5. Not in a Vacuum
18th and 19th centuries
Mid‐20th century
Last decades of 20th century
Integral to society – link
Greatest pools of human and monetary capital
The 100 largest economies
Changed its identity
Corporate Legal Advisers
11. Measuring Company’s
Economic Value
20 % ?
67%
market value
Brand value
$ 105,586 mil
$ 70,453 mil
(Interbrand)
13%
source: SAM Book value
$ 13,560 mil
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17. Principles of the Inclusive
Approach
Responsibly and responsively
Accountability – account to, but of
Fairness – the right thing to do
Transparency – withering effect
Intellectual honesty
Corporate Legal Advisers
19. Legitimate Interests and
Expectations
A reasonable and informed bystander
Valid and justifiable
Legal basis
Moral or ethical basis
Corporate Legal Advisers
22. Governance Framework
International
National
Local
External
External Stakeholders
Stakeholders
Consultants & Government
Consultants & Internal Stakeholders
Internal Stakeholders Government
Advisors
Advisors
Stock
Stock Money M
MoneyM
Lenders of
Lenders of
Board
Board EE
Employees
Employees
Trade
Trade
Exchange Unions
Unions
Exchange
AA
Directors Share
Directors Shareholders
Media
Media CC Business
Business Management
Management
CC holders
Corporate
Corporate
Partners
Partners Governance
Governance
Environ‐ Customers Guidelines
Guidelines
Environ‐ Customers
mentalists
mentalists
SS
Suppliers
Suppliers Auditors
TradeTrade Auditors
Associations
Associations
Federations/codes
Local
Local
Communities
Communities
industry norms
Corporate Legal Advisers
23. Licensors to Operate
Law/Regulation
Political Opinion Industry and
Market Standards
Public Opinion/ Industry
Confidence
Company Reputation
Media
Pressure Groups
Individual attitudes: Customers,
Suppliers, Consumers, Employees,
Investors and Community
Corporate Legal Advisers
32. Alternative Dispute Resolution
(ADR)
Disputes with stakeholders
Building relationships
Dispute can destroy relationship
Alternative dispute resolution clause
Corporate Legal Advisers