Ethics, Culture, and Compliance Forum Summary of Themes

Board and committee effectiveness, Board risk oversight

Ethics, Culture, and Compliance Forum, August 2021

Ethical culture is critical to the performance and reputation of every business, and boards are ultimately accountable for the cultures of the companies they oversee. Yet culture remains elusive and there is no universal framework or approach to board oversight of these issues. Directors and senior executives who gathered for the 2021 Ethics, Culture, and Compliance Forum Summit emphasized that fulfilling the board’s responsibility to asses, monitor, and shape culture requires more than tools such as rules, procedures, and programs. It requires an intentional commitment to devote significant time, attention, and resources to these issues.