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Corporate culture


Company culture updates Sign up for myFT Daily Digest to be the first to know about corporate culture news. A bad culture can doom an organization. A voucher strengthens it and sharpens its competitive advantage. However, it is difficult to define culture and measure it even more. Sufficient corporate bosses replicate management guru Peter Drucker’s …

More than 2,500 employees have signed a petition alleging that the company has a “culture that leaves harassment unchallenged.” The company has now brought in the city’s heavyweight law firm, Herbert Smith Freehills, to conduct an independent review of Mr Kelvin which will be presented to a committee of non-executive directors early in the new …

But the scandals are not only a shock to Japanese consumers, they mark Japan’s reputation as a reliable, quality-oriented manufacturer and trading partner. Japanese corporate structures offer some explanation of the events. In most Western companies, employees are hired with a detailed employment contract and only do what is agreed upon in the contract. In …

By 2045, people of color will make up the majority of America’s population. This demographic shift, predicted by the US Census Bureau, is one reason companies are starting to take diversity, inclusion and equity in the workplace more seriously. In American businesses, this has been manifested in part by the proliferation of diversity officers, who …

Olympus leads new battle with whistleblower over alleged illegal payments in China, seven years after former chief executive Michael Woodford was fired for sounding the alarm over $ 1.7 billion accounting fraud . The medical device maker was sued in January by one of its own lawyers, Hiroki Sakakibara, who claimed the company retaliated against …

You don’t have to look too far or far to find examples of organizations and leaders who have fundamentally failed in their due diligence to shareholders, customers and employees. Financial Services Industry Misconduct Revealed by Royal Commission, for example, paints a clear picture of the impact of poor organizational cultures on risk management, compliance, performance …

[Courtesy of Hyundai] SEOUL – In an effort to change its corporate culture, South Korea’s leading automotive group Hyundai is conducting a group-wide survey to gather employee opinions, especially when Chung Mong-koo speeds up the transfer of the company. direction to his only son. Hyundai officials said a two-week email survey of 96,000 employees across …

Large companies tend to have large cultures. And that tends to be great for investors. Factors related to the quality of people and the relationships between them – the corporate culture – are about twice as important as the numbers. However, culture is difficult to measure given its qualitative rather than quantitative nature. It is …

2. BE TRANSPARENT ABOUT THE PROBLEM After major corporate calamities, it is often the demonstration of commitment that matters more than what the company does with the CEO. Focusing on transparency will be the real determinant of success. The German multinational Siemens has witnessed a series of corruption cases dating back more than a century. …

I am fortunate to be able to moderate many interesting group discussions. These are usually health care or investment and sometimes gender issues. But recently I got to participate in a different discussion and it was quite informative. BIOCOM and Slones Partners co-hosted an event titled Culture as Cornerstone: Bay Area Perspective – Activating Senior …