Leadership matters, and most people acknowledge that leaders affect an organization's value. However, by just observing that a particular leader is visionary or inspiring, by focusing only on the person at the top and ignoring the larger leadership team, or by failing to assess whose leadership capability is woven into the organization's DNA, investors make simplistic and intuitive assessments of value. Enter the leadership capital index—a Moody's or Standard & Poor's (S&P) rating for leadership. A leadership capital index provides investors a way to...