Across the Board: Episode 26-Rakhi Kumar on SSGA’s Culture Framework

I recently had the chance to visit with Rakhi Kumar, Senior Managing Director, Head of ESG Investments and Asset Stewardship, at State Street Global Advisors. We discussed the firm’s recent initiative around corporate culture and Board of Director engagement on this issue. State Street Global Advisors recently released a Letter from its President and Chief Executive Officer, Cyrus Taraporevala, in which he called upon corporate Boards to place a greater emphasis on corporate culture, which State Street Global Advisors says is a top asset stewardship engagement priority for the asset manager in 2019. But more than simply laying out the problem around Board’s assessing and monitoring corporate culture, State Street Global Advisors laid out a Framework for Boards to do so with their recently released Aligning Corporate Culture with Long-Term Strategy. We considered this and much more in this podcast. Some of the highlights include: Why should corporations align culture with long term strategy;What is corporate culture? Why is there growing regulatory and investor interest in corporate culture?What is the Board’s role in assessing and monitoring corporate culture?What is a Framework for doing so? For additional reading on my interview with Rakhi Kumar and State Street Global Advisor’sFramework for Aligning Corporate Culture with Long-Term Strategy, see the White Paper, Boards and Corporate Culture: SSGA Framework available through Corporate Compliance Insights.  Learn more about your ad choices. Visit megaphone.fm/adchoices