60 How would adopting the Integrative Improvement approach help ensure better governance in business, government and civil society organisations?
a) All involved would be trained in NEW IT so all in an organisation would have a common basis for communication – fundamental for success in any enterprise.
b) What constitutes good governance is addressed directly in templates which are used for preparing governance policies common to all organisations so organisations would have a common basis for communication with other organisations – another basis for success in any enterprise.
c) Tools to ensure compliance with these policies are embedded in the policies.
d) By measuring improvements in well-being rather than improvements in GDP, progress towards meeting the priority needs and wants of end-users would be clearly apparent.
61 How would adopting the Integrative Improvement approach lead to Integrative Capitalism?
a) Capitalism has many definitions but its main features are a free market for goods and services, private ownership and control of the means of production, distribution and exchange of goods and services except for public goods and services which are provided by governments or in conjunction with governments. (At present, capitalism is distinguished by a tendency for people to regard our world as a world of parts which have to be managed into a stable state and from one stable state to another by managers who are trained to think unintegratively rather than integratively – the way nature, our brains, bodies and minds tend to function.)
b) Integrative Capitalism retains these main features but enhances their operation by treating people and our physical, social and cultural environments as a complex whole.
c) Adopting Integrative Improvement would improve the operation of the market by clarifying demand quickly and accurately and by improving governance of organisations to meet that demand.
62 The Integrative Improvement Institutes Project in China?
a) Recently, Professor Lu Tong, a leading authority on corporate governance in China and a director of the Chinese Center for Corporate Governance of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, addressed the Lowy Institute in Australia on the subject “How good is corporate governance in China?” .
b) In her address she outlined the challenges China faces with corporate governance. These include: the limited role of stakeholders, the restricted ownership structure, the need for independent directors, the need for improvements by regulators, the need for market pressure to demand better governance and the need to improve social responsibility. To these could be added the urgent sustainability challenges shared by all countries.
c) Given the range and scope of these challenges and the strong traditional bases of Chinese education, culture and society, the novel “development from below” Integrative Improvement Institutes Project may be worth considering as a way to integrate old and new approaches to achieving sustainable development in China.