Press Release: The Maturity Institute calls for the redefinition of corporate purpose using Total Stakeholder Value


London, 5 October 2017
: The Maturity Institute (MI) today invites recognition for redefining corporate purpose using MI’s Total
Stakeholder Value (TSV) and OM30 Measurement of Organisational Effectiveness.

Paul Kearns, MI Chair said: “Our invitation has been sent to a wide range of business, professional and regulatory stakeholder groups to invite formal recognition and adoption of our principles and multi-disciplinary framework. Together, these form a new model of inclusive capitalism that demands a whole system approach to organizational leadership and management; with much greater emphasis on human governance, corporate culture and human capital.

“The OM30 measurement of Total Stakeholder Value is a valuable measure of the criteria that are most likely to deliver sustainable wealth creation. Ultimately, this wealth creation is what drives good outcomes for the providers of capital and for the economy and society.” Daniel Godfrey (Founder, Peoples Trust and former Chief Executive, Investment Association)

“The OM30 provides a sharp reflection on the extent the corporation is true to its purpose. It is an invaluable tool for boards and executives who wish to take a critical look at, and improve, their corporation’s management in order to connect societal value and lasting economic success. Both OM30 and TSV are also complementary indicators to assess governance and cultural risk; and provide a framework to integrate into regulations and drive healthy cultures” Filip Gregor (Head of Responsible Companies, Frank Bold, and Lead, Purpose of the Corporation Project)

See link here for document of MI’s full communique and for more information contact stuart.woollard@omservices.org

ENDS

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