All posts by Paul Kearns

2017 Banking Governance & Culture Report: Our Insight Series

A series of insights from our Banking Governance & Culture Report are available from the Maturity Institute site:

Part 1. Banks behaving badly deliver less value 

Part 2. CEO pay fails the test of Total Stakeholder Value (TSV)

Part 3. Measure the cost control culture in banks rather than cost/income ratios

Part 4. How Governance and Culture risk erodes value every day

Part 5. Corporate Purpose: clearly defined, measurable, and linked to higher Total Stakeholder Value

OMS HG Briefing – Wells Fargo solution requires new blood in the system

OMS’s fortnightly Human Governance Briefing yesterday (12 October) questioned Tim Sloan’s appointment as John Stumpf’s replacement at Wells Fargo (see extract below) ; viewing his position as being part of the Wells Fargo problem. In the FT today Maxine Waters, a Democratic ranking member of the House of Representatives’ financial services committee was reported saying –  “Tim Sloan is also culpable in the recent scandal, serving in a central role in the chain of command that ought to have stopped this misconduct from happening,”

wells-db-rbs

The Banking Scandal Chronicles: Wells Fargo, RBS and Deutsche Bank

 

Another week, another slew of banks in the news for the wrong reasons. Wells Fargo has apparently identified the 29-year veteran of the bank, Tim Sloan, as the likely next CEO. We would ask whether the current President and COO is really a credible and qualified candidate to fix Wells’ endemic human governance problem: one that he surely presided over as part of the senior leadership team? ….

For the latest copy of our Human Governance Briefing and to be added to our subscriber list, please contact stuart.woollard@omservices.org

New Integrated Human Governance Report

AT&T snapshot pic

Our new, integrated Human Governance Report (HGR) on AT&T is the first of its kind. It has been produced as part of MI’s ground-breaking research collaboration with Harvard Law School’s Pension and Capital Stewardship Project into the S&P500 and other global stock indices.

The report advises that AT&T have significant market value opportunities (20%+ over 5 years) if the company were able to develop more effective human governance.  It also breaks new ground by utilizing traditional financial analysis to complement the perspective of viewing the company through the lens of human governance.

If you would like a copy of the AT&T HGR, or to find out more about partnering with us on our OMINDEX research collaboration, please contact stuart.woollard@omservices.org