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A PRACTICAL PERSPECTIVE: STEWARDSHIP

A PRACTICAL perspective : STEWARDSHIP . FOSTERING RESPONSIBLE. LONG-TERM WEALTH CREATION. PUBLISHED BY IMD (2015). Introduction: STEWARDSHIP in a nutshell How can a business thrive and sustain growth while enhancing the wealth of its stakeholders and the well-being of the societies in which it operates? This, in essence, is the question STEWARDSHIP aims to answer. The landscape for business is ever evolving. Business structures and relationships PROF. among stakeholders are becoming more complex and interdependent. Businesses DR.

governance measures are helpful and often necessary. However, sound steward-ship has a longer term and wider view, with a motivation that extends beyond a “comply or explain” mentality. In short, the stewardship question needs to be considered from a perspective that includes, but goes beyond, merely complying with corporate governance require-

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