Do not lose our shareholders’ money
Do not lose our health
Do not lose our temper
Do not lose our customer
Good health and good day Top Glove colleagues and friends,
Businesses often tie their success with shareholder value creation. Today, however, this success is only truly possible when balanced with employee value creation.
What does value creation for employees look like? Employees must be able to see and experience a vision of their own success when they come to work every day. When employee value creation is enhanced, our shareholder value as well as customer-centricity will naturally rise too.
We see similar in countries too. The happiest countries in the world are often the most successful. Finland, Denmark, Switzerland ranked the top three in World Happiness Index for 2022 and they, by far, are the most successful socially, politically and economically. This success is also reflected in how corruption is addressed in these countries. Finland and Denmark are ranked the least corrupt and the most transparent in Transparency International’s 2021 Corruption Perceptions Index. This demonstrates that when internal dynamics of a country is strong, its sustainability externally is given. This is true for businesses too.
The responsibility ahead for all of us, in an increasing competitive and complex market, is to inculcate value creation for our colleagues every day. What can we each do better for our colleagues, our teams, our departments and our company to be successful? From simple daily routines like how we greet each other, to remaining calm and positive under pressure to how we respectfully address each other in meetings and through issues, to not tolerating any forms of corruption and bribery will define how we make our work place positive and our business sustainable.
It is with this vision that the Chairman’s Office launched the Path Innovators Programme in May 2022, where young and upcoming leaders have been selected, for a year, to develop creative and innovative ways for Top Glove’s resilience internally and externally. This will be led by the Executive Chairman himself.
Innovation and creativity can only emerge from decentralised and distributed decision making. Top down team process is no longer as effective as decentralised, bottom up teams. This has proven to generate new ideas. Companies like Amazon, Apple and Microsoft have seen leaps of success through its culture of innovation and creativity. These companies rose in their market capitalisation due to creativity and innovation by their motivated employees through decentralised decision making.
As we launch our first Path Innovators Programme in May 2022, we must create the environment for more ‘path innovators’ in Top Glove.
TOP GLOVE, TOP QUALITY, TOP EFFICIENCY, GOOD HEALTH, SAFETY FIRST & BE HONEST
Tan Sri Dr Lim Wee Chai
1st May 2022