Video: Institute of Directors in Ireland releases ‘Ireland’s Corporate Culture 2018’ Report

Business, Partner Content | Wed 12 Sep | Author – Business & Finance
 Maura Quinn, CEO, Institute of Directors in Ireland

Institute of Directors in Ireland’s (IoD) CEO Maura Quinn speaks exclusively to Business & Finance about their latest report into corporate culture

PARTNER CONTENT IN ASSOCIATION WITH INSTITUTE OF DIRECTORS IN IRELAND

Ireland’s Corporate Culture 2018 report

Commissioned by IoD and conducted by Amárach Research, Ireland’s Corporate Culture 2018 report takes an in-depth look to provide a barometer of the importance and status of culture in Ireland’s boardrooms today.

 

Board culture – the statistics

According to the report, which looks at the meaning and prominence of culture from the board’s point of view, culture is the second most important issue for boards (28%) after strategy and oversight (50%).  59% of respondents said their board culture is informal or inferred rather than defined.  37% of respondents considered transparency and openness to be the most important contributing factor to a healthy board culture.

Looking ahead – the culture of the future

The report shows that most organisations (82%) have developed, or started to develop, clearly detailed statements on their values, vision, mission and strategy.  Over half of respondents (52%) said that integrity and ethical behaviour are the core values of their organisation.  Interestingly, 50% of respondents say the board is responsible for setting culture, but only 16% hold the board accountable for the same.

To find out more about the IoD’s Ireland’s Corporate Culture 2018 report, head over to the website here.