A presentation given by Nicola Austin, Marketing Director of Opinion Leader Research, at the Tomorrow's Comany and OLR event, 'CSR in Recession'. In it she looks into consumer values and interest in sustainability and CSR.  You can hear the audio recording of the event to accompany this presentation here on forceforgood.com. 

For our second 'Tomorrow's Adaptive Organisation' roundtable, Ian Powell, senior partner and chairman of PwC UK, shared his vision of leadership and culture with us.  Ian Powell told his story of being a leader in a professional services firm – how he is a ‘lifer’ at PwC, and gradually moved up through the organisation until he became chairman of the UK firm in 2008. Through his different experiences in varying roles, he developed his leadership approach based on authenticity and integrity.  The first part of the report develops his vision and culture of PwC, aiming to be iconic – ‘the number one in professional services, always front of mind’. The second part  focuses on the alignment between behaviours and values.

   “A lack of long-term stewardship by company heads and shareholders is at the heart of the current financial crisis, an influential think-tank says in a report published on Wednesday. Tomorrow’s Company, whose previous research has helped shape UK company law, urges the government to understand better the effects of the growing “casino economy”, where activities such as derivatives trading are often far removed from the real economy activity to which they theoretically relate. The report warns against the search for scapegoats for the current crisis and says that it is wrong to attack private equity, hedge funds and sovereign wealth funds for irresponsibility, noting that different shareholders perform different functions. However, it condemns the practice of borrowing shares for voting purposes and asks if investors need to toughen up their engagement to change company behaviour or divest holdings in companies with particular shortcomings. Mark Goyder, Tomorrow’s Company...

Tomorrow’s Corporate Reporting: A critical system at risk focuses on the systems architecture and the behaviours and values of its stakeholders. Not on the content of the ‘ideal corporate report’. By corporate reporting we mean all the mechanisms by which companies communicate their performance and activity to their stakeholders, with a particular emphasis on the flow of information into the investment community.The study looked at:What aspects of the system are preventing or supporting the effective development of corporate reporting? And what changes are needed to make the system fit for purpose for the future? During the research, 145 individuals provided evidence, were interviewed or engaged through roundtable discussions, representing 118 organisations from 22 countries across five continents. The report explains the components of the current system and highlights that very few, if any, stakeholders see it as a system – rather they see particular pieces of the jigsaw. The...

The Black-Scholes model provides an important foundation for mathematicalmodels used for pricing options. Myron Scholes won a Nobel prize for this and related work. It has always been recognised that blindly following models exposes the user to unexpectedrisks since they are often at odds with reality. For some, such modelssymbolise the absurdity of much of modern financial structuring. Nicholas Taleb’s Black Swan theoryrefers to a large impact event beyond the realm of normal expectations, andhas come to represent an event, like the credit crunch, that conventional wisdom said could not happen.A White Swan is different.