Search results for: corporate culture
Survey: Pandemic Ordeal Boosts Corporate Culture
LRN has released the 2022 edition of its annual Ethics & Compliance Program Effectiveness Report, finding that most companies’ ethical culture has emerged stronger than ever thanks to two years of the Covid-19 pandemic. LRN polled nearly 1,200 ethics, compliance, and legal officers at corporations around the world, most of them with 1,000 employees or…
Read MoreCorporate Culture: Speak Up vs. Listen Up
The other week I had the privilege of hosting a webinar on cultivating a speakup corporate culture. Given how important that is for corporate success — and how many organizations either mishandle their speakup culture, or reject the premise that a speakup culture matters entirely — today let’s consider some of the points raised in…
Read MoreCorporate Culture and Human Capital Disclosures
Corporations are now starting to file their annual reports for 2020, and this is the first year that most of those businesses need to include new disclosures about the importance of “human capital” to their operations. I wondered whether those disclosures would include anything about ethics and compliance efforts, so today let’s take a look.…
Read MoreFighting Ethical Disconnects in Corporate Culture
Well, it’s happened again: managers at a large company did something contradictory to a good corporate culture and common social mores, and made the company look terrible to the public. U.S. Bank, welcome to the hot seat. You may have seen the article in the New York Times that started all this. Nicholas Kristof, a…
Read MoreHow Pressure Invades Corporate Culture
Boeing was perhaps the biggest corporate compliance story of 2019, and we see no signs of that changing so far in 2020. This weekend we had another glimpse into the flawed corporate culture there that ultimately caused Boeing’s disaster with the 737 MAX jets. So let’s take another look at the lessons others can learn…
Read MoreGreat Speech About Improving Corporate Culture
William Dudley, president of the Federal Reserve Bank of New York, gave a superb speech in London today about corporate culture and how to push the banking industry to higher standards of good conduct. Anyone who cares about corporate culture, regardless of whether you’re in the banking sector or not, should give his comments a…
Read MoreWhy Corporate Culture Is So Maddening a Challenge
I don’t know that corporations will ever “solve” the predicament of building and maintaining an ethical corporate culture—but an excellent new report from the International Corporate Governance Network at least sheds more light on how intractable the problem is. The report summarizes a recent roundtable the ICGN held with the Institute of Business Ethics and…
Read MoreSEC Nails Activision on Culture Oversight
Activision-Blizzard has agreed to pay $35 million to settle charges from the Securities and Exchange Commission that the company didn’t have adequate processes to warn investors about its poor corporate culture. The company also settled charges that it violated whistleblower protection rules. The settlement was announced Friday morning, and I fear that this case may…
Read MoreEthisphere’s Latest Ethical Culture Survey
Ethisphere has released its latest report on employees’ perceptions of ethical culture, finding that those perceptions generally improved throughout the pandemic, although we have a few troubling patterns with young workers worth pondering. Generation Z workers, the report found, are the least likely demographic to report bad behavior. At the same time, however, Gen Z…
Read MoreOn Boards, Disclosures, and Corporate Ethics
The Securities and Exchange Commission dropped a subtle hint this week about its latest expectations for corporate boards and what they disclose to investors. Corporate governance professionals might want to take a look, since I suspect we’ll be hearing more on this issue in the future. The case involves McDonalds and its former CEO, Stephen…
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