Liz McBeth (CEO, Armour Valve Ltd) — extends Incorruptible's citizens-vs-tourists frame: 'why we've come to assume they should have the loudest voice'

Liz McBeth — CEO & President of Armour Valve Ltd, an Ontario family-owned industrial distributor that achieved Top Tier status in Canada's Net-Zero Challenge — publishes a substantive long-form reflection extending one of Incorruptible's central metaphors: shareholders as tourists, employees and communities as citizens. She questions why transient capital gets the loudest voice in institutions that shape our communities.

“Another idea from Eric Ries' Incorruptible that has really stuck with me is the distinction between citizens and tourists. We would never allow tourists to vote in our elections. That right, and responsibility, belongs to citizens because they have a lasting stake in the outcome. Ries suggests that many public company shareholders are more like tourists than citizens. They may hold shares for days, hours, or even milliseconds. Their incentives can be disconnected from the long-term health of the organization. Employees, on the other hand, are much closer to citizens. They invest their time, talent, relationships, and careers. They live with the consequences of decisions long after the quarterly earnings call is forgotten.” — Liz McBeth on LinkedIn