Corporate Governance, Corporate Culture and the Board’s Culture
- 03 October 2022
- IESE Center for Corporate Governance, Barcelona
2022 IESE-ECGI Corporate Governance Conference | IESE Business School
Corporate Governance, Corporate Culture and the Board's Culture
Monday, 3 October 2022
09:45 – 19:15 CEST
Aula Magna, North Campus, Arnús i Garí, 3-7
IESE Barcelona, Center for Corporate Governance
About the Event:
The 2022 IESE-ECGI Corporate Governance Conference took place in Barcelona, on October 3, 2022, in person. This Conference discussed the role of corporate culture in corporate governance.
Corporate culture is considered a very relevant driver of the firm’s success. Unfortunately, there is neither widespread agreement on how to unpack the determinants of corporate culture nor on how those factors influence corporate performance. These concerns have awakened a new interest in corporate culture among scholars in the fields of corporate finance, economics, management and leadership, among others. Over the past ten years, relevant new theoretical and empirical work has been developed, with some promising results. Some large institutional investors have recently announced that they expect boards of directors to understand and discuss corporate culture, and promote one that sets the right tone for the organization. Boards should reflect on how to make sure that the firm’s culture supports its strategy. Unfortunately, we still have very few insights on how boards of directors can govern corporate culture.
This 2022 IESE-ECGI Corporate Governance Academic Conference discussed these issues from the specific perspective of the board of directors as the top decision-maker in an organization with a cross-disciplinary approach.
The Conference consisted of five sessions where a distinguished scholar presented a recent paper, followed by a discussant. It also included a session with CEOs and chairpersons of boards who discussed the implications of corporate culture for boards of directors.