In order to develop the appropriate culture a board must define the purposes of the company and what type of behaviours it wishes to promote in order to deliver its business strategy. The culture will be particular to that organisation he said. Companies need to think about how the culture can be maintained even during times of change and stress and how new leaders can be integrated into the culture. Additionally, communicating the culture to shareholders was important to ensure they could have constructive dialogue with the company’s management.
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