Baroness Bowles of Berkhamsted

Reflections on corporate governance

‘Yet it is dependency on numerical measures for everything that caused reliance on ratings, built supply chains with little or lost liability and made a culture that can’t see beyond transactions – where risk is not something to be understood, just something to hedge.’

Judith Nicol

Effective board culture

‘In many [corporate governance failures] the ensuing investigations revealed that the corporation’s problems were not simply due to breakdowns in governance processes. Instead, they were symptoms of more deep-seated issues related to culture and dysfunctional dynamics in the boardroom which then contaminated the wider organisation.’