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 […]
The Maturity Institute’s OMINDEX® ESG standard generates the base measure for its ‘Total Stakeholder Value’ metric. With its 32-factors, it provides boards and c-suites with a foundational, whole diagnostic system for the management and creation of value; for shareholders and all other societal stakeholders, without trade off. What is your company’s management system? It’s a […]
The Financial Times has been grappling with questions of corporate responsibility for some time now and the advent of ESG investing has forced it to produce its own version of what “Responsible Business Education” should look like. Here are a few choice quotes: “The term the professor used was ‘frame-breaking change’. And what I saw […]
Our guide to responsible management ‘The Mature Corporation – a Model of Responsible Capitalism’ is now available in paperback. The Mature Corporation is the guide we use to teach our global OMINDEX® organisational health diagnostic standard. It is a book with an alternative economic “Theory of the firm” – where profit maximisation is replaced by […]
There is a fundamental problem in the use of the word “sustainability” as it is being applied to corporate reporting: there are two, vastly different, issues at play. For many adherents to the concept, sustainability is about the evolution of corporate accountability and reporting. They also recognise that sustainability and corporate social responsibility (CSR) both […]
“…. the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis.” “Virus lays bare the frailty of the social contract – Radical reforms are required to forge a society that will work for all” FT Editorial Board, 3 April 2020 Coronavirus exit strategies can pave […]
Richard Walker, MD of Iceland Foods, was fast out of the blocks on Covid-19: understanding that the most vulnerable of his company’s customer base needed help and being quick to provide it. By setting aside specific time for elderly and disabled customers to get essential supplies, he granted them exclusive access to Iceland’s products, and […]
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 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, […]
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 […]