Imagining values-driven businesses
A professor and former dean at the Saïd Business School at Oxford University argued in a 2013 book that corporations should restructure around three key principles:
- First, articulate clear values: why does the company exist, and what does it believe in?
- Second, appoint “trustees” to protect the interests of stakeholders and uphold the values of the corporation.
- Third, restrict voting shares to long-term investors - and he also believes that governments should use the corporate tax system to encourage “public values by private corporations”.