Episode 40 — How to Conduct a Corporate Culture Assessment
Research has consistently demonstrated that an ethical corporate culture results in increased profits and sustainable growth. Companies with a positive culture have lower rates of employee misconduct, increased employee productivity, and lower employee turnover. All of these factors lead to higher growth rates, improved employee morale, and a reduced risk of misconduct and government investigation. This basic premise holds true: when ethical values are embedded in a company’s culture, respected in the company’s day-to-day operations and decision-making, and reflected in the trust among managers and employees, the company’s financial performance improves.
While the value of a strong corporate culture is clear, a positive corporate culture does not always develop organically. Companies have to devote attention to measure, manage, and promote an ethical culture. Culture is a critical element of a compliance program and should be managed as such.
In this episode, Michael Volkov discusses how to conduct a corporate culture assessment.
This episode is sponsored by Tom Fox, who has just released the definitive compliance handbook — The Complete Compliance Handbook.
If interested in purchasing Tom’s new book, you can order it from Amazon.com at HERE.
Alternatively, if you would like an autographed copy, you can order it HERE.