Many boards address culture as a regular aspect of governing their business, but key reputational issues are lower down the agenda, according to Grant Thornton.
Corporate culture is a "standing item" for half of businesses across the globe, as the issue becomes more entrenched on corporates’ agenda, according to a report by Grant Thornton. In its report, Beyond compliance — The building blocks of strong corporate culture, the accountancy firm found businesses are moving on from merely discussing culture and setting it as an area of importance, towards measuring and understanding what it means for them. Some 50% of the 2,500 businesses questioned said culture is a set agenda for the board. It found that 72% of businesses have established internal controls addressing culture and employee behaviour. This figure rises to 78% in the UK, while European counterparts Germany and France scored ju