Corporate Culture - Under Attack after the Barclays Scandal

The scandals of LIBOR fixing and mis-selling afflicting Barclays has brought the concept of corporate culture to the forefront of media coverage of business. I’m sure this will be a fruitful source of exam questions in the coming years as students are encouraged to consider the role business culture plays in business activities that are proved to be illegal or considered unethical.

This excellent short video from the FT has some useful insights into the specific issues raised by the Barclays scandal and also considers some broader issues about how positive corporate culture can be encouraged. Some really interesting points made about cultural values that firms have and also about how to identify what the prevailing culture is.