ABSTRACT
How do effective directors promote valueism, and long-term (financial and non-financial) value creation within the organisations they serve?
Based on a framework of global corporate governance best practice, which can be used in all organisations anywhere in the world, this chapter of Questions To Ask (QTA) in the boardroom gives a high-level but succinct introduction to the concept of valueism.
Valueism is a value creation-centric approach that sustains the long-term success of a business. It includes the concept of the organisation’s value scheme, which creates value for all stakeholders, and in turn ensures the long-term success of the organisation, which is not limited to financial value. A value scheme is based on a design process that understands what value means from the perspective of each stakeholder group, in both financial and non-financial terms. Once mapped, the aim is to ensure all stakeholders’ interests are met in a fairly balanced way over time. This is in the belief such an approach is the best way to achieve and sustain long-term success.
The chapter’s introduction leads into the key Questions To Ask in the boardroom, giving the reader further insight into how to initiate discussions about the value scheme of their organisations.
