The Future of Regulation Series: Deterrence is not the answer to regulation: Culture is, if we do it right.
- CPD: 1 Hour(s)
Following on from our popular webinar with our own Regulators we have a three-part special series on the Future of Regulation. Our guest presenter for the first part is Christopher Hodges MA PhD FSALS FRSA, Professor of Justice Systems and Head of the Swiss Re Research Programme on Civil Justice Systems, Centre for Socio-Legal Studies at Oxford.
This presentation will cover a sequence of propositions and issues.
First, the evidence that deterrence is not an effective strategy in affecting future behaviour, and hence as a regulatory strategy.
Second, the scientific evidence of how humans make decisions and what can influence them. The importance of social conditions, hence of organisational culture.
Third, focus on culture in financial services: the absence of consensus on how and what to do.
Fourth, successful examples of ‘regulating through culture’, eg aviation safety, Scottish water, UK Local Authorities.
Fifth, a model of ‘science-based business management and regulation’ that can deliver performance and ‘compliance’: Ethical Business Practice (EBP) and Ethical Business Regulation (EBR).
Sixth, a roadmap for moving forward.
Christopher Hodges MA PhD FSALS FRSA, Professor of Justice Systems and Head of the Swiss Re Research Programme on Civil Justice Systems, Centre for Socio-Legal Studies at Oxford
Christopher Hodges is Professor of Justice Systems and Head of the Swiss Re Research Programme on Civil Justice Systems at the Centre for Socio-Legal Studies, Oxford; a Supernumerary Fellow of Wolfson College, Oxford; and a Fellow of the European Law Institute.
His degrees are New College, Oxford (BA, MA, 1976), King’s College, London (PhD 2003). He worked from 1977 to 2003 in major City of London law firms, and since 2004 at Oxford University.
He is a leading expert in regulatory, enforcement and dispute resolution systems and advises many governments and businesses across the world. He is a founding member of the Executive of the International Network for Delivery of Regulation (INDR), created at the request of UK Government, that includes experts from across the globe.
Recent books include Regulatory Delivery (with Graham Russell, 2019); Delivering Dispute Resolution, a Holistic Review of Models in England & Wales (2019); Ethical Business Practice and Regulation (with Ruth Steinholtz); Law and Corporate Behaviour (2015); Redress Schemes for Personal Injuries (with Sonia Macleod, 2017); Delivering Collective Redress: New Technologies (with Stefan Voet, 2018); Consumer ADR in Europe (with Iris Benöhr & Naomi Creutzfeldt, 2012), The Costs and Funding of Litigation (with Stefan Vogenauer and Magdalena Tulibacka, 2010).
He was Erasmus Professor of the Fundamentals of Private Law at Erasmus University, Rotterdam (2011-14). Visiting Professorships include the China University of Political Science and Law, Beijing (2013-16), Leuven University (2014) and ANU Canberra (2014).
He has been Chair of the Pharmaceutical Services Negotiating Committee for England, an international committee on regulatory strategy in the medical technology sector, and an opera company. He was a Board Member of the UK Research Integrity Office 2008-2017.
Robina Xavier, Deputy Vice Chancellor and Vice President (Education), QUT
Robina is Executive Dean of the QUT Business School. She has more than 25 years’ experience in corporate consulting and education with specialist expertise in investor relations and crisis management. Robina has worked as a consultant to both the private and public sectors in Australia, specialising in corporate and financial relations. Robina has sat on several association/government/NGO advisory groups and has significant membership body experience as a former National President of the Australian peak industry body, the Public Relations Institute of Australia. She sits on the EQUIS Committee of the European Foundation for Management Development in Brussels. Robina is a director of Creative Enterprise Australia, Australia’s only dedicated creative industries accelerator.
Diversity & Culture
Ethics & Integrity
Risk & Regulation
Participants may be able to apply 1 hour towards meeting their annual continuing professional development obligations. It is the individual's obligation to determine relevance of CPD to their license conditions.
FASEA CPD Categories
Regulatory compliance and consumer protection
Professionalism & Ethics