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Tomorrow’s Value Lecture: Employee Ownership – Charlie Mayfield, Chairman, John Lewis Partnership

21st November 2012 @ 8:00 am - 5:00 pm

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 are delighted that the next lecture in the series will be delivered by Charlie Mayfield, Chairman of John Lewis Partnership, the employee owned UK partnership that runs John Lewis stores, Waitrose and others.

Charlie Mayfield became the Partnership’s fifth Chairman in March 2007. He joined the Partnership in 2000 as Head of Business Development, responsible for business strategy and development for both John Lewis and Waitrose, then joined the Board of Directors in 2001 and became Managing Director in 2005 prior to being appointed Chairman. Charlie began his career at SmithKline Beecham and at McKinsey & Co.

Charlie will be discussing how the link between value and values, and an employee’s happiness, produces business value and results. This tenet is rooted in John Lewis Partnership’s practice and in its outcomes. As their Constitution states:

“the ‘happiness of all its members’ relies on their ‘worthwhile and satisfying employment in a successful business’. To achieve this we aim to give all Partners a relevant, consistent and rewarding experience during their career. This experience is based on the Partnership and Partners themselves delivering three commitments: taking responsibility for our business success, building relationships Powered by our Principles and creating real influence over our working lives.”

Charlie will outline the case for the employee ownership model in the context of new business forms.

Join us for what will be a fascinating discussion on how this is happening and delivering business success in practice.

The first Tomorrow’s Value Lecture was given by Lord Stephen Green whilst in his role as Group Chairman HSBC Holdings plc – at Mansion House. Subsequent lectures have been given by Anant Nadkarni of Tata, Pavan Sukhdev Head of Green Economy Initiative, UNEP, Professor Michael Mainelli Professor of Commerce at Gresham College and Founder Director of the Z/Yen Group and Paul Walsh, CEO of Diageo; Joe Garner, Head of UK Retail and Deputy CEO of HSBC Bank plc; Paul Abberley, CEO of Aviva Investors and most recently David Brennan, CEO of Astra Zeneca; Gervais Williams, Managing Director of MAM Funds plc; and John Hurrell, Chief Executive of Airmic.

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.


21st November 2012
8:00 am - 5:00 pm