The intention is that he will take over as chairman in January 2017, succeeding Barrie Collins who has served in that role since 2009.
Tomorrow’s Company describes itself as “a not-for-profit think-tank that exists to inspire and enable business to be a force for good”. It says: “Our goal is to encourage a business approach that creates value for staff, shareholders and society through a focus on purpose, values, relationships and the long-term.”
Founder and chief executive Mark Goyder said: “We have worked closely with the Wates Group and the Wates family over many years, and their example of stewardship in action has been an important influence on us. It is wonderful to work with a successful business leader who exemplifies strong values, enduring relationships and a long term focus. We look forward to working together in the future.”
James Wates said: “This is a great moment to be working with Tomorrow’s Company. As the prime minister has said, we all face an important task in ‘civilising capitalism’ and I see Tomorrow’s Company, with its clear vision and business-led practical focus, as playing a central role in driving change. I believe strongly that good business, well done, is a force for good for society, and I look forward to playing an active role in driving this important agenda forward.”
The appointment adds to Mr Wates’ ever-growing roster of professional responsibilities that includes chairman of the Construction Industry Training Board, co-chair of Build UK, chairman of the Building Research Establishment (BRE) Trust, member of the government’s Apprenticeship Delivery Board and chairman of the Prince’s Trust Built Environment Leadership Group. He is also a non-executive director of property developer Argent Services, vice chairman of the of Queen Elizabeth’s Foundation for Disabled People, a governor of the Emmanuel School and the University of Westminster and a patron of the Wates Family Enterprise Trust.