Stakeholder Engagement
Completion requirements
By the end of this lesson, learners will be able to:
- Understand the importance of stakeholder engagement in regulatory compliance.
- Identify key internal and external stakeholders in an FCA-regulated firm.
- Develop effective communication strategies to manage compliance expectations and obligations.
Introduction to Stakeholder Engagement in Compliance
Stakeholder engagement refers to the process of building and maintaining relationships with individuals and groups who have an interest in the firm's compliance practices. Effective engagement ensures that regulatory requirements are understood, risks are managed proactively, and business objectives align with FCA expectations.