Spencer Stuart: How Corporate Culture Drives Success
A recent article by Spencer Stuart finds that over the past decade, corporate boards have seen the need to improve their oversight of critical levers of business performance such as strategy, risk, major transactions, succession planning and executive compensation. One aspect of performance that rarely receives oversight is culture. A company’s culture can make or break the innovation, growth, ethical behavior and customer satisfaction.
A company often overlooks culture for several reasons:
- Lack of board ownership
- Lack of board visibility into the culture
- Lack of defined board role
- Lack of a shared vocabulary
Boards are the gatekeepers to successful business performance. Boards can help foster a successful corporate culture by placing it on the board’s agenda and asking the right questions.
The full article is published on Spencer Stuart’s website. Read the full report.