Legatum has made a firm commitment to act in the global marketplace in accordance with the following principles:
Respect for Universal Values
We believe that there are ageless principles and laws which govern our existence. The ethics derived from these immutable moral laws form the basis of constructive and healthy interaction between people everywhere, bridging the shifting sands dividing nations, cultures, religions and political philosophies. In order for any organisation to function effectively, remain healthy, and endure the tests of time, these universal values must be understood and respected. A good example is the Golden Rule – to treat others as we wish to be treated.
Principles before Profits
Talent can take us to the top, but only good character can keep us there. Not everything that is legal is helpful, or noble. Profitable business opportunities are not worth pursuing where there is cause for concern about the detrimental impact on third parties, or reason to question the conduct and reputation of a prospective partner. While the law can provide a minimum standard for behaviour, it offers no substitute for the application of prudent judgement. The optimal response in every situation must always be to choose the honest path of integrity, even if it comes at the apparent expense of our own immediate interests.
Stewardship and Accountability
When we are entrusted with assets and responsibilities, we become accountable for their care and productive use; and in the fullness of time, we are accountable for and rewarded according to the quality of our stewardship. In the meantime, we believe that it is our responsibility to prosper those things placed in our custody to the best of our ability, leaving them better than when received.
Making a Difference
Economic success is only the beginning. We find joy in responding to the privilege and opportunity to use our assets and activities to positively shape the world around us. Through our subsidiaries Legatum Institute, Legatum Center, Legatum Ventures and the Legatum Foundation, Legatum promotes widespread prosperity around the world through grass roots programmes and organisations that empower individuals and support local entrepreneurs in the communities in which they live.