Humanistic corporate governance
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Transcript of Humanistic corporate governance
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HUMANISTIC CORPORATE GOVERNANCE:
A UNIVERSAL MODEL FOR BALANCING POWER
AND ALIGNING INTERESTS
Long-Term Capitalism Challenge:
Hack submitted by Alex Todd to The Harvard Business Review/McKinsey M-Prize for Management Innovation
GovernanceCommittee.com
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WHAT IS A CORPORATION?
GovernanceCommittee.com
I am a
legal
person.
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WHAT IS A CORPORATION?
GovernanceCommittee.com
Yes, you are.
That’s why you
require direction
from real people to
properly serve
society!
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WHY DO WE NEED CORPORATE BOARDS?
GovernanceCommittee.com
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WHAT IS THE PURPOSE OF CORPORATE
GOVERNANCE?
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WHOSE INTERESTS DO BOARDS SERVE?
GovernanceCommittee.com
I am not a
slave!
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WHY DO WE NEED CORPORATE BOARDS?
GovernanceCommittee.com
Instead,
invest in
my
productivity
. Buy my
stocks.Thank you
for
investing
in our
company.
You can
trust us to
protect
your
interests.
Hey! What
about your
neighbours
’ interests?
Hold on!
You have a
duty to be
loyal to me.
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WHO ELSE CLAIMS TO HAVE AN INTEREST?
GovernanceCommittee.com
Who are
you?
I bought your
company’s shares
on the market. I am
your new owner.
Congratulations! We hope
you make lots of money
when you sell the shares.
But you are NOT an
investor in our company,
and certainly not its
OWNER!
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HOW COULD HUMANISTIC CORPORATE
GOVERNANCE REPRESENT ALL INTERESTS?
GovernanceCommittee.com
Distribute
PowerAlign Interests
Ancient Roman Property Law Principles
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SHOULD COMPANY STAKEHOLDERS TRUST THE
BOARD?
GovernanceCommittee.com
Hey! What
about your
neighbours
’ interests?
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WHAT’S THE VALUE OF STAKEHOLDER TRUST?
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Strategic Stakeholders
Customers Investors Various Various
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WHO ELSE NEEDS TO TRUST THE BOARD?
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HOW DO WE STRUCTURE OUR CORPORATE
GOVERNANCE SYSTEMS?
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Employee
s
Shareholders
Board of Directors
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HOW COULD BOARDS IMPROVE CONDITIONS
FOR STAKEHOLDER TRUST?
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HOW COULD WE RESTRUCTURE OUR
CORPORATE GOVERNANCE SYSTEMS?
GovernanceCommittee.com
Employee
s
Stakeholder
Congress*
* Terms from Shann Turnbull’s Network
Governance
Board of Directors
Shareholders
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WHAT WOULD IT TAKE TO MAKE THIS CHANGE?
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By-Laws
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WHAT MODIFICATIONS ARE REQUIRED?
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By-Laws
CERTIFICATES FOR
SHARES AND THEIR
TRANSFER
Certificates of Shares:
• Voting Capital Stock
• Non-voting Market
Shares
• Voting Non-equity
Shares
Transfer of Shares:
• Tradable Shares
• Non-tradable Shares
• Conversion of Shares
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HUMANISTIC CORPORATE GOVERNANCE, TO
WHAT END?
GovernanceCommittee.com
Compliance
Sustainability
Creating Shared Value
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GovernanceCommittee.com
Thank You
Alex Todd
416-487-1497
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