Summary
Tomorrow's Company has a wealth of experience in looking at the financial markets.  Past publications such as Tomorrow's Global Company and Restoring Trust have set out what a robust financial system would be.
 
Currently Tomorrow's Company is debating how we can get to such a system from the crisis that has enveloped the financial world.  This issue is designed to show the public our line of thinking and includes debate pieces, thought leadership and articles.  We welcome comments from all.

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posted by Admin  on July 21, 2008

A presentation given by Nicola Austin, Marketing Director of Opinion Leader Research, at the Tomorrow's Comany and OLR event, 'CSR in Recession'. In it she looks into consumer values and interest in sustainability and CSR.  You can hear the audio recording of the event to accompany this presentation here on forceforgood.com. 
     

posted by Admin  on June 9, 2010

Air PollutionYou probably experienced pollution – it’s the smogand other contaminants that float in the air webreatheIn some cities around the world, such as LosAngeles, Mexico City and China, you can hear radioor TV alerts like the following :- Alert, today the level of pollution in the air is high- Children and the elderly should not go outside- Those who practice an outdoor sport should not do so- People with asthma should carry their inhalers at all times- The rest should avoid going out, or wear a mask when doingsoParallel crises- Financial crisis, spilling over into theeconomy- Climate crisis- Ecosystem/natural resources crisis –two thirds of our most importantecosystems – like tropical forests, farmland, fresh water and marine
     

posted by Alex  on July 30, 2008

This paper introduces the Trust Enablement™ approach to corporate governance, as a natural and harmonizing counterbalance to prevailing risk management practices.Recent attempts to restore confidence in capital markets have been based largely on risk management practices that place greater emphasis on protecting organizations from further erosion of trust than on establishing higher levels of trust and confidence. Efforts focused on proactively building trust yield better results than recent risk management reactions to mistrust.  A complementary, offensive trust and confidence-building strategy is therefore proposed as more effective for reducing director and officer liability exposures and enhancing business value than a prevailing defensive, risk management strategy.Comparative examples of current governance practices and proposed initiatives when mapped to the Trust Enablement™ model reveal a deficiency in trust and confidence-building governance mechanisms.  Trust Enablement™,...
     

posted by Admin  on October 30, 2008

   “A lack of long-term stewardship by company heads and shareholders is at the heart of the current financial crisis, an influential think-tank says in a report published on Wednesday. Tomorrow’s Company, whose previous research has helped shape UK company law, urges the government to understand better the effects of the growing “casino economy”, where activities such as derivatives trading are often far removed from the real economy activity to which they theoretically relate. The report warns against the search for scapegoats for the current crisis and says that it is wrong to attack private equity, hedge funds and sovereign wealth funds for irresponsibility, noting that different shareholders perform different functions. However, it condemns the practice of borrowing shares for voting purposes and asks if investors need to toughen up their engagement to change company behaviour or divest holdings in companies with particular shortcomings. Mark Goyder, Tomorrow’s Company...
     

posted by Admin  on March 24, 2010

In the UK, the US and many other countries, existing board election processes mean shareholders rely almost entirely on existing board members to identify board candidates. In the vast majority of cases, shareholders have no real say over who is chosen to represent their interests and those of the company they own. Board nomination committees are sub-committees of the board itself. Over the last 10 years, Sweden has moved away from such a system. This report examines the Swedish experience of shareholders taking this key governance function into their own hands. The report also considers lessons that can be drawn for governance in the UK and other countries with dispersed shareholdings.  It  concludes with an agenda for action by listed companies, institutional investors, the Institutional Shareholders Committee  and the Financial Reporting Council. 
     

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Global Financial Crisis and India
If we think of the situation of developing countries during the global financial meltdown, we find that some developing countries like India & China were not very badly affected by the storm of global financial crisis. Hige degree of regunalions & norms, tighten monetery policy laid by the governments put the picture of these countries in altogether different flying colors on the global map. Reserve Bank of India is actually considered to be the best central bank of the world.
There is a very strong system and norms led by the governments of india and it is coming as an emerging market and the whole world is eyeing on this country and on China as well.There is a lot to learn from these countries which even after being developing nations were standing like strong rock. The US economy is not fundamentally healthy even it is a command driven economy. The case is altogether differnet with country like India which is the only domestic demand driven economy in Asia at a time when the whole world is worried about western growth.
If we focus on some recent meetings like G-20 when many countries were eclipsed, Brazil & Russia were also considered among the least affected nations.
These countries basically send a message all across the globe that the governments policies should always be fundamentaly strong so that these type of erratic events can never be repeated in future leading in the imbalance of the whole world.

Vishal Kumar(PGDM) Indira School of Business Studies,Pune(India)
Posted By : Vishal Kumar
Posted on : November 25, 2009

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