IBM, GSK, and NRG Energy to Present Long-Term Plans at CECP’s Strategic Investor Initiative’s Fifth CEO Investor Forum
NEW YORK--(BUSINESS WIRE)--Sep 18, 2018-- announced that its (SII) will host the CEOs of GSK and NRG Energy as well as a senior executive from IBM Corporation at the next CEO Investor Forum (CIF) on September 20, 2018. This invitation-only event is SII’s fifth CEO Investor Forum and will take place at Convene at Condé Nast at One World Trade in New York City. The event is at capacity and will be live streamed at http://www.wsw.com/webcast/ .
Emma Walmsley, CEO, GSK; Mauricio Gutiérrez, President and CEO of NRG Energy; and Martin Schroeter, Senior Vice President, IBM Global Markets, IBM Corporation will present their respective company’s long-term strategic plans to a group of long-term-oriented institutional investors and pension funds. At previous CEO Investor Forums, this audience has collectively represented $25 trillion in assets under management and featured the CEOs of nearly 25 companies, such as Aetna, Allstate, Citi, Unilever, and Voya Financial.
“More companies need to talk about their long-term planning more often,” said Daryl Brewster, CEO, CECP. “Yet, these CEO Investor Forums are the only forum where investors can hear directly from the highest leaders of companies about how they manage for the long-term. As we look to scale, we need more CEOs to join in the effort to explain to investors why their companies are a good long-term investment.”
Bill McNabb, Strategic Investor Initiative Co-Chair and Chairman, Vanguard, will also speak with SII Director Mark Tulay about a letter recently sent to nearly 50 CEOs of major companies. The letter, signed with SII’s other co-chair Alex Gorsky, Chairman and CEO, Johnson & Johnson, encouraged the CEOs to prioritize the communication of long-term strategic plans to investors.
“For too long,” said McNabb. “Companies have sacrificed long-term value creation to generate short-term results, which erodes the sustainability strategic investors seek.”
Harvard Business School Professor Dr. George Serafeim will keynote the event and present new research, “The Economic Significance of Long-Term Plans.” Additional speakers include: Morgan Williams, Foundational Data Product Manager, Bloomberg; Erika Karp, CEO, Cornerstone Capital; Cliff Young, President, Ipsos Public Affairs; Maggie De Pree, Global Co-Director, League of Intrapreneurs; Gib Bulloch, Founder, Accenture Development Partnerships; and Dana Bezerra, President, Heron Foundation.
In addition to the recent letter sent by Gorsky and McNabb, earlier this year nine members of SII’s Board of Advisors including McNabb, sent a separate open “Investor Letter” to CEOs of major companies. The letter poses seven questions every CEO should answer when presenting publicly-disclosed, investor-facing long-term plans. The questions relate to how companies position themselves for long-term growth, strategy, and risk.
“Our goal is to shift trillions in investor capital to companies who are able to best position themselves for long-term and sustainable financial results,” said Mark Tulay, Director of CECP’s Strategic Investor Initiative. “We see tremendous movement in this effort to end the short-term focus of Wall Street. From the engagement efforts of these CEOs at our CEO Investor Forums to the active interest of our prominent co-chairs to our Investor Letter earlier this year – the momentum is gathering.”
The sixth CEO Investor Forum will be held February 25, 2019 in New York. Confirmed speakers include Steven Collis, Chairman, President & CEO, AmerisourceBergen; Tim Hockey, President & CEO, TD Ameritrade Holding Corporation; and Marco Tronchetti, Executive Vice Chairman & CEO, Pirelli. SII is still accepting companies to present long-term plans, but few spaces remain. Contact Mark Tulay for more information, .
Investors and business leaders unable to attend the CEO Investor Forum can view the live webcast: http://www.wsw.com/webcast/cecp5
Media can contact firstname.lastname@example.org for more information.
The event is supported by KPMG, Ford Foundation, Bloomberg LP, and Heron Foundation.
ABOUT CECP: THE CEO FORCE FOR GOOD
CECP is a CEO-led coalition that believes that a company’s social strategy — how it engages with key stakeholders including employees, communities, investors, and customers —determines company success. Founded in 1999 by actor and philanthropist Paul Newman and other business leaders to create a better world through business, CECP has grown to a movement of more than 200 of the world’s largest companies that represent $11.3 trillion in revenues, $23.8 billion in societal investment, 17.4 million employees, and $15 trillion in assets under management. CECP helps companies transform their social strategy by providing customized connections and networking, counsel and support, benchmarking and trends, and awareness building and recognition.
ABOUT THE STRATEGIC INVESTOR INITIATIVE
The Strategic Investor Initiative is a coalition of thought leaders committed to the long-term movement. Collectively, SII is developing a new platform for leading companies to create, convey, and deliver long-term plans to long-term investors. SII’s vision is to spark the movement of trillions of dollars of capital to companies demonstrating performance excellence over the long-term. SII provides tools and resources designed to introduce and support market behaviors that ultimately deliver sustained long-term value for all stakeholders.
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PUB: 09/18/2018 01:11 PM/DISC: 09/18/2018 01:11 PM