Belated, very belated it seems, boards of directors are waking up to the fact that culture matters, especially to the extent that it impacts the bottom line. In a recent interview, Uber board member Arianna Huffington said, “We are recognizing that what’s happening in the culture has direct consequences to the bottom line” and gave several different examples of where she believed that a negative and even toxic culture had negatively impacted the company.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...