Drawn together by Dr Michael Reddy, former Executive Chairman of international EAP ICAS (now AXA-ICAS), and now CEO of human capital consultancy Human Potential Accounting and online community HubCap, the new Accounting for People 2.0 Taskforce initiative is broadly based, including not only leading Finance and HR Executives but also practitioners from academia and psychology, the media and politics.
The evening's agenda covered four specific themes: financial reporting, investing, new business models, and the reshaping of the current version of capitalism. A full programme was provided beforehand, and access was offered to HubCap to accelerate discussion among the new “Taskforce” – a facility that was not available to the original members. A supplement to the Human Capital Handbook 2011 will be emailed to delegates shortly.
The format was via discussion rather than presentation. The immediate purpose was:
- To reinvigorate the debate, and assess the degree of support for this new initiative
- To set in motion a process whose objective is to make concrete proposals to Government within a fixed period of time, offering concrete options for the kind of regulatory framework needed in order to optimise human capital reporting and minimise present risks to stakeholders and investors
The Full Evening Programme
5:00pm: Arrival - Drinks in the Crimson Bar
5:45pm: Dr Michael Reddy - Welcome and Introduction to Accounting for People 2.0 6:00-6:20pm: Financial Reporting, Accounting Practice followed by open floor discussion
6:20-6:40pm: Investing followed by open floor discussion
6:40-6:50pm: Comfort break
6:50pm-7:10pm: Morgen Witzel - New Business Models followed by open floor discussion
7:10pm-7:30pm: Accounting for People: Next Steps
7:30pm: Networking in the Crimson Bar
The evening event ‘Accounting for People 2.0: The Business Case for Human Capital Reporting’ was by invitation only and was limited to 30 senior business leaders, Finance and HR Directors, and influential media and Government representatives.