September 2019
Shared Value Project
The power & pressure of corporate leadership

In global business, 19 August 2019 marks the moment that the influential US Business Roundtable redefined the ‘purpose of a corporation;’ rejecting the decades-long idea of shareholder primacy in favour of considering all stakeholders.

Purpose-led business leaders have welcomed the change, provided it is steeped in genuine action; while the sceptics remain unconvinced that shareholder returns won’t be compromised.

No matter your view, the BRT’s ground-breaking move is arguably a brave admission that the traditional view of capitalism needs to change and shared value, from my perspective, is a part of the solution.

Fortune’s Change the World List is another example of such leadership; celebrating the companies and business leaders that embrace corporate purpose, and recognise how it can add value to business and society. In our region, I look forward to acknowledging those at the forefront of this movement at the 2019 Shared Value Awards Gala Dinner on 23 October in Melbourne.

Finally, I would like to officially welcome Cerisse Denhardt and Bethany Crotty to the Shared Value Project team.

Helen Steel
Chief Executive Officer

Have a question about #sharedvalue? Tweet us @SharedValueAust

In this issue
Redefining the purpose of a corporation

When the US Business Roundtable redefined the purpose of a corporation on 19 August, the news reverberated across the globe. We have considered the significance of this statement, and what it means for corporate leadership. 

Read more.

Shared value champion: Candice Smith

Our Shared Value Champion this month is Candice Smith, Head of Wellness at AIA Australia. Shifting the dial on healthcare is an issue close to Candice's heart; she believes there is an incredible opportunity to make fundamental shifts in the global disease and mortality burden by simply changing people's behaviours and choices. 

Read more.

Welcome to our new members

We are pleased to welcome two new members into the Shared Value Project community. 

Read about LifeCircle and RACV.

Meet the companies changing the world

Fortune's fifth annual Change The World List recognises the companies and leaders creating shared value and delivering on their corporate purpose including Australian based cancer care provider, Icon Group.

Read more.

2019 Shared Value Awards Gala Dinner

Tickets on sale now.

Listen: Creating a shared value toolkit

In this episode, Sarah Bailey speaks to Brenda Colatrella, Associate Vice President, Corporate Responsibility at MSD about MSD's company-wide shared value toolkit. 

Listen now.

Shared value in the media

Catch up on highlights from shared value in the media and the global community:

Upcoming events

13 September

17 October

23 October

23 October

13 November

17 November

4-5 June 2020

Spark The Change, Melbourne

Porter Prize event, New Delhi 

Introduction to Shared Value workshop, Melbourne

2019 Shared Value Awards Gala DinnerMelbourne

Impact Investment Summit Asia Pacific, Sydney

HBS Creating Shared Value Executive Course, Boston

Africa Shared Value Summit, Rwanda 

Do you have an event to share with the shared value community? Click here to submit your event.

Become a member

As a member of the Shared Value Project, organisations have the opportunity to be part of the community shaping the future of shared value in Australia.

For information about becoming a member, please contact

Know someone who might be interested? Forward it to them

Having trouble reading this mail? View it in your browser
Not interested anymore? Unsubscribe

Follow us on:

youtube twitter facebook linkedin
Shared Value Project

Shared Value Project

PO Box 16217, Collins Street West, Melbourne VIC 8007
+61 3 9013 7500

Regional Partner of: Shared Value Initiative
Leading development of shared value in Australia