ICGN-IIRC Conference 6-7 Dec 2016: Dialogue for longer-term value creation – Bridging the gap between participants in the capital markets

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On 6-7 December 2016 the International Integrated Reporting Council, in partnership with the International Corporate Governance Network, is hosting a conference that will address how to properly integrate the consideration of long term value drivers in pursuing the success of companies – ultimately contributing to a more sustainable capital market system.

The conference will be held at the Tower Hotel, London, reserve your place now by registering here.

Highly experienced commentators from corporate boards, management, investment, audit and assurance will share their perspectives on how to achieve ‘integrated thinking’ across governance, strategy, performance and future prospects and how this translates into a narrative that facilitates informed investment decision making.


Agenda Overview

 

Tuesday 6th December 2016 (Day 1)

Evening

17:00 – 17:15 Welcome remarks from Erik Breen, Chairman, ICGN and Mervyn E. King, Chairman, IIRC Council
17:15 – 17:25 ICGN Lifetime Achievement Award
17:25 – 17:50 Opening Keynote from Bertrand Badré, Former Managing Director and Group CFO, World Bank
17:50 – 18:50 Plenary one: Aligning the capital market system for 21st century needs

What can key players in the capital markets system do to achieve the right outcomes for longer-term growth? What roles should investors, corporates and governments take to ensure the capital market works as it was intended? What’s not working now? What outcomes are we aiming for? (E.g., more investment in innovations, ensuring a skilled workforce, essential infrastructure for future growth). How can that be achieved and what are the levers to influence the right behaviour?

18:50 – 19:50 Welcome Reception. Sponsored by AICPA and CIMA (CGMA)
19:50 – 21:30 Conference Dinner

 


 

Wednesday 7th December 2016 (Day 2)

Morning

07:15 – 09:00 Registration
07:30- 08:45 Breakfast briefing one: Building credibility and trust around corporate reporting innovations. Hosted by CAQ

Breakfast briefing two: How the C-Suite sees long term value creation. Hosted by AICPA, CIMA, Black Sun and the IIRC

How does the C-Suite perceive value creation and how is it best communicated? Creating and evidencing value over the short, medium and long term is more than part of running an effective business; it is the purpose of business. Not just for investors and management, but for wider stakeholder groups. It is also an integral aspect of corporate reporting. Bringing together financial information with data on intangibles and all value drivers improves business performance and reporting quality; but what do those at the top think about this? There is strong indication from executives that attitudes concerning business and stakeholder value creation need to change; but how will this be driven? What are the impacts for both businesses and stakeholders? In which ways can Integrated Reporting support this? Come along to hear the findings of our latest research and more.

09:00 – 09:20 Welcome remarks from Kerrie Waring, Executive Director, ICGN, UK and Richard Howitt, CEO, IIRC
09:20 – 10:20 Plenary two: Building multi-capital business models for future value

Capital markets are globalising and must adapt to new environmental challenges, technological advancements and demographic change. What effects do these trends have on developing resilient business models and how can investors be clearer about future prospects arising from these effects? What more should companies do to communicate value derived from such effects, including human, intellectual and relationship capital?

10:20 – 10:50 Refreshments
10:50 – 11:50 Plenary three: Case study: How companies are meeting the information challenge with <IR>

What makes information authentic/ fit for purpose for both management and investors? How do we navigate standards and priority stakeholder needs to provide integrated information for decision making? What are the best ways to communicate the strategic plan for creating value over the short, medium and long-term? Getting the strategy right on factors including; business context, risks/opportunities, materiality and connectivity.

 

Afternoon

12:00 – 13:15 Hosted workshops

1. Non-GAAP measures that support investor insight. Hosted by KPMG

Non-GAAP measures are a key feature of investment analysis, but investor concerns over the relevance and veracity of Non-GAAP adjustments have largely gone unanswered.  At the same time the availability of investor-relevant operational performance measures envisaged by frameworks such as integrated reporting remains patchy.  There’s clearly room for improvement.  So, what are the practical steps needed to support a healthier approach to non-GAAP [and other operational performance measures]?  What should be done to bring them closer to the ‘investment grade’, already in place for GAAP reporting?

2. Corporate governance, ESG and long term investing. Hosted by MSCI

Examining current efforts to encourage long-term investing and how long term active management strategies differ from the norm? How can passive strategies help investors with a long term perspective and what role do CG/ESG play in long term investing strategies?

3. Journeys to Integrated Reporting: Real-life case studies. Hosted by ACCA

Each company’s path to integrated reporting is unique: some companies explicitly report under the International <IR> Framework; some use the International <IR> Framework to guide certain aspects of their reporting processes; others look to first embed integrated thinking into their organization and operations, before adopting integrated reporting. In this workshop, preparers at the forefront of integrated reporting practice will take to the floor to discuss how they came to integrated reporting: how <IR> has changed the way in which they engage with investors and other stakeholders, how it has changed the way the organization operates, and where they go from here.

4. Encouraging long-termism: Shifting the balance from historic to predictive information. Hosted by PwC

Exploring how the reporting model can meet investor needs for long term investment and engage other stakeholders to build long-term trust. Join PwC for an interactive debate with investors and businesses. PwC will be sharing their latest market research and practical tools to drive more predictive information.

5. Corporate governance in action – case studies of Petrobas, Libor & SAC Capital. Hosted by Pomerantz 

This session will review the developments of the Petrobras, Libor & SAC Capital cases examining the regulatory, corporate governance and litigation issues in each case and how shareholders could exert their rights against these companies. The panel will offer perspectives on the differences/similarities between the legal possibilities available in the North and South America and Europe to prevent misconduct whilst improving corporate health and building long-term shareholder value.

13:15 – 14:20 Lunch
14:20 – 15:20 Plenary four: The investor view: assessing a company’s long-term objectives and performance

How are investors using the information provided by corporate reporting to uncover and understand the key drivers of business value over the long-term. How do they incorporate this into their investment decision-making? How are investors driving positive change in reporting practice and regulation? What are the practical challenges and how might they be overcome? Can integrated reporting aid in strengthening a more purposeful engagement between investors and companies?

15:20 – 15:50 Refreshments
15:50 – 16:20 Afternoon Keynote: Sir Win Bischoff, Chairman, Financial Reporting Council
16:20 – 17:20 Plenary five: How can our corporate reporting infrastructure support effective decision making for the short, medium and longer-term?

We currently have a disjointed system for corporate reporting that companies and investors find hard to navigate. In the absence of globally accepted standards for value creation, companies and investors alike rely on multiple frameworks, standards, goals, as well as governance and stewardship codes. How do we get to a shared understanding of a ‘corporate reporting system’ that enables material information from integrated thinking to inform effective longer-term capital allocation decisions. What market-led initiatives are under way? How can we encourage buy-in for the right way forward?

17:20 – 17:30 Closing Remarks from Richard Howitt, CEO, IIRC
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