Stewardship
The theory of stewardship was first introduced in the 1990s and in the 2000s good stewards were those whose motives were aligned to those of their organization. In the 2010s the theory had further developed into ethical stewardship where good steward act in the best interests of both shareholders and stakeholder.
The Founder member of the Capricorn group view stewardship as a leadership process and management mindset that is brought to bear in every strategic and operational decision across the entire organization. Based on the positive, prosocial, and intrinsically motivated model of human beings, stewardship refers to the leadership approaches taken to proactively make decisions after taking into consideration the interests of all stakeholders, including employees and shareholders.
Capricorn Commodities & Trading Pte Ltd has started its operation in the year 2020 and as the company is slowly growing from small numbers and trade volume in different locations and geographical boundaries it is of utmost importance that the company and the leadership adopt and follow the best practices that will help to develop the culture, values further strengthening foundation pillars of the Capricorn group in line with company's long term vision to become one of the leading one-stop solution providers. The company, therefore, has decided to adopt and follow the practices of stewardship that will assist the company and leadership in leading, managing, governing, and investing responsibly to sustain long-term value creation by balancing the needs of all stakeholders, society, environment, and future generations.
The following are the FIVE key dimensions and concept of Stewardship that the company has adopted and is sincerely following: -
- Capricorn & its leaders shall demonstrate stewardship by continuously communicating greater clarity of purpose in line with the company's mission and vision statement
- Steward leaders at Capricorn shall promote and build a culture that is based on a high level of employee ownership and involvement in the organization’s activities. Employees have a clear sense of responsibility, both individual and shared and they work towards creating long term social and economic benefits for the stakeholders who play an important role in the success of the business
- Capricorn with a stewardship mindset will not ignore long term consideration under the pressure of short-term issues.
- To achieve long-term success, Capricorn is committed to maintaining strong and reciprocal relationships with existing and new stakeholders. Steward leaders at Capricorn shall develop relationships with internal and external stakeholders by fostering win-win collaborations
- Capricorn believes that once stewardship is implemented well, success is defined in terms of doing well, doing good, and doing right. Long term wealth creation becomes the means to give back to society, thereby making a positive social and environmental impact.
We further believe by embracing stewardship within all business decisions and actions, we will redefine the contribution that we want all businesses to make to create a better form of capitalism.
