More and more we are being asked about the role of the Board of Directors in the management of organisational culture – regarding the impact the Board has on culture and how the Board can help shape a desired culture.

Interest in organisational culture right now is very high, not just in Australia and New Zealand, but around the world.

The 2008 global financial crisis opened the world’s eyes to the lack of control systems and the almost cavalier attitude of some financial organisations to the management of risk.

Investigations reported on the ‘attitudes towards risk’ and ‘cultures that reinforced and rewarded quantity over quality’ with little regard for the longer term consequences. The failures of these organisations have highlighted the importance of good governance from the Board in such matters.

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