Governance in brief
Governance in brief is a summary of the latest corporate governance developments, incorporating details of the source, relevant dates and links to further information
FRC reinforces importance of corporate culture
Launched against a backdrop of reducing public trust in business, the FRC’s culture project has drawn in the views and the expertise of a number of organisations under the “Culture Coalition” banner and has involved engagement with FTSE chairmen, chief executives and company secretaries. The report “aims to stimulate thinking around the role of boards in relation to culture, and encourage boards to reflect on what they are currently doing.”
Published on 20 July 2016, the report highlights the huge part culture plays in good governance and in supporting corporate purpose. It focuses on four key areas for boards to address:
- The role of the board in influencing and shaping culture
- Bringing values to life
- Building trust with stakeholders
- How boards can assess, measure and monitor culture
This edition of Governance in brief summarises the key findings, observations and recommendations from the report and provides Deloitte views and insights on corporate culture.
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