How Can a Corporate (Compliance) Culture Be Described and Effectively Measured?

Lucie Andreisova

Business and Management Studies, 2018, vol. 4, issue 3, 52-57

Abstract: In July 2016, the FRC published a report on corporate culture and the role of boards (see below). This report serves as an important complement to respective provisions of UK Corporate Governance Code ¨C a code which is perceived as a best practice manual for building and maintaining a good level of corporate governance and is therefore adapted by many European lawmakers and regulators. This regulation puts an enhanced emphasis on ¡®corporate (compliance) culture¡¯ as it, among others, states that: ¡®Boards should devote sufficient resource to evaluating culture and consider how they report on it.¡¯ What shall, however, be understood by this term? How can such a term be defined, measured and reported on? The aim of the presented discussion paper is to help answering those theoretical questions, as well as to propose a reliable ¡®culture measurement tool¡¯ which could be effectively used in nowadays business practice.

Keywords: compliance program; corporate (compliance) culture; corporate governance (search for similar items in EconPapers)
Date: 2018
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