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7 - From Compliance to an Engaging Corporate Culture

Published online by Cambridge University Press:  16 November 2022

Jordi Canals
Affiliation:
IESE Business School, Barcelona
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Summary

Effective boards should evolve from their emphasis from compliance and box-ticking to promoting a healthy corporate culture that underpins individual and corporate behavior. This is the theme examined in Chapter 7. Corporate culture can serve as a driver of employee engagement, inspiration and creativity and competitive advantage. This is a delicate issue: The board does not define corporate culture, yet can still enhance and protect it, and ensure the company possesses a culture that fosters collaboration, customer orientation, initiative, accountability, transparency, diversity, inclusiveness and integrity, all of them qualities that help develop the organization for the long term.

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Chapter
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Boards of Directors in Disruptive Times
Improving Corporate Governance Effectiveness
, pp. 254 - 284
Publisher: Cambridge University Press
Print publication year: 2022

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