SLIDE 1
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
Key Trends Every CEO Should Know Chief Executives for Corporate - - PowerPoint PPT Presentation
Key Trends Every CEO Should Know Chief Executives for Corporate - - PowerPoint PPT Presentation
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
SLIDE 2
SLIDE 3
RULES OF THE GAME HAVE CHANGED Statement on the purpose of a corporation
– Aug 2019
3
Business and society win when people feel valued Is the BRT Statement Just Empty Rhetoric? Group of US corporate leaders ditches shareholder-first mantra BRT’s Recipe for Confusion Move Over, Shareholders: Top CEOs Say Companies Have Obligations to Society Council of Institutional Investors Responds to BRT Statement
- n Corporate Purpose
BRT’s makeover does not go far enough BRT’s move is a tacit acknowledgment of corporate America’s sins Shareholders Are Still King Companies under pressure to declare ‘social purpose’
SLIDE 4
CECP’s Top Annual Trends
EMPLOYEE POWER COLLABORATIVE ADVOCACY & ACTION RESPONSIBLE TECH LONG- TERMISM IMPACT MEASURED
SLIDE 5
EMPLOYEE POWER
CECP’s Top Annual Trends
“Fulfillment as the focal point
- f individual purpose and the
new employee power structure.”
- Making work more meaningful: Building a fulfilling
employee experience
SLIDE 6
6
EMPLOYEE POWER
CECP’s Top Annual Trends
Source: “Making work more meaningful: Building a fulfilling employee experience” by CECP, Imperative, PwC
SLIDE 7
COLLABORATIVE ADVOCACY
CECP’s Top Annual Trends
“The New CEO Activists” More US companies jump into social and political debates
SLIDE 8
Climate Change
COLLABORATIVE ADVOCACY
CECP’s Top Annual Trends
Education
Healthcare
Sustainable Development Goals
The Opioid Crisis Diversity & Inclusion
GLOBAL CHALLENGES MET WITH COLLECTIVE ACTION
SLIDE 9
9
Source: CECP’s Board of Boards Live Polling Data 2017, 2018, and 2019
0% 10% 20% 30% 40% 50% 60% 70% 80%
2017 2018 2019
Speak Publicly in My Own Voice
COLLABORATIVE ADVOCACY
CECP’s Top Annual Trends
As CEO, what is the most effective bold move I can make toward sustainable business leadership over the long term?
+23pp +37pp 67%
SLIDE 10
COLLABORATIVE ADVOCACY
CECP’s Top Annual Trends
SLIDE 11
CECP’s Top Annual Trends
RESPONSIBLE TECH
11
SLIDE 12
CECP’s Top Annual Trends
RESPONSIBLE TECH
12
SLIDE 13
RESPONSIBLE TECH – FUTURE OF WORK
CECP’s Top Annual Trends
13 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Employee Diversity and Inclusion Mitigating Short-termism Board Diversity Preparing for the future
- f work
Defining corporate purpose in age of employee power
Source: CECP’s Board of Boards Live Polling Data 2019
Top 3 business challenges that are most relevant to your company
SLIDE 14
IMPACT MEASURED
CECP’s Top Annual Trends
14
What gets measured, gets done.
Company Impact
Net + Net -
SLIDE 15
15
LONG-TERMISM: MORE REQUESTS FOR DATA FROM IR TO CSR
Has your corporate citizenship department (or similar) provided ESG information to an investor or to investor relations (IR)?
Source: Giving in Numbers, 2016 Edition, 2015 data, N=217 and Pulse Survey 2019, N=49
4% 25% 28% 30% 13%
10% 18% 51% 16% 4%
2016 Yes, to an investor Yes, to IR dept Yes, to an investor & IR dept No, neither Unsure 2019
CECP’s Top Annual Trends
SLIDE 16
16
LONG-TERMISM
CECP’s Top Annual Trends
SLIDE 17
17
LONG-TERMISM
CECP’s Top Annual Trends
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
SLIDE 18
18
LONG-TERMISM
CECP’s Top Annual Trends
SLIDE 19
19
24 FEB 2020 – NEW YORK CITY
Board of Boards 2020
Theme: Tough Choices Real case examples, networking, table dialogue 50 CEO attendees 45 CEOs registered (list here) Register your CEO here
SLIDE 20
GRACIAS
20
Sarah Bostwick Stromoski
@bostwicksarah sbostwick@cecp.co www.linkedin.com/in/sjbostwick