Follow us on

OTHER CG PROGRAMMES

Program overview

Enron’s Skilling is sentenced to 24 years.
New York Times. October 24, 2006

Goldman banker pleads guilty in massive embezzlement scandal.
CourtHouseNews.com. November 1, 2018

More CEO’s were forced out for ethical lapses in 2018 than poor financial performance.
Washington Post. May 15, 2019

Theranos founder Elizabeth Holmes faces jail time for fraud charges. Her trial is set to begin in summer 2020.
Business Insider. June 28, 2019

FTC hits Facebook with $5 billion fine and new privacy checks: The largest penalty ever levied against a tech company.
The Verge. July 24, 2019

‘A Few Dirty Tricks’: Documents Show Audi’s Role in the Volkswagen Emissions Scandal.
New York Times. July 26, 2019

Headlines such as these have been appearing with increasing regularity over the years. The scariest part is this: the people behind these headlines who either bring their companies down and/or end up in prison, don’t come from notorious crime families of the underworld; they are ordinary people like you and us. Board of Directors or Senior Management teams don’t deliberately plan to destroy their companies; yet headlines like these are ever so common.

And what is the typical response when white-collar crime or other bad behavior occurs? More regulation, more controls… we are sure you’ve seen this ‘movie’ several times! While rigorous compliance is important, are increased controls alone enough to prevent misconduct or wrongdoing? Research varies depending on who you ask. Some findings suggest that more controls actually increases fraudulent behavior; others argue that there is no positive correlation between increased regulation and fraud prevention; while still others point to increased (harsher) regulation as the only answer to prevent fraud. The one thing all researchers seem to agree on is the response – that stricter regulations and controls usually follow incidences of bad behavior.

What about the company in which you are a director or C-suite leader? Is it on the path of sustainable value creation or self-destruction? And as one individual within an increasingly complex web of commerce, how do you even find out before it is too late? The answer lies in understanding and proactively addressing the root cause of the problem

So, what is the single biggest cause of such behavior and headlines? Bad corporate culture. In today’s digital economy, much of prevention really comes down to culture. Intangibles such as culture, leadership and talent form anywhere from 65-85%* of a company’s valuation at any given time. Yet, as per our latest research, Board of Directors spend only 5% of their time (if at all) on shaping and monitoring culture. Instead of shaping culture, they rely almost solely on rules and regulations to govern and manage risk, which inadvertently ends up stifling creativity and growth.

This one-day programme addresses how Boards and Senior Management teams can pro-actively shape and nurture cultures that position companies towards sustainable growth while preventing unintentional value destruction. Giants (both in terms of size and reputation) such as GE and Boeing are down on their knees today – Why? How? What could their directors and senior leaders have done differently? Were there any early warning signals that they failed to read?

PROGRAMME OVERVIEW

As a result of attending this program, participants will be better able to:

  1. Articulate the most common causes of value destruction in companies
  2. Measure the vital markers of health of the enterprise from the perspectives of intangible value*
  3. Shape company culture for sustainable and ethical growth
  4. Maximize performance and safeguards while minimizing control

This programme is a must for directors and C-suite leaders who wish to understand and successfully manage both: the constructive and destructive power of corporate culture.

Culture-Proofing Organisations in the Digital Era
12
Nov 2019
Programme Fee
RM2,120

Faculty

Rajeev Peshawaria

CEO of the Iclif Leadership and Governance Centre, author of the Wall Street Journal and Amazon best seller Open Source…

View Profile

Talk to Us

Max 1,200 characters
*Mandatory fields

If you need to speak to someone about this, please contact:

X