Tags: Corporate governance, Ethical Values
This Board Briefing sets out why directors need to be actively involved in setting and maintaining a company’s ethical values and suggests some ways to approach it. It aims to help directors define their contribution to the maintenance of sound values and culture.
Setting the right values and culture is integral to a company’s success and its ability to generate value over the longer term.
The challenge for business is how to develop and embed real values. This requires leadership and is a core task for boards.
Many boards acknowledge the importance of a healthy corporate culture, both because of the role this plays in mitigating risk and because of the value to their franchise of a sound reputation.
This Board Briefing sets out why directors need to be actively involved in setting and maintaining a company's ethical values and suggests some ways to approach it. It aims to help directors define their contribution to the maintenance of sound values and culture.