This report looks at:

• What is innovation and why innovate?
• Incremental change, "revolution" and disruption
• How high performing companies innovate
• The role of the T&D community
• Radical innovation, kick starting it, and leadership
• Regulation and supervision - and the FSA
• Training and competence requirements
• The challenges and implications for HR and the Regulator:
• control cultures ~ global companies ~ knowledge management
• Innovation in HR ~ an action agenda for HR Directors for the T&D community, creative individuals, teamworking & OD.