The error of corporate leaders in the 20th century was to focus on increasing the wealth of shareholders instead of focusing on increasing the long-term health of the company. This “primacy of the shareholder” was unsustainable and has been replaced by enterprise value creation, preservation and erosion.
Reformulating social imaginary from one of despair to one of hope during a time of multiple crises.
The International Federation of Accountants (IFAC), in November 2019, issued a statement saying that there has to be accounting for value creation and that it is preferable that the chief financial officer is known as the Chief Value Officer.
This first colloquium invited speakers to discuss matters of importance for the creation of organizational value in a sustainable manner.