The Governance of Corporate Culture

Abstract

A company’s existence (the values, how we act and what we tolerate) is called ‘corporate culture’ and the one thing that can actively influence the bottom line is how the corporate culture is defined or curated. Corporate culture can be shared values, attitudes, operating standards and believes that characterise members for an organisation and define its nature. Corporate culture is rooted in an organisational goals, strategies, structures, and approaches to labour. This is not often considered because the benefits and/or disadvantages are often non-financial i.e. the loss of talented staff, team members that are not client centric etc. However, this can be managed through having good corporate governance practices.