Dear Fellow Supporters of Integrated Reporting,

This is a Special Edition of my newsletter to inform you about the CECP CEO Investor Forum 2.0 held on September 19 at the Bloomberg headquarters in New York City. This pioneering event, convened by CECP’s Strategic Investor Initiative (SII) gave corporate leaders with a combined market cap of $466 billion an opportunity to present long-term plans for sustainable value creation to long-term investors representing AUM of over $20 trillion.

SII has convened the CEO-Investor Forum to help re-orient the dialogue between corporations and their shareholders toward long-term value creation. As the readers of my newsletter will agree, excessive short-termism is bad for corporations and investors, and that existing corporate-shareholder communications, centered around what Larry Fink calls “quarterly earnings hysteria,” appear to amplify short-term pressures.

The SII team worked with presenting corporations preparing long-term plans to incorporate key elements for long term investors, which were set out in:

• Journal of Applied Corporate Finance,
• MIT Sloan Management Review, and
• Top1000Funds.

In summary, these elements are (from Responsible Investor):

CEOs spending more time talking about their future story, talking about their long-term capital allocation plan, and, within the long-term capital allocation plan, to focus on ESG factors, especially laying out long-term measures for five years ahead … It’s an opportunity to present stepping stones or building blocks for the long term.

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Kind regards,

Bob