Are the ‘big four’ accounting and auditing firms the right sort of advocates for Inclusive Capitalism? Do they possess the requisite knowledge and capability to carry out such an important task when their own reporting conventions have been part of the problem?
The Maturity Institute presents its response to EY’s proposal for a new framework:
“EY and Inclusive Capitalism, along with many other observers around the globe, believe a new framework is required if trust in capitalism is to be restored. MI’s maturity framework for re-legitimising capitalism, on the basis of maximising societal value, is already complete and has been utilised by boards, investors and key stakeholders since 2015 with the advent of OMINDEX and the development of a combined measure of business and societal value in Total Stakeholder Value (TSV)”