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Guidance compliance: Company Management System (CMS) assistance
Hanke: Compliance assurance through company compliance management systems
Traditional supervision has several shortcomings. Although certain regulatees need a deterrent approach, most regulatees are willing to comply to public regulations. Some of them, especially the bigger regulated organizations, are responsive to new forms of regulation. For these companies, a traditional command and control approach is not very effective because it does not recognise the company’s own capabilities and may undermine the intrinsic motivation.