Corporations face multiple, simultaneous pressures on profit growth and share price performance - at a time when environmental, social and economic issues challenge corporations' ability to stimulate growth from existing operations.

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.

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 Good Governance Forum supports achieving business success through improving the quality of corporate governance by providing tools, resources and other instruments for chairs, company secretaries and other key people who drive the quality of board performance. It works with regulators and others to help create the best possible environment for good corporate governance.

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.