2018 Benchmarks on Board Oversight of Corporate Culture
In brief: Board oversight of corporate culture is a key board responsibility, as culture is inextricably linked to strategy, CEO selection, and risk oversight. Numerous high-profile corporate scandals have highlighted the importance of reinforcing an ethical and compliant culture and ensuring the board has a pulse on the culture at all levels of the organization. This brief report highlights select findings about current practices related to board oversight of corporate culture among public companies, drawn from the 2018 –2019 NACD Public Company Governance Survey.
This resource can help your board
- Benchmark its understanding of corporate culture at each level of the organization
- Review practices the board uses to assess the organization’s culture
- Improve data collection on company culture
Most relevant audiences: nominating and governance committee members, compensation committee members, CEOs, and chief human resource officers