CECP’s Strategic Investor Initiative Brings CEO Investor Forum and Effort to End Corporate “Short-Termism” to West Coast
CEOs of PG&E Corporation and Wells Fargo to present long-term strategic plans to investors representing $25 trillion in AUM
NEW YORK, April 6, 2018 /3BL Media/ — CECP: The CEO Force for Good announced that its Strategic Investor Initiative (SII) will host the CEOs of PG&E Corporation and Wells Fargo at a CEO Investor Forum on April 19, 2018, at NASDAQ in San Francisco, CA. This invitation-only event is SII’s fourth CEO Investor Forum and the first to be held on the West Coast. Investors and media interested in attending should register through SII’s web site. Registration closes this week.
Geisha J Williams, CEO and President of PG&E Corporation and Timothy J. Sloan, CEO and President of Wells Fargo, will present their respective company’s long-term strategic plans to a group of 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 more than 20 companies, such as Aetna, Allstate, Citi, Unilever, and Voya Financial.
“For too long, companies have sacrificed long-term value creation to generate short-term results, which erodes the sustainability strategic investors seek,” said Bill McNabb, Chairman, Vanguard and co-Chair, CECP’s Strategic Investor Initiative. “It’s through the groundbreaking efforts of the Strategic Investor Initiative that companies and investors can change how businesses plan and act. CECP, with the 200 global CEOs in their coalition, is the right organization to lead this transformation.”
CECP: The CEO Force for Good is a coalition of 200 of the world’s largest companies represents $7 trillion in revenues, $18.6 billion in societal investment, and 13 million employees. SII is a collaboration that leverages CECP’s CEO network to fundamentally change the conversation between CEOs, boards of directors, and investors, from short-term profits to sustained long-term corporate performance by including Environmental, Social and Governance (ESG) factors.
SII’s recent actions include nine members of SII’s Board of Advisors, led by Vanguard Chairman Bill McNabb, sending an 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 Investor Letter clarifies what investors want to hear from business leaders,” said Mark Tulay, Director of CECP’s Strategic Investor Initiative. “It’s a framework for CEOs to address how they’re positioning their companies for long-term growth, strategy, and risk. By laying out these strategies at events like our CEO Investor Forums, we aim to shift trillions of dollars of investor capital and reward companies that can mitigate these risks and leverage their opportunities.”
In addition to the CEO long-term plan presentations, the CIF will once again provide attendees with the opportunity to ask questions of presenters. It will also include educational sessions on topics related to the “long-termism movement,” directed by thought leaders from across sectors. Confirmed speakers include: Charles Penner, Partner, JANA Partners, LLC; Katherine Blue, Principal, Sustainability Services Network Leader, KPMG; Janine Guillot, Director of Capital Markets Policy and Outreach, Sustainability Accounting Standards Board (SASB); and Verity Chegar, Vice President, Sustainable Investing, BlackRock.
The fifth CEO Investor Forum will take place September 20, 2018, in New York City and will feature Mauricio Gutierrez, President and CEO, NRG Energy, Inc. and Martin Schroeter, Senior Vice President, IBM Global Markets, IBM Corporation. SII is accepting applications for company presentations, but few spaces remain. Contact SII Director Mark Tulay for more information, mtulay@cecp.co.
Investors and business leaders unable to attend the CEO Investor Forum in San Francisco and view the live webcast: http://www.wsw.com/webcast/cecp4
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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 $7 trillion in revenues, $18.6 billion in societal investment, 13 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.
