A Focus on The Future
The Business Roundtable’s focus on the future is no accident: issues such as climate change and income inequality have raised concerns that today’s global economic system is shortchanging the future.
We agree.
The chief culprit, however, is not long-term value creation but its antithesis: short-termism.
Managers and investors alike too often fixate.
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Do local regulators embrace corporate governance as a value creator?
Local regulators also embrace corporate governance as a value creator.
Our corporate governance standards ensure that responsibilities and authorities of all stakeholders are aligned.
None of the boards, shareholders, employees or other stakeholders have overriding power.
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How can corporate governance contribute to value creation?
This session will address the process of value creation within the corporation and discuss how corporate governance arrangements can provide key resource providers, such as:
founders controlling owners managers and outside capital providers with the right incentives and financial instruments to contribute to this process. ,
Stakeholders For The Long Term
Time will tell how they act on this conviction.
As a starting point, we’d encourage leaders, when there are trade-offs to be made, to prioritize long-term value creation, given the advantages it holds for resource allocation and economic health.
Consider employee stakeholders.
A company that tries to boost profits by providing a shabby work environ.
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Value Creation Is Inclusive
For companies anywhere in the world, creating long-term shareholder value requires satisfying other stakeholders as well.
You can’t create long-term value by ignoring the needs of your customers, suppliers, and employees.
Investing for sustainable growth should and often does result in stronger economies, higher living standards, and more opportuni.
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What makes a good corporate governance framework?
An effective corporate governance framework should provide incentives for a process of continuous discovery and innovation.
It should provide prices as a tool for efficient resource allocation and support the original creation of wealth rather than rent seeking.
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Who is responsible for corporate governance?
Corporate Governance, Value Creation and Growth This work is published on the responsibility of the Secretary-General of the OECD.
The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.
