The lecture was given by Charlie Mayfield, Chairman of John Lewis Partnership, who spoke to around 150 business leaders about the link between employee happiness and an organisation’s bottom line.
Charlie outlined the case for the employee ownership model in the context of new business forms, a particularly timely topic given George Osborne’s recent ‘shares for rights’ proposals.
He discussed the three core pillars that underpin John Lewis Partnership's successful business model: authenticity, happiness and accountability. Charlie outlined how all 81,000 permanent staff are partners in the business and that every employee shares in its profits. He reinforced that this model keeps the company looking forward and prepares it for long term success as opposed to short term gain.
Charlie’s powerful speech was followed by a lively business panel and Q&A session. The panel comprised Gerald Avison, Chairman of TTP Group; Nita Clarke, Director at leading employee engagement partnership IPA; Henry Stewart, Chief Executive of training company Happy Ltd, one of the best places to work in the UK according to the Financial Times; and Nick Robbins, critically acclaimed author of 'The corporation that changed the world'.
CIMA Chief Executive Charles Tilley, FCMA, CGMA, closed the engaging event by outlining the increasing role of non-financial drivers in business and the important work of the IIRC, which is leading the charge for integrated reporting.