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UK FRC: “Align Culture with Purpose, Values & Strategy

UK FRC: “Align Culture with Purpose, Values & Strategy"

by Starling Insights

Starling Insights Editorial Board

Dec 13, 2021

Observations

UK UK FRC Purpose & Belonging Culture & Consequences Regulatory Trends Culture for Regulators Psychological Safety

Companies can strengthen their business models by aligning culture with purpose, values, and strategy, the UK's Financial Reporting Council argues in its recently issued Review of Corporate Governance Reporting report.

Assessment and monitoring of culture is important. Without clear and timely follow-up actions and feedback to workers and other stakeholders, companies may be perceived as "culture washing” — promoting culture change initiatives as a marketing gimmick, without actually driving desired behavior.

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