at the beginning, you can get it on a T-Shirt at Woot!. (My son has one.)

Share this:

  • Click to print (Opens in new window) Print
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to 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

  • Compliance Bricks and Mortar for January 9
  • “Small”: I Don’t Think You Know What That Means
  • CFTC is Saying Goodbye to Private Funds
  • New York’s LLC Transparency Act Will Remain Limited
  • SEC and CFTC With Only Republicans
  • Compliance Books from 2025
  • Happy New Year
  • The One That Can Drive You and Give You Investment Advice
  • The One with the Foreclosure and OFAC Sanctions
  • Can Precious Gem Buying Being Securities Fraud?

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.