Summary

Family Business Stewardship is the synergy resulting from Tomorrow’s Company’s understanding of stewardship and the Institute for Family Business’ expertise in family-controlled firms. Both organisations explored what the stewardship principles mean for family businesses, what challenges and opportunities they face and what they need to do to become better stewards. The reports sets out a model of family business stewardship based on four types of capital (see below) and is supported by case studies. We also promote an agenda for stewardship in a family business to help leaders consider the extent to which they act as good steward and identify areas for change.

The report was launched during the IFB’s National Conference in Liverpool. Building on this event the Times’ supplement, the Raconteur [linked here] dated 9 June 2011, compiled the stories of successful and less successful family businesses and how good stewardship and leadership could help them strengthen their business. Grant Gordon, general director of the IFB, and Mark Goyder, founder director of Tomorrow’s Company, contributed to the supplement by presenting the importance of family business stewardship.

Download a copy of the Family Business Stewardship report here.

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posted by Admin  on June 27, 2011
So the summer of stewardship is under way. We have launched our new report ‘Why Stewardship Matters’ which shows how the ordinary person can start to insist on stewardship from the people who supply financial services.
     

Issue(s): Family Business Stewardship , Tomorrow's Stewardship , Why Stewardship Matters
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posted by Admin  on June 20, 2011
In 2008 Tomorrows Company published “Tomorrow’s Owners – stewardship of Tomorrow’s Company”. This was a review of the principles of good ownership from private equity and family business to institutional investment in listed companies. The report concluded that shareholders had four roles – being a member, a provider of finance, a trader of shares and a steward, but that in listed companies it was this fourth role that was being neglected. The publication of this report coincided with the failure of the banks in October 2008. Sir David Walker picked up the theme of stewardship in his 2009 report for the UK government on the governance of banks and other financial institutions. Here we set out Tomorrow’s Company’s definition of stewardship and the four principles that make up effective stewardship.    
     

Issue(s): Family Business Stewardship

Tag(s): Family Business , Family Business Stewardship , Principles , Stewardship , Stewardship Principles , Why Stewardship Matters
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posted by David  on July 18, 2011
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. 
     

Issue(s): Redefining Success - beyond accounting , Embedding Values , How to be a Force for Good company , What is a Force for Good company? , Tomorrow's Global Talent , Corporate Social Responsibility , Sustainability , Global Financial Crisis , Responsible Investment , Tomorrow's Owners , Tomorrow's Value Lecture Series , Tomorrow's Adaptive Organisation , Family Business Stewardship , Tomorrow's Stewardship , Why Stewardship Matters , Stewardship Campaign

Region(s): North America , Central America , South America , Caribbean , West Europe , Africa , East Europe & Former Soviet Union , Middle East , South Asia , East Asia , Southeast Asia , Australia and South Pacific

Tag(s): Leadership , Stewardship , Trust , Values
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posted by Admin  on June 20, 2011
Mark Goyder is the Founder Director Tomorrow’s Company, the business-led think and do tank, and co-author of the Family Business Stewardship report. In this article, first printed in the Raconteur supplement of The Times and in association with the Institute for Family Business, Mark discusses the role of stewardship as well as setting out the four major principles that underpin family business stewardship.
     

Issue(s): Family Business Stewardship

Tag(s): family business , IFB , raconteur , stewardship , The Times

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