Aligning Corporate Governance and culture: What’s in it for the board?
Held on Wednesday 11 January 2017, Press Club rue Froissart 95, 1000 Brussels
No company would deny the existence of the link between corporate governance and culture of the organisation, as unfortunately highlighted by recent examples of corporate dysfunctions. Some investors believe that the state of corporate culture manifest among those who are responsible for corporate leadership, and are increasingly eager to meet the board and senior management.
The challenge is that there is no single model of corporate culture or governance that works for all, there is “no one size fits all. The good news is, however, that corporate culture - and nurturing a healthy one - is a challenge to everyone, and evidences are building up with examples of culture facilitating better performance and building harmonious teams. Besides, corporate culture is not static: as organisations go through different stages, their culture will inevitably be impacted as well as its fit with the organisations’ goals. When the leadership of an organisation change, this will also impact what happens to the rest of the organisation – tone at the top is identified as one of the most decisive factor on corporate culture. This means that the board is in a strategically important position to start a positive culture change, by aligning it with the long term strategy of the organisation.
ACCA (the Association of Chartered Certified Accountants) and ecoDa held a panel discussion to share best practices and real life examples of how companies successfully achieved a culture change and how it works in reality.
Welcome speech by Turid Elisabeth Solvang, Chair of ecoDa & co-Founder of the Norwegian Institute of Directors
Key note speech Cora van Nieuwenhuizen, MEP
Panel discussion, moderated by Maija Laurila, Head of unit, Company Law, DG JUST, European Commission
- Case study family Business: Matthieu Leclercq, President, Decathlon
- Peter Montagnon, associate director, Institute of Business Ethics
- Will Oulton, Chairman, Eurosif
- Jo Iwasaki, Head of Corporate Governance, ACCA
Concluding remarks by Maija Laurila, Head of unit, corporate governance, DG JUST, European Commission.