Developing Cultural Capital Board Level Impact
By Nagaraja Kumar Deevi
A featured article of our April 2020 edition of PRMIA's Intelligent Risk quarterly newsletter
Building Cultural Capital is an evolving challenge across the Industries, not just a Banking and Financial Services Industry issue. In the recent months, financial services regulatory agencies in the US and UK are leading the effort in addressing the challenges. Cultural Capital, unlike Financial Capital, Economic Capital, Regulatory Capital, and Liquidity Capital can’t be measured in financial numbers, income, or net worth. Cultural Capital, on the other hand, deals with human capital that includes behavioral aspects, skills and knowledge of employees rather than the product and design lifecycle methodologies, revenue and growth forecasting models, that run against large population of data.
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