Are your values valued?
Is your team living the company's values?
If not, that's the 'new normal', and it's not good. Once behaving in contradictory ways becomes accepted, you're well on your way to a toxic culture.
Recommitting to values - or writing them down for the first time - is far from enough to pull the company away from the abyss. Get the right start, do the right work, achieve the right change.