This is an important book because it shows that we can't create a more socially and environmentally responsible global economy unless we upgrade the pThis is an important book because it shows that we can't create a more socially and environmentally responsible global economy unless we upgrade the prevailing double book entry accounting system, which only accounts for financial and industrial capital, into a system that takes account of the benefits and detriments of corporate action on society and the environment. The author suggests a new "six capitals" accounting system that measures intellectual, human, social and relationship and natural capital in addition to financial and industrial and summarizes various efforts currently underway around the world to develop such an accounting system.
The prevailing form of the corporation, which was designed to externalize as many as possible of the negative consequences of corporate behavior upon society and the environment, and prevailing GAAP accounting, which does not account for these externalized costs, combine to reinforce corporate behavior that maximizes profit for shareholders while negatively impacting society and the environment. In other words, the corporate form and its accompanying accounting system work to prevent corporations from acting as responsible global citizens that not only maximize profits for their shareholders but also provide a material positive impact on the environment.
The author offers a solution by suggesting changes to the legal and accounting matrix by authorizing corporations with a social and environmental conscience, such as the benefit corporation, and creating a comprehensive accounting system that measures the effect of corporation behavior on the six capitals. Without such changes to the legal and accounting matrix, however, corporate behavior will naturally default to profit maximization at the expense of society and the environment despite the well intentioned efforts of Conscious Capitalism and similar movements.
In addition to be being well-researched and substantive, this book is a great read. The story unfolded as the author wrote it and the prose is as fast-paced and breathless as the unfolding story. Jane Gleeson-White is an excellent writer to be able to bring the dry topic of accounting to life. I couldn't put this book down and bet that you won't be able to either....more
Although written for a Christian audience, this book has universal appeal. If you are a fan of the enneagram and self assessment tools, you'll like thAlthough written for a Christian audience, this book has universal appeal. If you are a fan of the enneagram and self assessment tools, you'll like this book. The on-line assessment that comes with the book helps you determine which of the 9 enneagram archetypes you are and then correlates your archetype with a biblical character.
The book incorporates many voices to stay lively. For example, a personal story accompanies each chapter on the 9 archetypes to bring the qualities of the archetype to life. The assessment tool also helps you identify your primary learning style and your preferred pathway, such as nature, to connect with God or spirit.
The thesis is that by understanding the unique personality archetype, learning style and spiritual pathway of each person, churches can help deliver mass personalized and mass customized spiritual plans to accelerate the development of each individual....more
This self-published book was a godsend. I was preparing for a TEDx talk on April 14 when a business colleague tipped me off about this book's releaseThis self-published book was a godsend. I was preparing for a TEDx talk on April 14 when a business colleague tipped me off about this book's release on March 27. I devoured it, read it cover to cover three times and marked and highlighted it to excess. It is short, well organized, breezy, and full of good examples of TED talks that you can access on the Internet. This book was an immense help in preparing my talk. I didn't deliver one of the world's most inspiring presentations but it was far better with Mr. Donovan's tutelage than it would have been otherwise. I recommend this book for anyone having to give a short public speech. It will help you deliver an audience worthy presentation. ...more