To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
On 17th May 2016 we held a discussion event with Antony Jenkins, former CEO of Barclays, on risk aversion and the boardroom. The event was kindly hosted by Aviva Investors. Antony shared his views on how greater alignment of goals can be created between investors, the board and executive.
Antony’s presentation follows a key theme in our recent research that it may be time to take a step back and rethink some of our assumptions around corporate governance. There is a concern that the pendulum has swung too far towards independence, compliance and risk aversion. Instead, it may need to swing back towards entrepreneurial leadership, risk taking and alignment with management. In some ways moving closer to the private equity model.
Antony Jenkins was CEO of Barclays from 2012 to 2015, having previously been head of Retail and Business Banking and Barclaycard. He has been on the board of VISA Europe and the steering group for the Big Innovation Centre. He currently chairs Business in the Community, The Prince’s responsible Business Network.
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