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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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.

Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the April 2020 edition with the public. Get more articles like this by joining PRMIA today.

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