Quest for a dialogue

HR's imminent role in improving communication between boards and investors

Loretta O'Donnell, Robin Kramar, Maria Dyball

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

This paper describes the context in which a deeper 'dialogue' between Boards and the capital markets can be facilitated through more systematic human capital analysis, particularly in knowledge-intensive environments. Human capital is defined as management systems which are designed for people within the firm to execute strategy, and which, ideally, are internally consistent and consistent with the broader strategic direction of the firm (Royal and O'Donnell, 2003). This quest for deeper dialogue will require the HR profession to respond to the new information needs of capital markets. This may involve a process whereby HR professionals become interpreters of human value creation, becoming, in effect, internal human capital analysts. In anticipation of an imminent global shift in the role of human capital information in investment decisions, the Star Model of human capital analysis (O'Donnell, Kramar, and Dyball, in preparation) is presented as one framework which can be used by HR professionals to deepen dialogue on the trajectory of human capital value within knowledge-intensive listed firms.
Original languageEnglish
Title of host publicationChanges in society, changes in organizations, and the changing role of HRM
Subtitle of host publicationmanaging international human resources in a complex world : conference proceedings
EditorsPhilip G. Benson, A. Mahajan, R. Alas, R. L. Oliver
Place of PublicationTallinn, Estonia
PublisherEstonian College of Business
Pages1-26
Number of pages26
ISBN (Print)9789985934289
Publication statusPublished - 2007
EventInternational Human Resource Management Conference (9th : 2007) - Tallinn, Estonia
Duration: 12 Jun 200715 Jun 2007

Conference

ConferenceInternational Human Resource Management Conference (9th : 2007)
CityTallinn, Estonia
Period12/06/0715/06/07

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