Governing culture: practical considerations for the board and its committees
Corporate culture has been a hot topic for some time now, and boards are now asking themselves more than ever how they can ensure proper oversight. The board of directors is ultimately responsible for defining and monitoring corporate culture, and each board committee should have an active role in examining the decisions it makes and oversight it exercises through the lens of culture.
EY helps boards and committees address the impact of organisational culture by providing questions that can be used to ensure that a consideration of culture is embedded in their decision-making and oversight.
This paper draws on the findings of the EY and FT board survey on culture, and the Corporate Integrity team’s recent report, The route to risk reduction: better rules or better decisions?, both of which highlight how important culture is to performance and risk management.