Stuart Woollard joins our host William Corless to discuss the Mature organisation, a fascinating perspective on how organisations can utilise a model for responsible capitalism.
Stuart co-designed the OMINDEX® organisational health diagnostic, pioneering work in linking human 'intangibles' (e.g. corporate culture, governance, human capital, and management systems) through ESG to value and risk. Stuart also co-authored a book "The Mature Corporation - a Model of Responsible Capitalism"
This episode on the Mature organisation we shine a light on what total stakeholder value means and how it can be at the heart of stakeholder purpose. There are many gains and benefits by truly understanding that human beings are fundamental sources of value.
Managing people as a source of value and not a cost, not just employees; but all the way along the supply chain - suppliers, customers, local community all the touchpoints of the organisation. Understanding the whole human system will realise the value of all those working relationships. Where people really feel valued with fairness and dignity, this will incorporate Human Rights, slavery, child labour and whistle blowing.
Stuart discusses ESG- Environmental Social Governance which replaces Corporate Social Responsibility, which in now integrated into corporate strategy. We mention organisations like Toyota, BooHoo.com, Amazon, Volkswagen, BP, Patagonia, PG&E, Walmart, Mercadona, Boeing, Good Jobs First, Apple and many more.
Stuart articulates that shareholder value will increase if we improve how we manage stakeholder value. Stuart also talks about his work with equity analysts and fund managers, where he demonstrates the value of this approach and how they changed their perspective on risk. Stuart also discusses his collaborations with Cambridge University and the Harvard Law and Business Schools which provided a greater understanding of what a healthy culture looks like.
Here is the Youtube video of Stuart presenting his model, to the DCU leadership talent summit as mentioned in the podcast: