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15 Cards in this Set

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2018 UKCGCode & Culture

Principle B


Board should promote desired culture

Levels of culture according to Hofstede


National


Regional or ethnicity


Gender


Generational


Organisational

Culture according to Handy

The way things are done around her

Schein’s 10 categories of culture


Group norms


Espoused Values


Formal philosophy


Rules of the game


Climate


Embedded skills


Habits of thinking


Shared meanings


Root metaphors


Formal rituals and celebrations



Schein’s 10 categories of culture


Group norms


Espoused Values


Formal philosophy


Rules of the game


Climate


Embedded skills


Habits of thinking


Shared meanings


Root metaphors


Formal rituals and celebrations



Schein’s 3 levels

Artefacts


Values


Hidden assumptions

FRC on healthy culture

Honesty


Openness


Respect


Recognition


Acceptance of challenge


Accountability


Shared purpose

Dulewicz report on things that go wrong in boardrooms

Dominant personalities


Not enough time to discuss issues


Board not read papers


Information not well presented to board

Bedrock culture model

Orchestra - collaboration can lead to group think



Consultants - expert individuals- micromanaging


Regulatory agency - compliance focus, lack strategy


Lone rangers - individuality, challenge traditions, can lead to changes of direction


Pearce and Zahara Power culture

Caretaker low power for board and ceo, legal necessity


Statutory board, low power board, high power CEO,legal necessity rubber stamping


Proactive board, high power board, low power CEO


Participative board- characterised by discussion, can be antagonistic


Nadler’s 5 Board Models

Passive Board - CEO in charge, ratifying decisions


Certifying board - credibility to shareholders


Engaged board -partner to CEO


Intervening Board - common in crisis


Operating Board - deepest level, board makes key decisions , common in early stage start ups when lack of management experience




Stephen Covey


5 character traits

Talk straight


Demonstrate respect


Create transparency


Right wrongs


Show loyalty

Stephen Covey - 5 competence based traits

Deliver results


Get better


Confront reality


Clarify expectations


Practice accountability

Stephen covey - 3 combine character & competence

Listen first


Keep commitments


Extend trust

Tricker’s task v relationships board

Rubber stamp board, largely legal


Country club board, groupthink


Representative board, larger, less cohesion


Professional , effective and high performing


X focus on task


Y focus on relationships




Korn/Ferry - 3 characteristics of good cultures

Quality of chair


Directors having an interest


Increased diversity