Clyde Wilcox, Georgetown University “Disclosure by itself is not the solution   to any problem. It’s a path to earn    tru...
NONFINANCIAL METRICS CATEGORIES                         • Business Development                         • Community Engagem...
“Corporate Strategy andReporting in a Global Economy:The Board’s Converging Roles"
NACD’s 2011 Public Governance SurveyThe top 5 priorities for the board include: Strategic planning and oversight          ...
2012 World Economic Forum : • Increased understanding of the risksand opportunities in current and emerging strategy
The World Has Changedhttp://theiirc.org/wp-content/uploads/2011/09/IR-Discussion-Paper-2011_spreads.pdf
Sustainability -      ne Definition   “meeting the needs of the present without compromisingthe ability of future generati...
Tipping Points: NACD and Governance1990: Institutional investor ownership ofshares hits 53.3 percent mark.“At NACD, we cha...
Thank youFay FeeneyCEORisk for Goodfay@riskforgood.com+1 310 372 0591Twitter: @fayfeeneyWeb: www.riskforgood.com
Corporate Strategy and Reporting in the              Global Economy: The Board’s Converging              Role             ...
What are we seeing?
Shareholder Initiatives & Coalitions•    Principles for Responsible Investment (PRI) [2006]      – Currently represents ov...
Signatories to the PRI (US)    900+ international signatoriesPARTIAL LIST OF ASSET OWNERS (200):•   AFL-CIO Reserve Fund /...
Signatories to the PRI (US)    900+ international signatoriesPARTIAL LIST OF INVESTMENT MANAGERS:•    BlackRock           ...
Mainstream Involvement
How does GRI help?
GRI’s Vision & MissionVisionA sustainable global economy where organizationsmanage their economic, environmental, social a...
The GRI Guidelines    Environmental    • EN 3 - Direct energy consumption by primary       energy source    Labor    • LA ...
Who are these Reporters?
Thank you              Mike Wallace              Director, Focal Point USA              Global Reporting Initiative       ...
Peer to PeerWhat are the top three challengesthe boardroom is facing relative to    sustainability strategy and           ...
Peer to PeerSelect the top challenge and using GRI’s criteria what can the board     do to use this non-financial   report...
Peer to PeerWhat are your recommendations to the boardroom to oversee this fast moving non-financial reporting for strateg...
“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”
“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”
“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”
“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”
“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”
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“Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”

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Presentation to the NACD Southern California chapter on “Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”

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  • NEED TO DOUBLE CHECK THIS LIST AS SEVERAL HAVE MERGED AND MANY MORE ARE ENTERING THIS AREAMERCER REPORTS?
  • “Corporate Strategy and Reporting in a Global Economy: the Board’s Converging Roles.”

    1. 1. Clyde Wilcox, Georgetown University “Disclosure by itself is not the solution to any problem. It’s a path to earn trust. But just saying things is notenough, unless you also do something.” How is your board using information available to them to make the best decisions?
    2. 2. NONFINANCIAL METRICS CATEGORIES • Business Development • Community Engagement/Corporate Social Responsibility • Competition/Market Share • Corporate Culture1. Understand and • Customer Satisfactionagree on the • Environment, Health, and Safetycompany’s key • Ethicsperformance • Executive Talent Management/Successionmetrics. • Human Capital • Innovation/Innovative CultureThese key metrics, • Legal/Regulatory Complianceset for both the • Logistic Capabilitiesenterprise as a whole • M&A Execution and Integrationand for major • Operationsbusiness units, should • Product Qualitybe used to track • Reputationprogress against the • Risk Managementcompany’s strategy. • Tone at the Top
    3. 3. “Corporate Strategy andReporting in a Global Economy:The Board’s Converging Roles"
    4. 4. NACD’s 2011 Public Governance SurveyThe top 5 priorities for the board include: Strategic planning and oversight 72.1% Corporate Performance & 40.6% Valuation Risk and Crisis Oversight 27.1% Executive Talent Management & 25.8% Leadership Development CEO Succession 25%
    5. 5. 2012 World Economic Forum : • Increased understanding of the risksand opportunities in current and emerging strategy
    6. 6. The World Has Changedhttp://theiirc.org/wp-content/uploads/2011/09/IR-Discussion-Paper-2011_spreads.pdf
    7. 7. Sustainability - ne Definition “meeting the needs of the present without compromisingthe ability of future generations to meet their own needs” 1987 Brundtland Report
    8. 8. Tipping Points: NACD and Governance1990: Institutional investor ownership ofshares hits 53.3 percent mark.“At NACD, we champion theinclusion of nonfinancialmetrics in performancemeasurement” Alex Lajoux
    9. 9. Thank youFay FeeneyCEORisk for Goodfay@riskforgood.com+1 310 372 0591Twitter: @fayfeeneyWeb: www.riskforgood.com
    10. 10. Corporate Strategy and Reporting in the Global Economy: The Board’s Converging Role NACD Southern California January 2012Venue, Date
    11. 11. What are we seeing?
    12. 12. Shareholder Initiatives & Coalitions• Principles for Responsible Investment (PRI) [2006] – Currently represents over $30 Trillion in investment capital – 900+ signatories• Investor Network on Climate Risk (INCR) [2003] – Currently represents over $10 Trillion in investment capital – 100+ members• Carbon Disclosure Project (CDP) [2002] – Currently represents over $71 Trillion in investment capital – act on behalf of 550+ institutional investors• Institutional Investors Group on Climate Change (IIGCC) [2001] – Currently represents $6 Trillion in investment capital – 70 members• Interfaith Center on Corporate Responsibility (ICCR) [1972] – Currently represents over $100 Billion – 300 members
    13. 13. Signatories to the PRI (US) 900+ international signatoriesPARTIAL LIST OF ASSET OWNERS (200):• AFL-CIO Reserve Fund / AFL-CIO Staff Retirement Plan• CalPERS / CalSTRS• Connecticut Retirement Plans and Trust Funds (CRPTF)• General Board of Pension and Health Benefits United Methodist Church• Illinois State Board of Investments• Los Angeles County Employees Retirement Association (LACERA)• Maryland State Retirement and Pension System• New York City Employees Retirement System / New York State Local Retirement S• SEIU Pension Plans Master Trust• State Universities Retirement System of Illinois• Teachers Retirement System of the City of New York• Universal Health Care Foundation of Connecticut
    14. 14. Signatories to the PRI (US) 900+ international signatoriesPARTIAL LIST OF INVESTMENT MANAGERS:• BlackRock • Boston Trust• Calvert Investments • Capital Group International• CBRE Investors • Clear Bridge Advisors• Domini Social Investments • MFS Investment Management• JPMorgan Asset Management • Principal Global Investors• Kohlberg Kravis Roberts & Co, LLP • T. Rowe Price• Krull & Company • Tower Capital Asset• Northern Trust Global Investments Management LP• Prudential Real Estate Investors• Russell Investments• TD Asset Management Inc.• The Townsend Group• TIAA - CREF
    15. 15. Mainstream Involvement
    16. 16. How does GRI help?
    17. 17. GRI’s Vision & MissionVisionA sustainable global economy where organizationsmanage their economic, environmental, social andgovernance performance and impacts responsiblyand report transparently.MissionTo make sustainability reporting standard practice byproviding guidance and support to organizations.
    18. 18. The GRI Guidelines Environmental • EN 3 - Direct energy consumption by primary energy source Labor • LA 7 - Rates of injury, occupational diseases, lost days and absenteeism, and number of work related fatalities by region. Human Rights • HR 4 - Total number of incidents of discrimination and actions taken Product Responsibility • PR 6 - Programs for adherence to laws, standards, and voluntary codes related to marketing communications, including advertising, promotion, ad sponsorship. Economic • EC 4 – Significant financial assistance received from government.
    19. 19. Who are these Reporters?
    20. 20. Thank you Mike Wallace Director, Focal Point USA Global Reporting Initiative wallace@globalreporting.org +1 212 339 0356 Twitter: M_A_Wallace Linked In: http://www.linkedin.com/in/mikewallaceVenue, Date
    21. 21. Peer to PeerWhat are the top three challengesthe boardroom is facing relative to sustainability strategy and reporting?
    22. 22. Peer to PeerSelect the top challenge and using GRI’s criteria what can the board do to use this non-financial reporting to differentiate their business strategy?
    23. 23. Peer to PeerWhat are your recommendations to the boardroom to oversee this fast moving non-financial reporting for strategic advantage?

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