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Harnessing the power of innovation

27th March 2012 @ 8:00 am - 5:00 pm

Venue: Morrison & Foerster, CityPoint, One Ropemaker Street, EC2Y 9AW, London

The Tomorrow’s Value lecture series invites some of the most senior figures from the global business world to explore what we mean by value – how it is created, how it can be measured, and what the drivers of value creation are. These issues are set out in depth in our briefing paper.

Beyond that, we are asking business leaders how they link creating business value with values. Are businesses simply about improving the bottom line or must they contribute to the wellbeing of the wider community? Was the cult of shareholder value responsible for some corporate excesses and what might replace it?

We would like to welcome you to the next lecture in the series to be given by Nick O’Donohoe, Chief Executive, Big Society Capital.

Big Society Capital’s mission is to significantly boost the ability of the social sector to deal with social issues by providing greater access to investment capital.  It will seek to strengthen and grow the number and size of organisations connecting social investors with social investment opportunities.

Funds of around £400m that have lain dormant and unclaimed for at least 15 years in accounts in banks and building societies in the UK will provide initial capitalisation for Big Society Capital.  Four major high street banks (HSBC, Lloyds TSB, Barclays and RBS) will also invest £200m.

Nick has powerfully argued that theories of market economics that drove growth, employment, unprecedented technological progress and rampant globalization over the previous 30 years are being altered in a fundamental and far-reaching way; and that the model of market economics based largely on self-interest neglected to deal with its own social consequences.

He argues instead for “a model that embraces the financial disciplines of market capitalism but also provides opportunity and support for the vulnerable, the dispossessed and the downright unfortunate …Harnessing the power of social innovation must be front and centre in the transformative process underway. We need to unleash a whole new wave of social entrepreneurs and help existing models with proven impact grow to scale much more effectively.”

A high level panel will include contributions from key players drawn from the world of social business and entrepreneurship.  We are delighted to be joined live from San Francisco by Susan Mac Cormac, a corporate partner at international law firm Morrison & Foerster, who has played a leading role in the development of the Flexible Purpose Corporation in America; and also Jean Gomm, President of the London Alumni Club of Harvard Business School and a Trustee of Tomorrow’s Company – HBS originated much of the thinking on Social Enterprise almost twenty years ago and the School and its alumni continue to be instrumental in driving forward the thinking and practise in this area.

Tomorrow’s Company and CIMA believe that the relationship between value and values is fundamentally changing: that sustainable value creation must now recognise ‘the triple context’ combining economic drivers with social and environmental imperatives. CIMA’s qualification upholds the highest ethical standards for members throughout their careers.

Details

Date:
27th March 2012
Time:
8:00 am - 5:00 pm