Introducing Compliance Accountability Groups

My company, Ignite Consulting Partners, strives to be a thought leader in the compliance and risk management discussion for independent car dealers and other lenders. We take this responsibility seriously and over the years we’ve launched several successful education based initiatives, including our Annual Compliance Unleashed Conference, Training Unleashed Online Learning Platform, Tip of the Week Emails, and monthly webinars. In our continuing efforts to help dealers protect their businesses, we are pleased to announce the creation of the first of its kind Compliance Accountability Groups.

What is a Compliance Accountability Group?
Much like the popular 20 Group concept, this endeavor consists of bringing dealers and finance companies together in a peer to peer learning environment and is aimed at facilitating the achievement of impactful compliance. I will moderate the group(s), which will be made up of owners, managers and compliance personnel. We’ll conduct virtual quarterly meetings, and also have an in-person meeting during our Compliance Unleashed Conference in April. In between meetings, we will host individual online meetings with each member to discuss specific goals and sticking points.

These groups will provide a true peer-to-peer environment for those responsible for protecting their businesses and managing compliance and legal risks. Participants will collaborate, learn, and solve problems together, with Ignite offering guidance and managing the overall framework. Not only will this initiative help hold members accountable for setting and meeting goals, it offers the opportunity to cut costs on legal and other expenses.

Why is it Essential to Join?
In my career, I’ve worked with hundreds of dealers, lenders and similar businesses. To be honest, more often than not, I see people struggle with legal and compliance concepts and fail to achieve success. In fact, the impetus towards creating Ignite was to bridge what I see as an implementation gap between legal guidance and advice and the actual achievement of impactful results.

The hard truth is that most business people are just too busy running the business and managing the day-to-day issues to focus on compliance. Even in those companies that have a “dedicated” compliance person, they are often asked to wear several other hats and end up being distracted. Let’s face it, business inertia will usually prevail.

These Groups are designed to combat this by providing a blueprint for success and holding members accountable to each other. In my experience, business leaders are more likely to meet the standards met by their peers instead of goals and objectives that I set. Group members will be able to measure their compliance efforts and progress against other businesses that operate in the same industry.

What are the Benefits of Membership?
These groups will be a think-tank specifically devoted to solving the riddles and complexities of the compliance and legal obligations that besiege car dealers and other lenders. We work with dealers all over the country and we see a lot of different methods from an operational perspective. We also see how various regulators interpret and enforce their laws, and how the litigation climate can vary in different places. In our group meetings, we’ll put that knowledge to work for our members by sharing our thoughts and observations on the current state of the industry and addressing emerging threats.

Our members will share their own strategies and fresh perspectives on developing solutions. We expect to foster a healthy climate of collaboration. Participants will learn from each other’s experiences and solve problems together, all in an environment where members hold each other accountable for progress and results. Then, in our follow up one on one meeting, members can address their specific concerns and we’ll work to customize solutions. We will also have a dedicated Q&A platform where members can ask questions any time.

Call to Action
Participation in this group will strengthen an area which has historically been an achilles heel for dealerships. At a price of $ 125/qtr, even the smallest businesses can take advantage of this offering. The educational benefits, when coupled with the networking opportunities and a chance to work with some of the best compliance minds in the industry, makes this a compelling opportunity. Go to IgniteCP.com to learn more or email This email address is being protected from spambots. You need JavaScript enabled to view it..