Understanding governance and culture

Governance and culture are two essential and important aspects of company monitoring. Effective stewardship of an organisation depends on the company’s board adhering to commonly accepted practices and norms relating to corporate governance principles and practices. The governance of the organisation in turn affects the culture of the organisation. Failures in governance lead to continued lapses in organisational behaviour as was displayed amply through the revelations from the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

This module covers some essential perspectives on corporate governance and culture from an ASA company monitoring perspective. We recommend this video serve as a starting point for your independent study and forays into this vast and complex subject.