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Inside Internal Controls

News and discussion on implementing risk management

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company culture

Name is psychological safety but my friends call me culture

psychological safety

Psychological safety refers to the climate in which people operate, think and speak. A psychologically safe climate is one in which people feel comfortable being themselves and expressing themselves without the fear of retribution. This concept is directly applicable to the group dynamics of teams trying to spitball the next big thing; however, when we expand this view to our largest corporate group, the employee base, we start to see a lot of overlap with a true speak-up culture.

 

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High-profile sexual harassment claims show a toxic culture can be a product defect

The rapid demise of the Weinstein Co., once one of the most successful movie studios in Hollywood, should have every CEO wondering: What skeletons does my organization have in the closet? And how could they destroy the value of my company’s brands, or the company itself?

 

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20 questions to ask when prioritizing your policy development efforts

Having too many policies can burden your organization, but having too few exposes it to unnecessary risk. That means we need to prioritize which policies we will develop (or revise) first.

 

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Corporate social responsibility: Following through on sustainable business initiatives

Sustainability has become a buzzword since sustainability as a practice is a relatively new initiative. From corporate social responsibility, to ‘green’ workplaces, to unethical ‘greenwashing’, it seems as though everyone is trying to get a piece of the eco-friendly pie. In the business world, sustainability is referred to as the ‘triple bottom line’, as organizations consider the environment an important stakeholder.

 

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