Corporate Culture – Would yours be seen in a bad light?
Culture is the yardstick to measure and assess behaviours and the underlying reason for actions taken, good and bad, especially in today’s world where social media is an effective tool for highlighting and shaming such instances depicting these as moral issues. Regulators are ratcheting up the pressure through a continuing strategy to pre-empt and anticipate misconduct and poor conduct behaviours. The intent is to rebuild trust in financial services through driving the transformation of culture across financial services firms. Any organisation seeking to improve business performance and enhance its ability to manage risks and opportunities should be concerned with culture, ensuring it is demonstrable to all stakeholders and is aligned to the overall corporate values and strategy of the firm.