{"id":30738,"date":"2021-01-15T14:21:44","date_gmt":"2021-01-15T22:21:44","guid":{"rendered":"https:\/\/lapost.us\/?p=30738"},"modified":"2021-01-15T14:21:44","modified_gmt":"2021-01-15T22:21:44","slug":"cecp-virtually-convenes-ceos-of-the-worlds-largest-companies-third-meeting-focuses-on-public-and-corporate-sector-partnerships-for-recovery-in-2021","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=30738","title":{"rendered":"CECP Virtually Convenes CEOs of the World&#8217;s Largest Companies; Third Meeting Focuses on Public and Corporate Sector Partnerships for Recovery in 2021"},"content":{"rendered":"<p>NEW YORK, January 14, 2021 \/3BL Media\/\u00a0\u2014With the world closing out one of the most challenging years on record, yet still far from normalcy, leading corporate CEOs gathered virtually with\u00a0<strong>Joe Ucuzoglu, CEO, Deloitte US<\/strong>, for\u00a0<a href=\"http:\/\/cecp.co\/\" target=\"_blank\" rel=\"noopener\">Chief Executives for Corporate Purpose<\/a>\u2019s\u00a9 (CECP) CEO Virtual Roundtable Series. This closed-door roundtable examined how stakeholder capitalism evolved during the pandemic and sought to outline pathways for collaborative partnerships between business and government to make a positive impact. With 2021 offering a sense of renewal and revitalization, participants brought feelings of hope to the conversations. Attending the session were CEOs who are a part of CECP\u2019s coalition of more than 200 corporations collectively representing $11.2 trillion in annual revenue and\u00a0<a href=\"https:\/\/cecp.co\/gin\" target=\"_blank\" rel=\"noopener\">$23 billion in societal investment<\/a>.<\/p>\n<p>Key takeaways from the conversation include:<\/p>\n<ul>\n<li>Transparently communicating with employees remains critical as CEOs strive to find the right balance of information and empathy in their messaging.<\/li>\n<li>Indications of a strong market over the next 4-6 months are present because of increased focus on employee well-being, vaccine roll-out, and accelerated technological advances forced by the pandemic, but continued divisiveness among communities may be the biggest hurdle for CEOs to overcome.<\/li>\n<li>With an incoming administration and a split in Congress, less economic volatility is expected, as well as increased focus on climate and a low-carbon future.<\/li>\n<li>How CEOs are handling the pandemic and approaching vaccinations.<\/li>\n<\/ul>\n<p>\u201cBack in April, business was in a phase of reactively making change out of necessity,\u201d stated\u00a0<strong>Joe Ucuzoglu, CEO, Deloitte US<\/strong>. \u201cOur clients are now looking to the future, accelerating their investments in digital transformation to thrive in a post-pandemic world.\u00a0 I\u2019m optimistic about corporate performance with improving long-term fundamentals, but people are not yet feeling that in their daily lives. Business leaders must provide a bridge to help their people get through the next several months, including an intense focus on mental health and support for those with childcare responsibilities.\u201d<\/p>\n<p>\u201cReflecting on the hardships of the last 10 months, corporate purpose is more critical than ever,\u201d said\u00a0<strong>Daryl Brewster, CEO, CECP<\/strong>. \u201cOur conversations today about long-term capitalism are critical first steps in reinvigorating our country, communities, and companies. Joe\u2019s leadership in driving long-term business success through positive social impact at Deloitte offers us all a blueprint for how companies can co-steer towards a sustainable recovery.\u201d<\/p>\n<p>Ucuzoglu shared his point of view on the impact of 2020, including the political divisiveness and developments in the fight against Covid-19, on both the near-term business outlook and the future of stakeholder capitalism.\u00a0 Among the questions explored: How has stakeholder capitalism evolved during the pandemic?\u00a0 How can business and government work together to make a positive impact?<\/p>\n<p>CEOs from the following companies took part in the discussion:\u00a0<strong>PSEG, Empire State Realty Trust, Tata Consultancy Services, Deloitte, KPMG, Collette, and Mitsubishi International Corporation<\/strong><\/p>\n<p>CECP launched this series of CEO-only events building on learnings from\u00a0CECP&#8217;s\u00a0<a href=\"https:\/\/cecp.co\/home\/cecp-events\/board-of-boards\/\" target=\"_blank\" rel=\"noopener\">Board of Boards<\/a>, providing an opportunity to pause and share insight among CEOs who are leading the world&#8217;s largest organizations during unprecedented times. These virtual sessions are designed to convene CEOs for intimate conversations at a time when they seek the counsel of their peers on key issues.<\/p>\n<p>Past CECP CEO conversations include sessions with\u00a0<strong>James White, former CEO, Jamba Juice<\/strong>, on his\u00a0<a href=\"https:\/\/hbr.org\/2020\/07\/update-your-dei-playbook\" target=\"_blank\" rel=\"noopener\">DE&amp;I Playbook<\/a>, featured in Harvard Business Review, and with\u00a0<strong><a href=\"https:\/\/cecp.co\/wp-content\/uploads\/2020\/11\/Board_of_Boards_November_2020_FINAL.pdf\" target=\"_blank\" rel=\"noopener\">Brian Moynihan, Chairman &amp; CEO, Bank of America<\/a>\u00a0<\/strong>on the\u00a0<a href=\"https:\/\/www.weforum.org\/reports\/measuring-stakeholder-capitalism-towards-common-metrics-and-consistent-reporting-of-sustainable-value-creation\" target=\"_blank\" rel=\"noopener\">World Economic Forum ESG metrics<\/a>\u00a0effort, and\u00a0<strong><a href=\"https:\/\/www.guardianlife.com\/leadership\/deanna-m-mulligan\" target=\"_blank\" rel=\"noopener\">Deanna Mulligan, Board Chair, Guardian Life Insurance Company of America<\/a>\u00a0<\/strong>on her book\u00a0<a href=\"https:\/\/cup.columbia.edu\/book\/hire-purpose\/9780231179485\" target=\"_blank\" rel=\"noopener\">Hire Purpose<\/a>\u00a0and the future of work. Upcoming CEO events include:<\/p>\n<ul>\n<li>February 4, 2021 with\u00a0<strong>Richard Edelman, CEO, Edelman<\/strong>, on the annual Edelman Trust Barometer<\/li>\n<li>March 11, 2021 with\u00a0<strong>Bill McNabb, former Chair, Vanguard<\/strong>\u00a0and\u00a0<strong>Mauricio Gutierrez, CEO, NRG<\/strong>, with insights on the power of sharing Long-Term Plans<\/li>\n<li>And more to be announced.<\/li>\n<\/ul>\n<p>The events are limited to\u00a0<a href=\"http:\/\/cecp.co\/home\/our-coalition\/ceo-and-company\/\" target=\"_blank\" rel=\"noopener\">CECP CEOs<\/a>. CEOs interested in joining another event in the series, register,\u00a0<a href=\"https:\/\/cecp.co\/home\/cecp-events\/board-of-boards\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p>CECP is grateful to\u00a0<strong>KPMG, Newman\u2019s Own Foundation<\/strong>, and\u00a0<strong>USAA<\/strong>\u00a0for their support of the Board of Boards and CEO Virtual Roundtable series<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, January 14, 2021 \/3BL&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-30738","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/30738","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=30738"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/30738\/revisions"}],"predecessor-version":[{"id":30739,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/30738\/revisions\/30739"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}