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™,...

Tomorrow’s Corporate Reporting: A critical system at risk focuses on the systems architecture and the behaviours and values of its stakeholders. Not on the content of the ‘ideal corporate report’. By corporate reporting we mean all the mechanisms by which companies communicate their performance and activity to their stakeholders, with a particular emphasis on the flow of information into the investment community.The study looked at:What aspects of the system are preventing or supporting the effective development of corporate reporting? And what changes are needed to make the system fit for purpose for the future? During the research, 145 individuals provided evidence, were interviewed or engaged through roundtable discussions, representing 118 organisations from 22 countries across five continents. The report explains the components of the current system and highlights that very few, if any, stakeholders see it as a system – rather they see particular pieces of the jigsaw. The...

Qualitative Growth by Fritjof Capra and Hazel Henderson has been published by Tomorrow’s Company with the ICAEW.  This paper not only builds on our mission to understand better business success and how it can best be achieved, but also sets this in what Tomorrow's Company describe as the triple context: that sustainable value creation will be rooted in harnessing the full opportunity of recognising the links between the economic, social and environmental sub-systems on which we all depend for our lives and prosperity. Although sustainability is a growing issue, it is not well understood. As the subject is prioritised by business, governments and civil society, the need to clarify how to do it, how to measure and report on it and how to assure sustainability information become key issues. In the ICAEW landmark publication Sustainability: the role of accountants the ICAEW argued that these areas of expertise – building and managing flows of valuable, reliable and trusted information...

This Briefing Document, by Tomorrow’s Company, summarises how Interface seeks to inspire and engage people towards the goal of sustainability. The social strategy of Interface is to continually increase the socio-economic value it creates for all its stakeholders.This briefing document is written drawing on internal Interface briefing documents and materials made available through the Tomorrow’s Company membership relationship with Interface. We are sharing this information with a wider audience for interest and inspiration, given the leading work Interface is doing in the area of sustainability.You can find the full list of Briefing Documents on forceforgood.com here.