If you want employees to speak up, show that you will listen
Effective speak-up procedures help boards to understand and improve their organisational culture. But employees won’t come forward unless they feel supported.
Image: KreativKolors/Shutterstock
Corporate scandals have highlighted the need for appropriate oversight by boards seeking to ensure the stability and sustainability of the businesses they run. Indeed, the new UK Corporate Governance Code cites this as a core principle: “The board should establish the company’s purpose, values and strategy, and satisfy itself that these and its culture are aligned.”
In a recent survey, the Institute of Business Ethics (IBE) asked boards how they were currently assuring themselves that they understood their corporate culture. At number one position in their response was "speak up and whistleblowing data", highlighting its importance a
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Hong Kong stock exchange explores new share structures
Hong Kong exchange will debate the possibility of a new trading board offering alternative share structures.
-
Corporate culture: five questions for the boardroom
Responsibility for safeguarding corporate culture falls with board directors, but how can that be done effectively? A good start would be to ask yourselves the following questions at every board meeting.
-
Pearson tops list of shareholder revolts on remuneration
New public register names and shames companies over the largest shareholder revolts against executive pay.
