Founding principles

The strategic objective of the forum is to bring about a step change improvement in practice of human capital management and reporting, and dissemination of good practice, focusing primarily on pragmatic business needs.

The following principles are proposed:

1. For the purposes of the forum, sponsors and members shall collaborate on encouraging the adoption of good practice in human capital management, laying aside any commercial rivalry.
   
   
2. A major priority will be publicity and awareness-raising. To this end, we will actively seek coverage of the forum’s events and publications, with members channelling efforts through the forum’s chair.
   
   
3. There will be an expectation that sponsors and members will take an active part in debates within the forum. They will be expected to contribute ideas both from practical experience and their own intellect in a participative project that seeks to expand and develop thinking and practice in human capital management.
   
   
4. The forum is for networking and intellectual leadership in the area of human capital. It is expected that sponsors and partners do not use the forum directly to sell products or services to members.
   
   
5. The forum will seek to be co-operative with external bodies – for example, collaborating with other standards boards or think tanks specialising in human capital where appropriate, with consideration given to joint events or publications.
   
   
6. The forum will seek to be political: making representations to representative bodies such as accounting standards boards, Government ministers, etc, making the case for human capital reporting.
   
   
7. There is particular emphasis on promoting pragmatic solutions, highlighting cases of human capital reports that assist businesses in better management of their workforce, with stronger business returns.
   
   
8. The forum will be international in focus, seeking to source case studies from different jurisdictions and different types of company. It would seek ultimately to establish an international membership base.
   
   
9. The forum will work closely with the academic world, seeking to stay at the forefront of thinking in this area.
   
   
10. Human capital is defined broadly as means to bring measurement and accountability to the workforce being deployed by any organization. No particular methodology will be promoted over any other.