Planet-centric governance
The Evolution of Governance: From Ancient Civilisations to Modern Corporations
The roots of governance stretch back through time, finding their origins in ancient Greece. This age-old concept, initially wielded to exert control over people, lands, and nations, has continually evolved to shape the intricate complexities of our modern business landscape.
Forging the Path to Contemporary Corporate Governance
The inception of the corporate entity marked a pivotal juncture in the evolution of governance. Over the course of the 19th and 20th centuries, the rudimentary notion of corporate governance has matured, evolving into the complex framework that governs today's enterprises. This journey has been one of maturation and refinement, laying the groundwork for the contemporary principles that underpin our business structures.
The Influence of Human Agency in Governance
Throughout history, from ancient empires to the present day, one constant remains: the influence of human agency. Be it the regulation of sprawling civilizations, the oversight of vast territories, or the management of modern corporations, it is the hands of individuals that have guided the ship of governance. This enduring element resonates even in the governance of entities encompassing the intangible like corporations, ideologies, and faith.
As we contemplate the diverse applications and interpretations of governance, it becomes evident that the act of governing is, at its core, an intricate dance between power, structure, and humanity. From the parliaments of nations to the boardrooms of corporations, the concept of governance persists as a testament to our unceasing quest for order, control, and progress.
Elevating Planet Earth: a Shift in Corporate Governance
The influence of humanity is undeniable, numerous entities have met their end in the face of humanity’s progress, and fewer still will outlast our collective endeavours. At the heart of it all lies our planet, an indispensable stakeholder that has been both steadfast provider and silent witness throughout our history. In the context of corporate boardrooms, however, the planet has often been relegated to the shadows, its role marginalised in decision-making processes. This imbalance between our symbiotic relationship and the reality of our actions now beckons a transformational shift – one that ushers in a new era of corporate stewardship.
Transitioning from Parasitism to Mutualism
Acknowledging our planet's pivotal role as a stakeholder demands a radical reimagining of corporate governance. Our relationship, historically of a parasitic nature, must evolve into a mutualistic relationship if we are to avert a dire future.
The concept of "Natural Ownership" will empower the planet and its assets to play an active role in steering corporate trajectories.
Co-opting the Planet: a Legal Framework for “Natural Ownership”
Given that the Earth cannot advocate for itself before humanity, our existing systems must pave the way. The creation of legal entities dedicated to representing natural assets like forests, oceans and national parks – those which we derive significant commercial and social benefits from, becomes imperative. There are already precedents being set, for example in New Zealand, Taranaki Mounga (Mount Taranaki) has become its own legal personality with a board that is co-governed by local iwi (those indigenous to the region) and the New Zealand government.
These entities, operating akin to Not For Profits, will champion a "For Planet" ethos. Their mission: safeguard the interests of the Natural Owner while fostering harmonious coexistence with humanity. This vision of governance ensures that the planet assumes its rightful place as a cornerstone stakeholder, explicitly enshrined within the corporate world’s governing documents.
A “For Planet” Boardroom Configuration
A novel boardroom structure to crystallise this vision into practice will comprise of diverse expertise, ensuring comprehensive insight into the consequences of decisions:
Accomplished Ecologist or Climate Professional: Providing holistic perspectives on environmental impacts.
Specialist Ecologist: Focusing on assets' specific ecological relevance.
Legal Expert: Ensuring compliance and advocacy for natural assets.
Industry Specialist: Balancing commercial viability with ecological considerations.
Governance Professional: Navigating the intricate governance landscape.
Youth Representative (under 30): Amplifying the voice of the next generation.
Indigenous Advocate: Infusing indigenous wisdom into deliberations.
A Future-Defining Commitment: Equity Allocation and Co-Opting
This transformative journey encompasses tangible steps. Enterprises deriving substantial revenue from natural assets will cede equity – at least 5% (above the legal threshold giving access to information rights) – to these assets, establishing them as true Natural Owners. Through this, corporate governing documents will expressly acknowledge the planet as a pivotal stakeholder, potentially even granting Natural Owners representation on corporate boards. This mutualistic approach elevates the planet's interests from a passive bystander to an active participant.
Paving the Path to a Planet-Centric Future
This new approach to governance propels us into uncharted territory. A world where natural assets become co-authors of our endeavours, where decision-making resonates in harmony with our environment. This shift fundamentally redefines industries' rapport with the planet – a transformation from exploitative to reciprocal. Through these visionary governance structures, a pact between humanity and the Earth evolves, setting the stage for a future governed by mutual benefit, informed consent, and a steadfast commitment to planetary well-being.
This begs the question: what will a future of natural ownership look like?