Cracking the Corporate Culture Conundrum

The UK Financial Reporting Council (FRC) has just released its much-anticipated report – Corporate Culture and the Role of Boards. Described by the FT as ‘good stuff’, it is a valuable summary of a year-long project capturing the views of market practitioners on the ‘increasing importance which corporate culture plays in delivering long-term business and economic success’. In the Foreword, the Chair of the FRC, Sir Win Bischoff, states that ‘strong governance underpins a healthy culture’, which ‘both protects and generates value’.