What is an essential element of TQL's approach to compliance culture?

Incorporating feedback from stakeholders is fundamental to TQL's approach to compliance culture because it fosters an environment of collaboration and inclusivity. Engaging stakeholders—such as employees, customers, and regulatory authorities—ensures that a variety of perspectives and insights are considered in compliance strategies. This practice enhances transparency and accountability, leading to more effective compliance initiatives. By valuing stakeholder input, the organization can identify potential compliance risks early on, adapt to changing regulations, and build trust both internally and externally.

This emphasis on feedback also contrasts with approaches that prioritize profits over regulations or shift sole responsibility for compliance onto management. Such alternatives can undermine the broader compliance culture that relies on shared responsibility and collective commitment to ethical standards. Encouraging a blame-oriented response further detracts from a constructive compliance culture, as it discourages open discussion of issues and stifles the willingness to report potential compliance failures.