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Culture as Governance and the Link with Performance: The Evolving Role of the Corporate Board

The Conference Board of Canada, 45 pages, February 6, 2017
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Why have we been resistant to embracing culture as a strategic corporate priority? This article focuses on culture at the board level and the link with performance.

Document Highlights

Evidence of the relationship between strong culture and strong organizational performance is now incontrovertible. It is forcing many of us out of the darkness into a more progressive reality. The implications for corporate directors are profound. Why have we been—and why do so many of us remain—resistant to embracing culture as a strategic priority?

The focus of Culture as Governance and the Link With Performance: The Evolving Role of the Corporate Board is on culture at the board level and the link with performance. This is being defined as social-based governance. The social environment, or what can be described as culture, can be thought of as an informal system of governance. Importantly, the dynamics involved must be considered in the context of the total organization, as the board is but a subset of the organization.

Reviews

Hemant Sud -  May 4, 2018
 
Rod Dobell -  June 22, 2017
A thoughtful survey that has relevance for boards in the non-profit and charitable sectors as well.  The focus on the informal social mechanisms and the emphasis on 'living the values' seem particularly appropriate.
 
Linda Osachoff -  June 6, 2017
This is an excellent piece and so timely.  We have referenced parts of it to our Board as part of their renewal and governance plan.  So often, particularly in smaller rural communities, boards underestimate their responsibility in leading culture; and also the inevitable link with performance.  We are working our way through the compliance phase, which is mandatory in the financial industry world; are well on our way to strategy, and my entire management team was thrilled to understand the links and the journey to performance.  Thanks for this.
 
Wendy Dean -  May 29, 2017
Speaks to the value of creating a culture that supports change and challenging management to think outside the box.
 
Matthew Jones -  March 31, 2017
 

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