by Jo Iwasaki for ICAEW
We all know the importance of corporate culture and behaviour in corporate governance. The revised Preface of the 2014 version of the UK Corporate Governance Code talks about the key role that the board plays in establishing culture, values and ethics of the company.
The challenge is that it is very difficult to say, not just in the Code but generally, how these can be achieved. The processes and structures that the Code requires would be only partially effective if the right mind set does not back them up. Read more here.