Regulators play a unique and critical role in helping to maintain trust in firms, markets, economies and nations. At a time when trust in many of our core institutions is lacking, the role of the regulator becomes all the more essential. And this is particularly so for the overseers of the financial and audit industries.
With some 80 percent of the market capitalization of the S&P 500 made up of intangible value, trust in a company’s brand is a critical corporate asset. Firm culture is viewed as an essential contributor to the value of that asset (Elsten and Hill, 2017). Poor culture — and the poor conduct that invariably results — is now seen to represent an ‘intangible risk’ to a firm, with very tangible negative effects on firm valuation.
This content is available to both premium Members and those who register for a free Observer account.
If you are a Member or an Observer of Starling Insights, please sign in below to access this article.
Members enjoy full access to all articles and related content from past editions of the Compendium as well as Starling's special reports. Observers can access a limited number of articles and may purchase articles on an ala carte basis.
You can click the 'Join' button below to become a Member or to register for free as an Observer.
Join The Discussion