Organisation Culture – Warning!
Time for organisation leaders to move the focus on Organisational Culture up the priority list to the top of the pile.
Successful organisation do this as a matter of course.
For those that don’t, there is added impetus to the focus on Organisational Culture with the recently announced warning by Mr Greg Medcraft, the head of the Australia’s corporate watchdog, the Australian Securities and Investment Commission (ASIC).
Mr Medcraft placed Organisational Culture at the centre of ASIC’s activities by warning companies they must foster a positive culture or face “deep dive” investigations by ASIC.
According to Mr Medcraft, “Culture matters, to ASIC, to business and to customers”. He went on to say that “Culture is at the heart of how an organisation and its staff think and behave” and that that “its an issue that companies themselves must address”
Strong words from someone who matters.
Mr Medcraft goes on to say that