Bill's latest message talks about the Baldrige award. This US-based award is approximately equivalent to the European Quality Award, administered by the EFQM.
The Institute of Chartered Accountants (England & Wales) has produced a discussion document on various alternative reporting models. It can be downloaded from the following URL (pdf format).
http://www.icaew.co.uk/viewer/index.cfm?AUB=TB21_59349
This document certainly raises some of the right issues, but there are some real problems with the approach. I think we could usefully come up with a short position statement in relation to these issues, and maybe set up some meetings for Bill when he's over here.
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