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May 28, 2012

CIMA and PwC UK back leadership report

Company leaders have to start prioritising stakeholders before their personal rewards, according to a report by think tank Tomorrow’s Company in collaboration with PwC UK and the Chartered Institute of Management Accountants (CIMA).

The report, Invisible Elephant & Pyramid Treasure: Tomorrow’s Leadership – the transpersonal journey, emphasises the development of a leader beyond their personal ego in order to lead a more sustainable business based on the needs of clients and staff.

At the launch in London yesterday, PwC UK chairman and senior partner Ian Powell said the personal responsibility of a leader is essential and emphasised the importance of engaging with staff when creating a company’s long strategy.

“I think in this day an age employees in every business need to believe in the value and ethics of the organisation they work for,” Powell said.

CIMA chief executive Charles Tilly explained the institute is involved in this project as it tries to help business leaders make better decisions towards a more sustainable organisation based on accurate information, which enables good judgments.

“This report is very timely, given the recent widespread dissatisfaction with corporate leaders. One problem is that many leaders are not aware of how their behaviour and how they deal with other people, affects their own performance and the performance of the organisation,” Tilly said.

 

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