{"id":16903,"date":"2019-05-09T21:05:18","date_gmt":"2019-05-10T04:05:18","guid":{"rendered":"https:\/\/lapost.us\/?p=16903"},"modified":"2019-05-09T21:05:18","modified_gmt":"2019-05-10T04:05:18","slug":"leading-utilities-ceos-present-long-term-plans-to-investors-at-7th-ceo-investor-forum","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=16903","title":{"rendered":"Leading Utilities\u2019 CEOs Present Long-Term Plans to Investors at 7th CEO Investor Forum"},"content":{"rendered":"<div id=\"fmr-subtitle\">\n<div class=\"field field-name-field-fmr-subtitle field-type-text field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">Presentations address information needs of institutional investors, representing more than $25 trillion in AUM<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"fmr-associated-content-region\">\n<div id=\"fmr-blog-mm-item\"><a class=\"colorbox init-colorbox-processed cboxElement\" href=\"https:\/\/www.3blmedia.com\/sites\/www.3blmedia.com\/files\/images\/Onyx_Room.jpg\"><img decoding=\"async\" title=\"\" src=\"https:\/\/www.3blmedia.com\/sites\/www.3blmedia.com\/files\/styles\/fmr_page_photos_blog\/public\/images\/Onyx_Room.jpg?itok=OD52sm5n\" alt=\"\" \/><\/a><\/div>\n<div id=\"blog-img-caption\"><\/div>\n<\/div>\n<div class=\"fmr-tweet--contents\">\n<div class=\"fmr-tweet--label\"><i class=\"fa fa-twitter\"><\/i>\u00a0CHICAGO, May 8, 2019 \u2014 CECP\u2019s <a href=\"http:\/\/cecp.co\/home\/our-coalition\/strategic-investor-initiative\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Strategic Investor Initiative<\/strong><\/a>\u00a0(SII) hosts the seventh\u00a0<strong>CEO Investor Forum\u00a0<\/strong>in Chicago, with long-term plan presentations by the CEOs of\u00a0<strong>American Electric Power<\/strong><strong>(AEP)\u00a0<\/strong>and<strong>\u00a0Public Service Enterprise Group (PSEG)<\/strong>\u00a0to institutional investors. The event will also feature an\u00a0<strong>Executive Workshop<\/strong>\u00a0for investor relations, corporate social responsibility, and sustainability professionals to strategize together on the development of long-term investor facing plans at their companies. Previous CEO Investor Forums have\u00a0<a href=\"http:\/\/cecp.co\/home\/our-coalition\/strategic-investor-initiative\/past-cif-events\/\" target=\"_blank\" rel=\"noopener noreferrer\">featured the CEOs of nearly 30 companies<\/a>, such as\u00a0<strong>Allstate, IBM, Unilever,\u00a0<\/strong>and<strong>\u00a0Voya Financial.<\/strong><\/div>\n<\/div>\n<div class=\"content\">\n<div id=\"fmr-body\">\n<div class=\"field field-name-field-fmr-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>Date:<\/p>\n<ul>\n<li><strong>SII\u2019s 7<sup>th<\/sup>\u00a0CEO Investor Forum<\/strong>: Wednesday\u00a0May 8, 2019,<strong>\u00a0<\/strong>8:00 a.m. \u2013 12:00 p.m. CT<\/li>\n<li><strong>Venue:<\/strong>\u00a0Union League Club of Chicago, 65 West Jackson Boulevard, Chicago, IL<\/li>\n<li><strong>Luncheon:\u00a0<\/strong>12:00 p.m. \u2013 1:30 p.m.\u00a0 CT (for CIF and workshop participants)<\/li>\n<li><strong>Executive Workshop<\/strong>: 1:30 p.m. \u2013 3:30 p.m. CT<\/li>\n<\/ul>\n<p>A CECP and KKS, Harvard Business School report,\u00a0<a href=\"http:\/\/cecp.co\/wp-content\/uploads\/2018\/11\/Economic-Significance-Final-Report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><em>The Economic Significance of Long-Term Plans<\/em><\/strong><\/a><strong><em>,<\/em><\/strong><a href=\"http:\/\/cecp.co\/wp-content\/uploads\/2018\/11\/Economic-Significance-Long-Term-Plan-Presentations-Press-Release-FINAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">found early evidence<\/a>\u00a0that the presentations at CEO Investor Forums triggered abnormal market returns of 1.83% and share turnover of 7.6%. Companies that communicated plans with higher-quality information \u2013 particularly around the themes of Corporate Purpose and Competitive Positioning \u2013 also saw higher market reactions.<\/p>\n<p>Building on a significant body of original research and ongoing feedback from institutional investors, SII has\u00a0<a href=\"https:\/\/cecp.co\/home\/our-coalition\/strategic-investor-initiative\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>released a template<\/strong><\/a>\u00a0for companies seeking to develop and communicate effective long-term strategic plans that help inform investment, voting, and engagement decisions. According to buy-side investors, the long-term should be described in terms of goals, metrics, and milestones, to enable a deeper understanding of the strategy and to track progress as it is implemented.<\/p>\n<p>The CEO Investor Forum audience of institutional investors will hear long-term plan presentations from:<\/p>\n<ul>\n<li>Nicholas K. Akins, Chairman, President &amp; CEO,\u00a0<strong>AEP<\/strong><\/li>\n<li>Ralph Izzo, Chairman, President &amp; CEO,\u00a0<strong>PSEG<\/strong><\/li>\n<\/ul>\n<p>In addition, confirmed speakers include:<\/p>\n<ul>\n<li>Bill McNabb, former Chairman &amp; CEO,\u00a0<strong>Vanguard<\/strong>\u00a0and co-chair, CECP\u2019s Strategic Investor Initiative<\/li>\n<li>Ilene S. Gordon, retired Chairman, President &amp; CEO,\u00a0<strong>Ingredion<\/strong><\/li>\n<li>Jon Hale, Global Head of Sustainability Research,\u00a0<strong>Morningstar, Inc.<\/strong><\/li>\n<li>Donna F. Zarcone, President &amp; CEO,\u00a0<strong>The Economic Club of Chicago<\/strong><\/li>\n<\/ul>\n<p>&#8220;For too long, companies have sacrificed long-term value creation to generate short-term results, which erodes the sustainability strategic investors seek,\u201d said Bill McNabb, Former Chairman,\u00a0<strong>Vanguard<\/strong>;\u00a0<strong>SII Advisory Board Co-Chair<\/strong>. \u201cIt\u2019s 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.&#8221;<\/p>\n<p>\u201cThe world\u2019s largest asset managers are unambiguous in their mandates for companies to demonstrate long-term value creation,\u201d said\u00a0<strong>Daryl Brewster<\/strong>,\u00a0<strong>CEO, CECP<\/strong>. \u201cThrough the CEO Investor Forums, CECP is providing an opportunity for companies and their CEOs to share their long-term visions and be on the leading edge of market-changing innovation.\u201d<\/p>\n<p>The event will be webcast live beginning at 8:00 a.m. CT:\u00a0https:\/\/cecp.me\/305Imis<\/p>\n<p>While each long-term plan presentations are unique, CEOs presenting at CEO Investor Forums address three main themes:<\/p>\n<ol>\n<li><strong>Growth<\/strong>: CECP suggests CEOs talk about plans for future growth, with goals, metrics, or milestones mapping to future years with a minimum five-year trajectory. Companies should articulate their view of the future market place, their industry\u2019s operating environment, how future trends may affect their company\u2019s operations, and how their growth plans address these related opportunities.<\/li>\n<li><strong>Strategy<\/strong>: The CEO should consider including overarching commentary on the role of the Board of Directors in formulating the long-term strategy and its processes for monitoring management in delivery of the plan. This is intended as a focused narrative about future performance, not past performance.<\/li>\n<li><strong>Risk<\/strong>: A long-term plan provides a corporation with an opportunity to communicate its view of key financially material risks, including long-range mega-trends (such as climate-related risks) and the relevant frameworks used to identify environmental, social, and governance (ESG) factors. The majority of this discussion should ideally focus on the strategy and resources allocated to address future risks.<\/li>\n<\/ol>\n<p>Following the CEO Investor Forum, the two-hour Executive Workshop hosted by SII will take business leaders through all aspects of developing a long-term plan. The session was designed to enhance collaboration between the different departments involved in planning for a company&#8217;s long-term growth, strategy, and risk. Topics will include:<\/p>\n<ul>\n<li>The business case to deliver a long-term plan<\/li>\n<li>What long-term oriented investors do and do not want to see in a long-term plan presentation (LTP)<\/li>\n<li>Best practices in developing a long-term plan<\/li>\n<li>How to create a long-term plan<\/li>\n<\/ul>\n<p>SII is co-chaired by Bill McNabb, former Chairman &amp; CEO,\u00a0<strong>Vanguard<\/strong>, and Alex Gorsky, Chairman &amp; CEO,\u00a0<strong>Johnson &amp; Johnson<\/strong>. SII\u2019s\u00a0<a href=\"https:\/\/cecp.co\/home\/our-coalition\/strategic-investor-initiative\/sii-advisory-board\/\" target=\"_blank\" rel=\"noopener noreferrer\">Advisory Board is composed of leading investors<\/a>\u00a0representing more than $15 trillion in assets under management.<\/p>\n<p>The seventh CEO Investor Forum is generously supported by\u00a0<strong>KPMG<\/strong>. SII is also supported by\u00a0<strong>Bloomberg LP, the Ford Foundation<\/strong>,\u00a0<strong>Heron Foundation,\u00a0<\/strong>and the<strong>\u00a0Robert Wood Johnson Foundation<\/strong>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Presentations address information needs of institutional&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-16903","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/16903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16903"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/16903\/revisions"}],"predecessor-version":[{"id":16904,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/16903\/revisions\/16904"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}