“Your starting point should not be trust, and loyalty and honour. it should be that people are human, and human people will make mistakes and do bad things”. Michael Woodford discusses what hedge funds can learn from his experience as a whistleblower, and the importance of forensic auditing and independent whistle lines to ensure corporate compliance.
So how do you guard against human error? First, acknowledge it. “To hear from inside the boardroom is something that is enlightening”. Then comes the “hard side of compliance and regulation” – what does this mean for the hedge fund industry?
This video was filmed at GAIM Ops Cayman 2016, the annual meeting place for C-level alternative investing experts in operations, due diligence and compliance on the stunning Seven Mile Beach, Grand Cayman. It’s sponsored by Cordium, a market-leading global provider of regulatory compliance consulting services and software to the asset management and securities industries.