Initiatives on Values
Byline: JESUS P. ESTANISLAO
BUSINESS has looked at the two strategic objectives concerning values. The first is Responsible Citizenship, which the business sector wishes to use to give a pointed emphasis on subsidiarity and solidarity. These two need to be included in good personal governance. The second is Good Governance, which covers the gamut from corporate and institutional to public governance. Thus, the whole field of governance, from personal to public, is in the business sector's radar screen.
Typically, the business sector proposes initiatives that member firms themselves need to undertake, mainly in their long-term self-interest.
The first of these initiatives, internal to business firms, is progressive improvement of corporate governance practices. Boards of directors are called upon to take much more seriously the challenge of aligning their corporate governance practices with "best practices" consistent with globally accepted principles.
The second is for business firms to "incorporate 'living the values' embedded in their charter statement (articulating vision, mission, values) as part of their performance management system." In other words, they have to ensure that their corporate culture is alive and constantly nurtured through actual observance.
The third is for business firms to "include in their (internal) training programs, aside from management and technical skills, (such) LIFE skills as values formation, parenting, responsible citizenship, spiritual retreats and the like." This is a significant expansion of the coverage and concern of employee and officer training programs. …