Applying the new corporate code of governance

Giving a hard edge to the softer side of reporting: addressing Culture, Purpose and Employee Communication

Organisational culture, values and purpose are all gaining acceptance as levers of business performance, and are increasingly influencing investment, purchasing and recruitment decisions.

However, despite evidence of the value of employee engagement and culture, there has not been universal commitment and investment by businesses to build capability, processes and links into business strategy. That may, finally, be about to change.

The UK’s Financial Reporting Council (FRC) sets the UK’s Corporate Governance and Stewardship Codes.

In January 2019, the Council revised the Code and placed culture front and centre, introducing new principles that emphasise the role of purpose, values and culture in running financially and socially sustainable companies.

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