Culture has a huge impact on an organisation’s ability to function properly. Get it right and it’s like sailing with the wind behind you; get it wrong and there can be unfortunate and unintended consequences.
Blaming organisational culture for serious failings is not a new phenomenon. Achieving culture change is not a quick fix, it’s a corporate governance issue and it has to be led from the top.
Had the UK Corporate Governance Code applied to UK plc in the run-up to the credit crunch, then perhaps we might have enjoyed more effective risk management, financial control, leadership and accountability
This week we have witnessed the corrosive consequences of culture, ethics and corporate governance being allowed to take a back seat at the expense of personal gain and corporate profit ………