In November 2023, then MAS MD Ravi Menon said that Singapore will assess if it should introduce a new provision in the Code of Corporate Governance to promote good company culture. The new Code is expected to contain enhanced provisions relating corporate culture. Many countries around the world have recognised the importance of corporate culture in managing financial and reputational risks and supporting long-term sustainable value creation.

This workshop discusses the role of the board in setting and monitoring corporate culture, based on regulatory requirements and good practices.

Workshop Objectives:

• Be able to propose policies and practices that help to develop a good corporate culture in an organisation
• Be able to recognise policies and practices that may create a toxic corporate culture
• Understand what information can be useful in monitoring corporate culture
• Recognise indicators of a good and poor corporate culture
• Be able to evaluate the effectiveness of a whistleblowing policy and recommend good practices

Programme Outline

• Corporate culture and its importance
• Factors that influence corporate culture
• Board setting and monitoring of corporate culture
• Key leader character attributes that support the development of a good corporate culture
• Key indicators of a good and poor corporate culture
• Good practices in a whistleblowing policy to support a good corporate culture
• Case studies and examples on good and poor corporate culture and effective and ineffective whistleblowing policies

Training Methodology

Intended For

Board of Directors, Senior Management, Auditors and Company Secretaries

Programme Facilitator(s)