Whilst many people recognise the need for change, most proposed solutions are too narrow in their focus. They look at leadership, or governance, or culture, or ownership in isolation, without acknowledging the interconnectedness of these factors. Similar to the Ownership Commission (2012), we prefer to look at the system as a whole, highlighting a different approach that has significant pedigree, both in the UK and abroad.
We are supporting the development of healthy, multi-stakeholder organisations by focusing on three different areas:
1. Developing an understanding of trust with a particular interest in transparency, consistency and mutual support.
2. Legal frameworks and organisational structures that outline how the organisation can operate – working with the relationships between businesses and their stakeholders and creating alternatives to conventional business models. If necessary we will encourage legislation to lighten the burden of existing Business Trusts and ease the way for new ones.
3. Ongoing capacity of organisations to maintain healthy relationships with a focus on:
- The purpose and objectives
- The key relationships
- The systems and processes
- The ability to learn and adapt appropriately.