Showing results by theme : Tomorrow's Corporate Governance

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India – the land of opportunity & opportunity for cooperation
posted by John Knights  on November 11, 2011

I have just returned from Mumbai after an inspiring week meeting with senior business leaders at a conference on "Success through Corporate Sustainability".
The conference, held on 2-3 Nov 2011, was organised by Tomorrow's Company and CIMA (Chartered Institute of Management Accountants), and hosted by Tata, that most respected of Indian companies that is now also the largest industrial manufacturer in the UK.
Thanks especially to Tony Manwaring, Anant Nadkarni and Charles Tilley for inviting and involving me.
In contrast to the UK, Europe and the US, India is optimistic and there is a real buzz where their business people see a huge opportunity for growth. What is most noteworthy though amongst the business people I met is the importance they are putting on "the community". They understand that sustainable growth in India depends on them sorting out the problems of the community where they are active.
The second contrast with the West is that they feel it is totally natural to discuss spirituality in the context of business. With India’s increasingly well-educated executives, the English language, the openness of their society and their democracy they are going to become a real global power during the 21st century but probably with more serenity and humility than we would expect.
They have problems of course; the government is extremely bureaucratic, there is a plenty of corruption (especially around land issues), they have hundreds of millions of people below the poverty line, and their population will continue to grow throughout most of the 21st century, though at a reducing rate. But one gets a sense that the optimism and transparency of their business leaders will overcome these problems over time. I do hope so because I believe the Indian culture at its best has a lot to offer the world.
I was there to launch a publication “The Invisible Elephant and the Pyramid Treasure” which was sponsored by Tata, CIMA and Tomorrow’s Company and which describes LeaderShape’s “Development Journey to Transpersonal Leadership”. You can obtain a free copy of the publication at http://bit.ly/LSele . The UK version will be launched at a TC / CIMA event in January 2012.
John Knights

 


Organisational cultures are no accident - create one, or it will be established by default
posted by Tony Manwaring  on October 4, 2011

'UBS $2bn rogue trader shock' proclaimed last week's headlines, the reverberations will be felt for some time to come.  It's really hard to comment on the specifics without knowing much more, but it certainly gets you thinking: about the impact of behaviours and cultures, the costs and benefits of getting these right, and therefore the potential value of a respected, high performing HR function, operating at the heart of business performance, leadership and governance.
There is real comfort that UBS has a strong balance sheet so the systemic impact from this incident, however mind boggling the numbers, will surely not be same as other recent examples in the financial sector.


Common Sense: The Dark Matter of the Law
posted by Nick Gould  on November 23, 2010

As part of my research for a seminar in which I was involved during the summer, I asked the owners of about 40 small and medium sized companies, as well as a couple of private multinational trading groups and smaller quoted companies, how much they knew about corporate governance and more particularly directors' duties, as set out in the Companies Act 2006.


The Risk of "Making Money"
posted by Bill Sharon  on October 24, 2010

Those of us who are involved in this new profession called risk management are in a lot of trouble.


Shareholder value - moderation in all things
posted by David Phillips  on September 28, 2010

I recently had the pleasure of listening to Stephen Green's lecture at the Mansion House here in London.  The lecture was the first in a series of lectures on ‘Tomorrow’s Value’ and Stephen spoke on the link between 'values and value'.
 
As the chairman of HSBC he is in a unique position to talk on the subject given the impact of the credit crunch on society and the central role the banking sector plays in our long term prosperity.

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