Changing Board Culture

Gerry Brown () and Randall S. Peterson ()
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Randall S. Peterson: London Business School

Chapter 11 in Disaster in the Boardroom, 2022, pp 161-181 from Springer

Abstract: Abstract Reforming board culture is essential if we are to see improvements in corporate governance and board performance. There are high-quality codes of conduct that have been really developed in the last thirty years, but insufficient attention paid to boardroom culture. We define culture as the unwritten rules that influence director interactions and decisions. We outline the different strategies for changing board culture and how to practically manage the change and achieve a truly effective boardroom culture. Part of this is how to spot problems before they occur and some of the questions which boards of directors need to ask themselves. Another critical issue is the role of the independent directors in making the right contributions to promote positive boardroom behaviour.

Keywords: Codes of conduct; Culture; Government bailout; Corporate governance; Board performance (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-91658-9_11

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DOI: 10.1007/978-3-030-91658-9_11

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