DISCUSSION Private equity: Corporate Culture and the Role of Boards

by Yolanda Villafuerte _______25th July 2016
Share

The Financial Reporting Council (“FRC”) has published the results of its study on the relationship between corporate culture and long-term business success in the UK.   The report explores the importance of culture to long-term value and how corporate cultures are being defined, embedded and monitored. It also sets out the FRC’s observations on the key elements which boards should be considering in order to create a culture that delivers sustainable good performance. The report is based on the findings of a research project conducted by the FRC in collaboration with a number of partners (including the City Values Forum, the Institute of Business Ethics, the Chartered Institute of Management Accountants, the Chartered Institute of Personnel and Development and the Chartered Institute of Internal Auditors.  Each of the FRC’s partners in the collaboration have also published separate reports which focus on particular aspects of the culture project, including stakeholder engagement (by the IBE), embedding and assurance (by the IIA), business models (by the CIMA), people issues (by the CIPD) and board leadership in purpose, values and culture (by the City Values Forum working with Tomorrow’s Company).

Read the full article here.

 

To improve public procurement – use the Trust Test

Public procurement is too often solely made on price, and not enough on true value and to account for areas...

Serving All? How can employers support financial inclusion?

In January 2020, Tomorrow's Company co-hosted a major Financial Inclusion Summit, to launch our report into the role of employers...

Five ways businesses can think differently about mental health

Mental health in the workplace has gone from a fringe idea to being mainstream and top of the agenda in…

How can we #BalanceforBetter? By celebrating being good enough

Too often gender balance only celebrates women who have broken the glass ceiling. We need to do better for everyone...

Our favourite stories this week January 1-6 2019

Dear Readers, Here are a few articles published in the last few days that address issues – such as mental…

Featured Voice: Helen Buhaenko

We need a social contract that is fair, so that everyone has the chance to progress.

csuite podcast #76 – How connected brands drive growth

Joining Russell Goldsmith at the London offices of GSK to discuss this issue, were Kerry O'Callaghan, VP for Global Brand...

csuite podcast #75 – Social Mobility Live, 2018

Tomorrow’s Company is proud to announce a partnership with the c suite podcast, a monthly show covering topics such as Marketing…