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Constanze Isabella Hoffend
Former Member
Title
Dr. oec. HSG
Last Name
Hoffend
First name
Constanze Isabella
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PublicationWhy the "Tone at the Top" Matters : Best Practices for Boards of Directors of Multinational Corporations(Stämpfli, 2013)
;Schister, RomanTamò, AureliaThe "tone at the top" is widely recognised as a central pillar of high-quality corporate governance. As the company's "integrity DNA" it can have a significant impact on every aspect of a company's business. It is argued that the tone at the top has a pervasive effect on the reliability of the financial reporting processes, the quality of earnings, as well as operating performance, since all components of an organisation's control system are affected. In addition, an organisation's tone at the top directly influences its public perception and reputation. A positive attitude of the board of directors towards a constructive tone at the top might thus lead to the best long-term interests of the company.