How not to run a cultural transformation project: a guide to avoiding pitfalls

Culture isn't merely an accessory - it is the heartbeat of the organisation, writes Mario Menz, the compass that guides every action and decision. But when that compass starts leading towards the murky waters of financial crime, it's time for transformation! However, cultural transformation is not a simple task. In this article, he journeys through the pitfalls and blunders of cultural change, examining infamous corporate missteps and research-driven insights.

Mario Menz (mario.menz@hotmail.co.uk) is Head of Compliance & MLRO for Ghana International Bank (London) and Postdoctoral Researcher in Risk and Decision Theory at the University of Chichester. He teaches financial services law & anti-corruption at London Metropolitan University's Guildhall School of Business and Law.

Culture isn't merely an accessory - it is the heartbeat of the organisation, writes Mario Menz, the compass that guides every action and decision. But when that compass starts leading towards the murky waters of financial crime, it's time for transformation! However, cultural transformation is not a simple task. In this article, he journeys through the pitfalls and blunders of cultural change, examining infamous corporate missteps and research-driven insights.