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board’s culture

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7 - From Compliance to an Engaging Corporate Culture
Jordi Canals, IESE Business School, Barcelona
Book:

Boards of Directors in Disruptive Times

Published online:

16 November 2022

Print publication:

03 November 2022, pp 254-284
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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.