This Episode: Developing Culture with Paul Whitehouse

What does a healthy culture look like in practice? In this episode of the Compliance Culture Podcast, Lucinda Carney is joined by Paul Whitehouse of PIW Consulting, who brings over 30 years of experience in UK financial services. Together, they unpack the link between conduct and culture, covering FCA expectations, practical ways to measure culture, the role of data, accountability under SMCR, and why psychological safety and leadership behaviour are critical to driving lasting change.

Key Takeaways

  • Conduct is culture in action, it reflects organisational values through daily behaviours, decisions, and the tone set by leadership.
  • The FCA expects firms to evidence cultural health with measurable indicators, linking values and behaviours to regulatory standards.
  • Combining qualitative and quantitative data, such as engagement scores and whistleblowing reports, helps identify conduct risks early and accurately.
  • Psychological safety enables employees to raise concerns without fear, making it a key marker of cultural maturity and resilience.
  • Accountability under SMCR, consistent leadership behaviour, and transparent decision-making underpin sustainable compliance and trust.

Valuable Resources

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About Actus Software

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About The Guest, Paul Whitehouse

Paul Whitehouse is a Solicitor and Financial Services Regulatory Adviser with over 30 years of experience in UK financial services. As Managing Director of PIW Consulting, he specialises in assessing the suitability and effectiveness of governance, systems, controls, and strategy. Paul is widely recognised for his expertise in business culture and compliance, helping firms translate regulatory expectations into practical, sustainable change. His deep understanding of conduct risk and cultural measurement makes him a trusted voice on how leadership behaviour and accountability shape compliance outcomes.

Contact Paul

LinkedIn: https://www.linkedin.com/in/paul-whitehouse-91628a83/

Create Solutions: https://www.piwconsulting.com/

About The Host, Lucinda Carney

Lucinda Carney is a Chartered Psychologist, CEO of Actus Software, and host of the award-nominated, chart-topping HR Uprising Podcast. With over 20 years’ experience in organisational development and leadership, Lucinda has worked across a wide range of industries helping HR professionals establish behavioural change and accountability. Her passion for collaboration led her to create the HR Uprising community, empowering HR professionals to ‘rise up’ together. Now, Lucinda brings her expertise into a new space, exploring the human side of compliance through expert conversations with industry leaders and practicing compliance professionals.

Contact Method

Actus Software

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