The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Governing culture: practical considerations for the board and its committees

Corporate culture has been a hot topic since the financial crisis. In examining the underlying causes of corporate failings, many commentators began to reflect on the role of corporate culture in decision making. Questions were also asked about the quality of corporate governance and board oversight of cultural issues.

A strong focus on the importance of the board role in monitoring and aligning culture to purpose, values and strategy has now also been introduced in the updated UK Corporate Governance Code, Quoted Companies Alliance Corporate Governance Code for AIM listed companies, as well the new Wates Corporate Governance Principles for Large Private Companies. This heightens the call for many kinds of businesses and boards to begin considering the role of culture in more depth.

Updated in early 2019 to reflect the latest corporate governance developments, this paper is designed to help boards and committees consider the decisions they make and the oversight they exercise through the lens of culture. With key questions for the board and each of its main committees, it aims to stimulate constructive debate and discussion which will help boards and committees discharge their responsibilities and get more insight into the culture of their organisations.

For more information, please contact us:

Corporate Governance

EY - Ken Williamson

Ken Williamson
+44 (0) 20 7951 4641

EY - Mala Shah-Coulon

Mala Shah-Coulon
+44 20 7951 0355

Culture, Diversity and Inclusion

EY - Arun Batra

Arun Batra
+44 (0)20 7951 1857