Part 6 in our continuing series on the implications of ‘BRT’– see parts 1, 2, 3, 4, 5 Critical observers have been monitoring the seismic tremors underneath business education for many years. Now, the high salaries for MBA alumni are even more questionable, since the Business Roundtable shifted the American capitalist paradigm, away from shareholders and quarterly profit figures, […]
It is inevitable that ESG will lead to a new, global system of value management, in time. This new management system is dependent on the right approach and measurement system for the ‘S’. Oxford English Dictionary definition: ‘Social’ – adjective. ‘Relating to society or its organization’ ESG stands for the full range of Environmental, Social […]
The Maturity Institute’s OMINDEX® provides a practical solution to the most wicked management problem facing the world Presumably, the purpose of company law is to ensure that companies behave responsibly? In UK company law, Section 172 of the Companies Act of 2006 is headed ‘Duty to promote the success of the company’ and does its […]
Davos this year coincides with the 50th birthday of the World Economic Forum (WEF). So Gillian Tett, under the FT’s Moral Money series, chose this opportunity to ask its founder, Klaus Schwab, a list of fundamental questions about the relevance of WEF’s annual show. In the face of mounting global problems these questions are increasingly […]
This is Part 7 in our BRT Series – see parts 1, 2, 3, 4, 5, 6 It is a truism that management consultants can only be as good as the organizational context in which they work. This has been recognised for many years; see for example “Leadership and the Organizational Context: Like the Weather?”. […]
Part 5 in our ‘BRT’ series – see parts 1, 2, 3, 4 In Part 3 of this series I explained some of the broader implications stemming from The Business Roundtable’s (BRT) ‘Statement on the Purpose of a Corporation’. Now we need to look in more detail at how it has shifted the ground underneath […]
“There is a climate change component to this…but there’s also a failure of management.” said Michael W. Wara, director, climate and energy policy program at Stanford University Pacific Gas & Electric (PG&E Corporation) came to widespread prominence in the 1990s after the company was found to have contaminated the water supply of local residents in […]
“It’s almost astonishing… (BRT are) in effect coming right out and saying, ‘We’ve been wrong for the last 20 years…some folks in the BRT are recognizing there’s something unsustainable about an economy that’s all about shareholder primacy. … it’s probably good politics on their part in addition to good economics.” Robert Hockett, Professor at Cornell Law […]
Have US CEOs finally shaken off the Friedman doctrine they subscribed to for nearly 50 years? They have certainly taken a bold step to legitimately grant themselves permission to put societal value first. They must, however, determine a common purpose and measure their progress. The Maturity Institute’s OMINDEX rates corporations to determine their Total Stakeholder […]
This is Part 1 in our BRT Series – see parts 2, 3, 4, 5, 6 Monday 19th August 2019 – mark it in your diary. It will forever be remembered as the day the world finally grew up, for the betterment of all humankind. It will be seen, in hindsight, as the day all of us were […]