Company culture: Neglected in the boardroom?
Directors at today's companies have a different set of priorities than in years past. They have to encourage progress in a host of different areas, navigating through an innovation-driven corporate world.
According to Board Agenda, directors are coming to grips with the effects of corporate culture, the unique traits and attitudes that define their organizations. (Nov. 6, Hinks) While boards realize the value of setting a productive culture, they aren't consistently taking a hands-on approach to this category of management.
When it comes to actually setting aside time to discuss and affect corporate culture, many boards haven't given this idea the attention it deserves. Over one-fourth of executives surveyed say they haven't given time and focus to aligning strategy and purpose with culture. Approximately one-fourth more acknowledged that while they are working toward greater unity between those three concepts, gaps still exist.
Boards are important elements of culture change within their organizations due to the strong effect executive actions have on employee perception. When it comes to setting out what a company does and how it performs in a day-to-day capacity, workers of all levels look to the top for guidance – this includes the members of the board.
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