The Evaluation of Fair Wealth

Abstract

Although wealth itself is neutral, the creation and usage of wealth is very much entangled with various social values. With the introduction of the concept of fair wealth, we now have a completely new perspective on how wealth should be evaluated. In this chapter, we present a well-structured indicator system to assess fairness-related aspects of a company. The assessment includes transparency as a basic requirement and fairness level as an advanced requirement. Eventually, the result will be used to calibrate the wealth of the richest Chinese based on their shares in various companies so that their organizational management practices will be influenced in a fairer direction.

Wealth is a sophisticated thing in China, there is still a long way to go before it can be properly understood.

—Mr. Shum Chiu Hung, Times Property

To realize fair wealth, it is important to have role models, to have rules and institutions, but the most important thing is to have a cultivated ecosystem.

—Professor Siqing Peng, Guanghua School of Management, Peking University

An entrepreneur who is capable of sustainable growth must have a vision beyond just making money; social responsibility should be his higher pursuit.

—Lan Li, Development Research Center of the State Council

Due to the fact that the evaluation system is still under construction, this chapter can only reflect the current status and will be unavoidably different from the final system.