Disruptions to businesses and their supply-chains, triggered by the Covid pandemic and now geopolitics, have placed a premium on firms’ ability to achieve and demonstrate ‘resiliency.’ This includes the resiliency that is contingent upon firm culture and human capital management, for which new formal disclosure requirements are being established.
Observations
Nov 30, 2023In a recent report, Fidelity International identifies workplace misconduct as a financial risk with systemic implications. The report coins the term 'culture-based financial risks' to define how culture can pose risks for investors and impact shareholder value.
Observations
Sep 14, 2023Banking sector regulators have taken to emphasizing the importance of culture to the conduct among firms, and the outcomes that result. In many instances, such outcomes have represented consumer harms and risks to financial stability. Now, so-called “neo-banks” and other fintech firms are facing scrutiny akin to that experienced by the entrenched incumbents they hope to disrupt.
