“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 […]
A seminal discourse from Saker Nusseibeh, CEO, Hermes Investment Management The relationship between business and society is the focus of a recent interview (June 2019) between Saker Nusseibeh, CEO of Hermes Investment Management and Ioannis Ioannou of London Business School. In particular, Nusseibeh explains the crucial importance of integrating ESG factors (environment, social, governance) into […]
This article by John Mansfield, MI’s Global Lead on remuneration, first appeared on South Africa’s ‘Business Day’ The debate over the merits of short-termism versus long-termism has raged for many years but has now finally been put to bed. A 15-year longitudinal study by McKinsey (yes the same one) from 2001-15 involving 651 non-financial US […]
This article by John Mansfield, MI’s Global Lead on remuneration, first appeared on South Africa’s ‘Business Day’ Let’s not blame directors for not fulfilling their fiduciary duties and causing corporate failure. It’s not really their fault; they’re simply playing by the rules. Our directors and managers live by a shareholder-centric governance model that forces them […]
After checking in this morning, at the NHS community practice where I had an appointment with my GP, I found myself looking at this banner; informing me that the practice was thanking its patients for voting it as the No.1 in Bristol. As a naturally sceptical and innately critical business analyst (and organizational maturity rater) […]
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Dr. Jeanette Garwood (D.Phil.) now works as a freelance behavioural scientist, and psychology advisor. Having been a psychology researcher, and an academic, since 1986, she moved from university lecturing, to applying psychology in the workplace, via an Organizational Psychology MSc. in 2016. She now accepts commissions across a variety of domains. She began her professional […]
Following the publication of the Maturity Institute’s recent report on the Big 4 accounting firms (see The Accountant’s review), MI sent an open letter to the senior partners, asking them to justify their current business models in terms of Total Stakeholder Value (TSV) or to adopt and integrate it as their primary purpose. Our analysis […]
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 […]
Ten years after the crash of 2008, banks today might be more solvent but we still cannot trust them. Their underlying culture, where profit conflicts with societal value, has not changed. They persist in trying to justify their profit-driven behaviour with a wilful misinterpretation of the words of a Nobel prize winning economist from nearly […]
There is no easy or gentle way to say this. There are some good people who are members of SHRM but the facts, and SHRM’s own evidence, clearly indicate that not one of its 285,000 members is certified to a professional standard. Here are the facts. Fact 1. SHRM appointed its first Director of HR […]