Episode 327 -- Another Look at the Importance of Corporate Culture

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LRN has issued another important report -- in its latest report, The 2024 Benchmark of Ethical Culture Report, LRN has focused on the critical issue of corporate culture. LRN is a pacesetter and the leader in reliable studies on complex ethics and compliance issues. If not properly promoted or maintained, a defective culture can lead to serious misconduct, government investigation, reputational damage and collateral harm. on the other hand, a positive and effective culture is a company's most valuable intangible asset -- it is See more +
LRN has issued another important report -- in its latest report, The 2024 Benchmark of Ethical Culture Report, LRN has focused on the critical issue of corporate culture. LRN is a pacesetter and the leader in reliable studies on complex ethics and compliance issues. If not properly promoted or maintained, a defective culture can lead to serious misconduct, government investigation, reputational damage and collateral harm. on the other hand, a positive and effective culture is a company's most valuable intangible asset -- it is tied directly to increased financial performance and sustainable growth.

Over the past few years, business leaders have embraced what compliance and governance professionals already knew-- companies with strong ethical cultures outperform other companies with weaker cultures. Employees at ethical companies are more productive, more satisfied, less likely to seek a new job and committed to the company's mission.

In this Episode, Michael Volkov reviews the important, yet again, of corporate culture and the importance of ethics.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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