Tag Archives: company culture

Board evaluation integrates OMINDEX®

Snowdon Beinn Ltd. and Organizational Maturity Services LLP (OMS) join forces to bolster corporate board effectiveness

LONDON, 1 March 2021 – Snowdon Beinn Ltd., a leader in corporate board recruitment and effectiveness, today announced an exciting new partnership with Organizational Maturity Services LLP (“OMS”) to offer state-of-the-art board evaluations.

Corporate board effectiveness is crucial to providing direction for a company’s management and culture, as well as creating the right framework for helping individual directors meet their statutory duties.  Recognising this importance, the UK Department of Business, Energy and Industrial Strategy commissioned ICSA, The Chartered Governance Institute, to assess the quality of independent board evaluations in the UK listed sector and to identify ways they might be improved.  The resulting report, released in January, concluded that better practices need to be developed and implemented to support external board reviews.  The partnership between Snowdon Beinn and OMS is in direct response to this recommendation. Together, the two companies provide a unique offering to clients looking to strengthen their board evaluation process – and ultimately, their overall corporate governance.

Snowdon Beinn already provides robust independent evaluations in order to identify problem areas in board processes and makeup – with the ultimate goal of adding new and diverse thinking in the recruitment process. Through this new partnership, OMS’ OMINDEX® (Organisational Maturity Index) will, for the first time, be applied to the board evaluation process – creating a unique offering in the field.

OMINDEX® is a comparative company diagnostic and performance rating system, approved by the Maturity Institute (“MI”), which successfully combines conventional measures of financial valuation with measures of environmental, social and governance (“ESG”) capability and performance. The methodology that produces these ratings assesses how companies create value relative to their effective capacity. The two unique ingredients in this measurement system are: (i) a clinical focus on the returns achievable, and achieved, from human capital, leadership practice and management systems and (ii) an ability to measure the delivery of value to all stakeholders, or Total Stakeholder Value (“TSV”).

ESG has become a global imperative — to boards, the companies they oversee, their shareholders, and other stakeholders, including the environments and communities in which companies operate.  In the United Kingdom, the UK Corporate Governance Code sets the expectation that all Code companies will consider regular externally facilitated board reviews, with FTSE 350 companies undertaking such a review at least once every three years.  Entities such as UK building societies should also have regard to the Code, including external reviews, as guided by their regulator, the Prudential Regulation Authority. In many other parts of Europe and North America, these external board reviews are similarly expected, or mandated.  Together, Snowdon Beinn and OMS are changing the way these board evaluations are conducted – building a more robust process, and with that, companies that are stronger, smarter, and in step with the world around them.

For additional information, please contact:

Snowdon Beinn:  

Email: contact@snowdonbeinn.com

Telephone : +44 (0) 20 3925 0304

Organizational Maturity Services LLP

Email : stuart.woollard@omservices.org

Telephone: +44 7940585661

About Snowdon Beinn | www.snowdonbeinn.com

Snowdon Beinn Ltd. was founded by legal and corporate governance experts. Through its externally facilitated board evaluations, it helps boards in their quest for continuous improvement. And through its non-executive director search service, it assists in maximising the collective intelligence of boards by bringing increased diversity of thought to the boardroom.  Snowdon Beinn is headquartered in London, England and supports boards globally.

About Organizational Maturity Services LLP www.omservices.org

OMS LLP researches, rates and advises on effective organizational maturity and human governance— a brand new discipline that finally makes whole the way we examine, value and engage with companies to generate true, lasting value for all stakeholders. OMS LLP developed and owns the OMINDEX® rating system approved by the Maturity Institute.

About The Maturity Institute | www.hrmaturity.org

The Maturity Institute (“MI”) comprises a global network of professionally accredited leaders, practitioners and academics creating value for all stakeholders through organizational maturity that realises the full value of human potential for the benefit of society.  The MI provides a unique, evidence-based approach to organizational health and the creation TSV.  The MI has created a new, revolutionary approach to organizational health by raising global standards of professionalism in organizational leadership and management practice. Its OM30 diagnostic instrument enables measurement and improvement of TSV created by organizations and provides ratings on OMINDEX®: a comparative scale from D to AAA. 

The MI is operated by HR Maturity Ltd., a company limited by guarantee and registered in England and Wales. The MI is advised by a council of six, including leading academics, and the HR Maturity Ltd. board consists of four members of the MI council.

OMINDEX® company training and licensing

Even though 2020 has been the worst year on record for many companies, due to the global pandemic, it has proved to be the breakthrough year for OMS LLP and our OMINDEX® company rating system. We trained 25 investment analysts to furnish them with the capability, for the first time, to respond to the growth in ESG investing by fusing traditional, company research with our own methodology. This helped us to create a total, holistic company analysis that captures all areas of value and risk. 

As a result, we have witnessed companies engaging directly with the insights that OMINDEX® offers them. When they have received their own, unique, Organizational Maturity Rating (OMR), they begin to understand how human intangibles drive value and risk and how they can improve communication with investors about their own leadership and management practices. In the emerging era of ESG, sustainability and Total Stakeholder Value, OMINDEX® provides a global standard to navigate this critical transition, and an evidence-based measure to demonstrate progress.

So we are now delighted to be able to offer OMINDEX® training to in-house company leaders and managers, together with individual licenses to practice, under the auspices and assurance of the Maturity Institute. This offers companies the opportunity to develop in-house OMINDEX® capability; to utilise and operationalise our ground-breaking approach without the need for external support (and at a fraction of the cost). 

The OMINDEX 32 question diagnostic

“I have really enjoyed our collaboration thus far and look forward to being actively involved in the Maturity Institute in future” ; “This is very exciting and I am happy to join MI”  OMINDEX analyst feedback

We would be pleased to discuss how this can be of value to both your company and the professional development of your own leaders and managers. The training programme already has a proven track record to ensure replicability and consistency of quality outcomes, while individuals learning the methodology have responded enthusiastically and proactively to developing their own new skills, which many now regard as essential to their job. 

Please contact stuart.woollard@omservices.org for more information

Are you a Total Stakeholder Leader for a Post COVID world

“…. the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis.” “Virus lays bare the frailty of the social contract – Radical reforms are required to forge a society that will work for all” FT Editorial Board, 3 April 2020

Coronavirus exit strategies can pave the way to a new social contract: where all stakeholders are able to serve society to the best of their abilities, for the benefit of everyoneA new kind of leadership and management practice based on diagnosing true ‘organisational health’ and pursuing Total Stakeholder Value will make this happen.

Amidst the unfolding tragedy of COVID-19, it is heartening to read that the Financial Times sees the present pandemic as an opportunity to rewrite the “social contract”; the moral, political, social and economic relationships that bind us all within civil society. The fact that the FT’s Editorial Board put their collective name to this piece reveals the extent to which the current global crisis is forcing many commentators, business leaders and policymakers to fundamentally rethink organisational purpose, values and principles. In 2012 the Maturity Institute was established with the clear and explicit remit of redefining organisational purpose as the pursuit of maximum societal value. MI set about reworking the systemic foundations for a renewal of corporate legitimacy. By 2017 we worked with MI to progress to the stage of producing a blueprint, based on exemplar corporations, as measured against our universal OMINDEX® scale and framework in terms of their Total Stakeholder Value (TSV™).

TSV™ is a contract by which all stakeholders are afforded equity. It also provides a comprehensive, practical roadmap to help society transition away from the ‘shareholder primacy’ era of capitalism that was summarily brought to a close by the US Business Roundtable Statement issued on Monday 19th August 2019. The BRT statement, that ‘all stakeholders matter’, may have been a declaration of intent but it offered no alternative model for a better society; and business was largely carrying on as usual until the global pandemic brought the world economy to a shuddering halt. No doubt most CEOs around the world are viewing this pandemic as catastrophic, from a business viewpoint. Yet the coincidence of this event, following so closely on the demise of shareholder primacy, should be seen as a once-in-a-lifetime opportunity for every single person on the planet to experience a world that is permanently changed for the better.

Forming alliances to build a Total Stakeholder Value society

Roger Burnley’s epiphany (right) is one that awaits the vast majority of boards and CEOs who have been under the yoke of quarterly results for decades. Total Stakeholder Value frees them from this narrow view of ‘performance’ while benefitting shareholders in the process. This is the apparent paradox of maturity – how can everyone gain while no one loses? The answer is very simple, no ‘social’ contract can be fashioned from a zero sum gain; where the shareholder’s gain is society’s loss. Instead, the social contract that underpins OMINDEX® is already proven by exemplar companies. Our TSV™ system is built on the most sustainable foundations that satisfy all the criteria now generically referred to as ESG (environmental, social, governance). So why, and how, should corporations willinglingly enter into this contract, post-COVID-19?

In the last few years, we have been building partnerships to help corporate management practice transition and transform into Total Stakeholder Value organizations. In 2017, we collaborated with Hermes Investment Management to produce our groundbreaking study of the health of the global banking sector. We have taught our methods on MBA programmes and our evidence has powered research with Cambridge Judge Business School. We have also worked with company valuation and strategy consultants to demonstrate, quantifiably, how human intangibles drive intrinsic company value.

More recently our revolutionary, analytical methods have formed the basis of our alliance with Redburn Research. This enables Redburn equity analysts to use OMINDEX® ratings to integrate ESG into their company analyses and investment appraisals. The analysis they produce are the world’s first measure of whether business leaders are working to a much more responsible, and financially valuable, social contract. It has already creating excitement within the investment community and is providing a renewed basis for corporate engagement, where everyone is interested in building the most favourable, long-term value outcomes.

OMINDEX® also serves as an organisational diagnostic that provides a clear and simple series of practical steps; that will improve the value of a business, continuously, through its enhanced capability for increasing the value of its people. This model is already working but its continued success is dependent on executives and managers being dedicated to the task of realising true ‘organizational health’. Doctors and nurses are vocationally committed, and bound by oath, to always put the patients’ interests first; even at the personal risks they are now having to endure. This is the same standard we use for management; along with a stipulation that they have to employ the same scientific, evidence-based, methods used by the medical profession for over a century.

Commercial opportunities – emerging market for Mature Leadership & Management

OMS LLP is now ready to scale up its range of partnerships by developing professional practice collaborations with organisations and individuals who can adapt their own expertise to work in a mature, and more responsible, capitalist system. We are specifically seeking alliances with organisations engaged in board and c-suite advisory & consultancy; audit and accounting; and risk management.

If you would like to register your initial interest please contact stuart.woollard@omservices.org