Paul Lee
Accountable capitalism
‘It has long been a personal red flag of mine to worry about companies whose only stated aim is the promotion of shareholder value. So many such companies boom marvellously for a short period of time and then see massive value destroyed as they find that narrow self-interest destroys value over time – destroying the very thing the directors claim to be targeting.’
Hans-Kristian Bryn and Carl Sjostrom
A new governance framework
‘Given that complex organisations are governed by layers of management, shareholders and public oversight, there is great benefit in articulating these boundaries by defining the company’s reward philosophy and risk appetite.’