Researchers from the London School of Economics developed a method that puts corporate culture under the same scrutiny as profit and loss.
One challenge of culture measurement using surveys is that often, people way what they think you want to hear. You also can’t see what’s happening over time. This practice relies on methodologies developed in the 1980s.
So, can culture be measured? Yes, it can. The more challenging question is whether firms, auditors or investment analysts should take on this task or whether legislators and regulators need to take the lead.
It’s great to see such collaborative efforts between regulators and those in academia, which complement the work that is being done by startups in the RegTech community. Further such collaboration will serve everyone’s interests well.
In case you missed it, Starling was one of the eight firms selected to develop testing plans for regulators to consider and approve. Learn more here.