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Tomorrow's Company has played an important and leading role in developing the argument for stewardship, and in so doing has helped to create the conditions which have led to the establishment of the Stewardship Code in the UK.   We are now building on this impact, to establish a new momentum for stewardship and understanding of what this means in practice - by tackling both the demand side (setting out  'Why Stewardship Matters' and developing toolkits to help each participant in the system to be more effective in their pursuit of stewardship) and the supply side (working with fund managers, investment consultants and FRC to develop the “stewardship spectrum” and establishing criteria through which excellence in stewardship might be identified and rewarded in the market). Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 DefSemiHidden="true" DefQFormat="false"...

 The 2007-2009 financial crisis was a perfect "black swan" event: unexpected, a rarity, with broad and deep impacts; and, with the benefit of hindsight, it was also retrospectively rationalised by many "experts". We got it all "sensationally" wrong: bankers (like myself), policy-makers, supervisors, auditors, research analysts, economists, civil society itself. And even as the crisis was unfolding, many initially did not consider its seriousness. We saw dangers of shocks, but underestimated the confluence and impact thereof.  

Tomorrow’s Company is currently developing a stewardship scorecard to apply to all company boards and shareholders. This is in response to the widespread concern that too many companies – including our banks – failed because of an absence of shareholder engagement and risk management by the directors.As part of this we have developed and applied our own Premiership Stewardship scorecard for clubs currently in the Premiership which you can see in this article.

In 1944, FD Roosevelt proposed a new Bill of Rights.  Due to his untimely death it was never progressed.  Perhaps it is time to pick up his ideas once again. 

Press Release.- Washington, DC – December  4, 2009 – Ethical Markets Media (USA and Brazil) and The Climate Prosperity Alliance today launched their Global Climate Prosperity Scoreboard® which tracks private investment in companies growing the green economy globally.  This new, never before reported number, showing $1,248,740,645,993.00 (over $1.248 trillion) in total investment since 2007, indicates how investors and entrepreneurs are leading governments in promoting sustainable growth.  The scoreboard totals investments in solar, wind, geothermal, ocean/hydro, energy efficiency and storage, and agriculture.  We purposefully omitted nuclear, "clean coal," carbon capture and sequestration, and biofuels.  We indicate which investments have been publically announced and committed by major companies for 2010 and beyond.