Rob Worthington-Smith with Bruce Whitfield
12 June 2018
In this podcast, Rob Worthington-Smith talks to Bruce Whitfield about how leadership maturity, or lack thereof, is revealed in annual reporting. FarSight rates the maturity of leadership (and conversely, vulnerability to value destruction) based on how it goes about reporting the company’s value creation story. Red flags include deception and virtue signalling, or where leadership avoids reporting on key issues and challenges facing the company. Recent crises discussed include Steinhoff, Tiger Brands and the Platinum mining industry.
The FarSight Model of Leadership Maturity
From our research into decades of corporate reporting, and noting the significant difference between how mature leaders report against these five actions compared to immature leaders, FarSight developed a model for assessing leadership maturity in terms of how well companies respond to their most material issues. Every two months we analyse a sector of around eight companies on the JSE and submit our findings to the asset management industry through our channel partner, Legae Securuties, the first B-BBEE Certified Stock Broking firm in South Africa. Summaries of these findings, and how the model works, can be found at www.FarSightFirms.com
* Rob Worthington-Smith is the founder of FarSightFirms.com. The FarSight model analyses leadership maturity based on the IIRC’s Integrated Reporting Framework, an international standard designed to guide companies towards better reporting of their value creation story. In the SA asset management market, FarSight has an exclusive working partnership with Legae Securities.