About Board and Fraud

Board and Fraud is a blog that aims to bring a practical approach to issues facing the board of directors and the audit committee specifically in the area of governance, risk management, compliance, and internal audit, with a strong focus on fraud, ethics, and internal controls.

Board Awareness: Culture and Red Flags

Edgar Schein presents culture as a series of assumptions a person makes about the group in which they participate.
Below are some "red flags" that may indicate there is a problem with the culture of the organization.

Culture

Edgar Schein presents culture as a series of assumptions a person makes about the group in which they participate.

Below are some “red flags” that may indicate there is a problem with the culture of the organization.

I am interested in any others, so please add your anonymous thoughts here.

The results will be published soon.

Some Red Flags

  • Inner circles or cliques
  • A pattern of un-remediated errors or weaknesses
  • Tightly controlled meetings (board agendas)
  • Narcissistic or Imperial CEO
  • Weak executive sessions
  • Evaluations of senior leadership that rate each area as “outstanding.”
  • View of the board by senior management (mushrooms, private club, etc.)
  • What others (outsiders) say

Thank you!

Jonathan T. Marks, CPA, CFE

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