Building on his previous article 'Stewardship Lessons from News Corp' Tomorrow's Company Founder Director Mark Goyder assesses the lessons that can be learned from the appearance of Rupert and James Murdoch in front of a Parliamentary Select Committee.  

In 2002 Mark Goyder wrote "Lessons from Enron". It was a story about the culture of fear and greed at the top of the company, and how Enron's non-execs, who were there to hold them to account, failed to restrain it.  In this article Mark looks at the similarities between Enron's corporate culture and that of News Corp, in the light of recent events. He asks what lessons can be learned from these failings and spells out the need for a greater measure of stewardship throughout the investment chain.  

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"...

A world-first integrated reporting guidance document was unveiled by Professor Mervyn King in Johannesburg today (Tuesday).The document offers direction to the 400 companies listed on the JSE; companies that are obliged to produce an integrated report for their current financial years.

The development of corporate integrated reporting (IR) standards has the promise to be one of the great business innovations of the 21st century, and could be pivotal in restoring public trust in business institutions, Harvard Business School Dean Nitin Nohria told a seminal gathering of IR key stakeholders at an HBS workshop last week.