Joel Stern, Chairman of Stern Stewart & Associates in New York, lectures at STIAS

16 November 2012

Joel Stern STIAS lesing12-9s

Professor Joel Stern is widely regarded as a leading authority on how finance policy and strategy should be directed to create and sustain shareholder value in an organisation. He conceptualised the Economic Value Added (EVA) measurement and management system which is internationally accepted as an industry standard and applied across sectors subject to specific interpretation.

On 29 October Professor Stern addressed business leaders and researchers from around the Western Cape at STIAS about the need for organisations to reconsider their approach to corporate governance, especially in measuring performance and executive compensation. The EVA approach focuses on the evaluation of investments relative to the risks and the processes management should follow in making decisions that lead to a congruence of shareholder and management interests.

Professor Stern could delve into his wide experience to illustrate the EVA approach with numerous examples and anecdotes, and a lively discussion ensued.

Caption: After the lecture in the library of Mostertsdrift Manor House:  Johannes van Niekerk (CapitalVoice) who initiated arrangements for the lecture, Joel Stern and Hendrik Geyer (STIAS director)

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