As Peter Drucker once said: “Culture eats strategy for
breakfast.” Recent high-profile corporate scandals – from Wells
Fargo and Volkswagen to Uber and United Airlines – have
highlighted that corporate culture is an integral part of any
company’s success (or failure) and should be an important item
on every board’s agenda.
The role of an independent director in overseeing corporate
culture is evolving as boards become increasingly engaged and
active stewards of their companies, but the thinking among
directors on this topic is not homogenous. Should the board be
focused on oversight of the CEO and company strategy, or should
it be taking a more active role in driving the organization’s culture?
Hugessen Consulting’s Camille Jovanovic and Steve Chan
sat down with three seasoned directors to get their perspectives
on the board’s role in overseeing corporate culture.
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