Board of Boards Recap: Key Trends Every CEO Should Know Chief Executives for Corporate Purpose 3 Oct 2019 Sarah Bostwick Stromoski @bostwicksarah sbostwick@cecp.co www.linkedin.com/in/sjbostwick
2
RULES OF THE GAME HAVE CHANGED Companies under pressure to declare ‘social purpose’ Shareholders Are Still King Business and society win when people feel valued Statement on the purpose of a corporation – Aug 2019 Move Over, Shareholders: Top CEOs Say Companies Have Obligations to Society Group of US corporate leaders Is the BRT Statement Just Empty Rhetoric? ditches shareholder-first mantra Council of Institutional Investors Responds to BRT Statement on Corporate Purpose BRT’s move is a tacit acknowledgment of corporate America’s sins BRT’s Recipe for Confusion BRT’s makeover does not go far enough 3
CECP’s Top Annual Trends EMPLOYEE POWER COLLABORATIVE IMPACT ADVOCACY & MEASURED ACTION RESPONSIBLE LONG- TECH TERMISM
CECP’s Top Annual Trends EMPLOYEE POWER “Fulfillment as the focal point of individual purpose and the new employee power structure.” - Making work more meaningful: Building a fulfilling employee experience
CECP’s Top Annual Trends EMPLOYEE POWER 6 Source: “Making work more meaningful: Building a fulfilling employee experience” by CECP, Imperative, PwC
CECP’s Top Annual Trends COLLABORATIVE ADVOCACY More US companies jump into social and political debates “The New CEO Activists”
CECP’s Top Annual Trends COLLABORATIVE ADVOCACY Climate GLOBAL Sustainable The Change Development Opioid CHALLENGES Goals Crisis MET WITH Diversity & COLLECTIVE Inclusion ACTION Healthcare Education
CECP’s Top Annual Trends COLLABORATIVE ADVOCACY 80% As CEO, what is 67% 70% the most effective bold 60% move I can make 50% toward 40% +37pp sustainable 30% business +23pp 20% leadership over 10% the long term? 0% 2017 2018 2019 Speak Publicly in My Own Voice 9 Source: CECP’s Board of Boards Live Polling Data 2017, 2018, and 2019
CECP’s Top Annual Trends COLLABORATIVE ADVOCACY
CECP’s Top Annual Trends RESPONSIBLE TECH 11
CECP’s Top Annual Trends RESPONSIBLE TECH 12
CECP’s Top Annual Trends RESPONSIBLE TECH – FUTURE OF WORK Top 3 90% business 80% challenges 70% that are 60% most 50% relevant to 40% your 30% company 20% 10% 0% Employee Diversity and Mitigating Short-termism Board Diversity Preparing for the future Defining corporate Inclusion of work purpose in age of 13 Source: CECP’s Board of Boards Live Polling Data 2019 employee power
CECP’s Top Annual Trends IMPACT MEASURED What gets measured, gets done. Company Impact Net - Net + 14
CECP’s Top Annual Trends LONG-TERMISM: MORE REQUESTS FOR DATA FROM IR TO CSR 2019 Has your corporate Yes, to an investor 4% citizenship 10% department (or 16% Yes, to IR dept 13% 4% similar) provided 25% 18% ESG information to 2016 Yes, to an investor & IR dept an investor or to investor relations 30% No, neither (IR)? 28% Unsure 51% 15 Source: Giving in Numbers, 2016 Edition, 2015 data, N=217 and Pulse Survey 2019, N=49
CECP’s Top Annual Trends LONG-TERMISM 16
CECP’s Top Annual Trends LONG-TERMISM Six Reasons Why Companies Should Start Sharing Their Long-Term Plans with Investors : 1. To demonstrate that there is an effective long-term strategy 2. To show that the company can anticipate and capitalize on mega-Trends 3. To help investors understand ESG issues “through the eyes of management” 4. To encourage the C-Suite to reflect on the corporate eco-system, including a consideration of its stakeholders 5. To help inspire – and retain – both employees and investors over the long-term 6. To foster leadership in Corporate Shareholder communications IF YOU DON’T TELL YOUR STORY, OTHERS WILL DO IT FOR YOU 17
CECP’s Top Annual Trends LONG-TERMISM 18
Board of Boards 2020 24 FEB 2020 – NEW YORK CITY Theme: Tough Choices Real case examples, networking, table dialogue 50 CEO attendees 45 CEOs registered (list here) Register your CEO here 19
GRACIAS Sarah Bostwick Stromoski @bostwicksarah sbostwick@cecp.co www.linkedin.com/in/sjbostwick 20
Recommend
More recommend
