The Board of Directors' Role in Ethics, Culture, and Compliance
“Values and ethics are better in the long run for the bottom line. It’s a board’s responsibility as representatives of shareholders and stakeholders to do everything we can to ensure the company has a culture that leads to positive outcomes.” – Fortune 100 Director
Corporate culture plays a critical role in the success, even the survival, of any business. A positive culture of integrity drives business performance, promotes compliance, and fosters ethical outcomes. An unhealthy culture can erode employee morale and degrade firm performance, while widespread misconduct or major compliance failures expose a firm to significant legal liabilities and can destroy its reputation. Boards of directors are acutely aware of the urgency of ethics, compliance, and corporate culture, but acknowledge that these areas are particularly challenging to oversee.
The Ethics, Culture, and Compliance Network (ECCN) explores the roles of values, corporate culture, and ethical decision making in securing a long-term future for businesses. The network provides an ongoing forum for dialogue, a source of unique insights, and a venue for bringing the perspective of the boardroom into the broader conversation around corporate ethics and culture.
The Network is sponsored by LRN, a company committed to fostering principled performance and inspiring, rather than requiring, people to do the right thing.