Value-Based Management

Gary Ashworth

is the founder and managing director of Knowledge-Capita, a company specialising in the provision of training, coaching and consultancy on advanced business performance management techniques. He has a particular interest in insuring that the tools and techniques he implements have real and lasting business impact. He has extensive implementation experience in some of the UK and Europe's leading companies and he is regularly invited to speak at conferences and seminars.



A former leader of Ernst & Young's Performance Management Service Line in the UK for some five years and previous holder of a similar role on Activity Based Management at KPMG, he has specialised in advanced business performance management approaches as a management consultant for over ten years. While at Ernst & Young, Gary directed the development and delivery of VBM training in Europe.



His passion for improving approaches to managing business performance is born out of both his commitment to his profession and his wide range of practical experience prior to entering consultancy. His included working for over 12 years at senior management levels in companies such as Shell, Whitbread and Sainsbury's.



He has written, and had published, many articles on performance management over recent years. A good number of these have been given international acclaim by the International Federation of Accountants (IFAC) for making "a distinguished contribution" to the development of the management accounting profession. Indeed, one article won IFAC's "First Place" award in the worldwide published article competition of that year. This is his second publication in the Financial Times Management Briefings series.



He is a Fellow of the Chartered Institute of Management Accountants (and twice and Institute Prize winner), a Fellow of the Institute of Management Consultants, a Certified Management Consultant and Member of the British Institute of Management.



Paul James (FCA)

specialises in consulting to the investment community and, in particular, investment data providers. He is an expert in the data available to investors and the impact that changes in data can have on share valuations.

Has recently developed a series of share valuation metrics using shareholder value (residual income) and enterprise value concepts. His work has been designed to ensure that the metrics can be obtained from existing investment information sources. He has also been conducting a research programme with a number of leading investment institutions, identifying the use that they make of shareholder value when making investment decisions and recommendations. The research will be published in late 2000.

James lectures regularly and will be a keynote speaker at the forthcoming I/B/E/S conferences in London, Frankfurt and Stockholm on the subject "Residual Income, Return on Investment, Real Options, Enterprise Value: Making Sense of the New Value-Added Techniques in Equity Valuation".

In his previous career, he has been a Finance Director in industry, a Partner in BDO and a senior consultant at PriceWaterhouseCoopers and Ernst & Young.