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Partnering to Strengthen Public Governance: The Leadership Challenge for CEOs and Boards
The rationale for business to engage in efforts to strengthen public governance is strong. Governance frameworks that enable sustained economic growth are far more likely to be developed if businesses collectively engage and capture the opportunities to align governance structures with their goals for advancing sustainable business practices.
At the World Economic Forum Annual Meeting 2008 in Davos, the Global Corporate Citizenship Initiative Advisory Committee to the World Economic Forum, consisting of selected corporate heads of corporate citizenship as well as renowned experts, presented a thought leadership workstream on Partnering to Strengthen Public Governance: The Leadership Challenge for CEOs and Boards.
The project has attempted to improve understanding of the business case for improved public governance and provide guidance on how businesses can engage in public-private efforts to strengthen the effectiveness of such frameworks and institutions. The outcome of the project is a CEO-signed leadership statement and supporting report, which provides a roadmap for business leaders seeking to work with governments to improve the enabling environment for sustainable economic growth and development.
The GCCI Advisory Committee member companies are: Ayala, Deloitte, Deutsche Bank, Diageo, Ernst & Young, KPMG, Merck, Microsoft, Pakistan State Oil Company Limited (PSO), PricewaterhouseCoopers, Tata, The Coca-Cola Company.
Read the press release
 Logistics and Transportation Industry:
Principles of Corporate Citizenship
In line with the mission of the Global Corporate Citizenship Initiative (GCCI), CEOs of companies representing the Logistics and Transportation sector have called on their industry peers to place corporate citizenship at the core of their business strategy.
In a joint statement by a group of CEOs representing the Forum’s Logistics and Transportation Corporate Citizenship Initiative (L&TCCI), they presented eight Corporate Citizenship principles committing them to uphold human rights, labour standards and environmental protection. They also agreed to coordinate efforts to address the industry’s affect on society, its relationship with stakeholders as well as harnessing core competancies in logistics and transportation in order to better help those in dire need. Partnership programmes include delivering emergency humanitarian assistance, food aid, AIDS medicines and computers.
The L&TCCI brings together major companies in sectors spanning shipping, air, road and rail transportation as well as postal services, freight, express and logistics activities. It is a unique example of how companies within an industry sector can work together to address issues of common concern and demonstrate a proactive contribution to sustainable development.
Logistics and Transportation Corporate Citizenship Initiative
(64 pages; 2.4mb) I “Principles of Corporate Citizenship”
(3 pages; 50k) I Logistics & Transportation Corporate Citizen Initiative 2004-2006
(6 pages; 70k)
Partnering for Success: Business Perspectives on Multistakeholder Partnerships
Nine out of ten surveyed CEOs feel that partnerships between business, government and civil society must play either a major role or some role in addressing key development challenges facing the world today.
Executive summary
(10 pages; 304k) I Full report
(48 pages; 1.1mb) I Low res version
(48 pages; 792k) I Press release
Mainstreaming Responsible Investment report: Major improvements in pension fund governance needed
This report, produced with AccountAbility, finds that the mainstream financial community places little emphasis on social, environmental and ethical issues in its investment decisions. Yet a company that profits while doing harm to the community is likely to suffer in the long run.
Executive summary
(8 pages; 487k) I Full report
(62 pages; 541k) I Press release
The views expressed by the authors are theirs alone and not necessarily those of their organization.
Blended Value Investing:
The World Economic Forum's Global Foundations Leaders Advisory Group (FLAG) presented a report at the Skoll World Forum on Social Entrepreneurship held at Oxford University.
Download the full report
(78 pages, 2.3MB) I Preface
(1 page, 66k) I Innovations in debt financing
(1 page, 66k) I Credit guarantees and enhancements
(16 pages, 533k) I Innovations in Private equity investing
(2 pages, 80 k) I Conclusion
(11 pages, 220 k)
CEO Survey:
Responding to the Leadership Challenge: Findings of a CEO Survey on Corporate Citizenship
(32 pages; 329k) I
Questionnaire: how is your CEO and company addressing the challenge of corporate citizenship?
(5 pages; 44k)
Key messages from the survey:
- The power of personal leadership: The role of the chief executive as a champion of corporate values and as a consensus builder is critical.
- A growing link with corporate governance: Most of the companies surveyed have established governance structures and processes at the board level or senior executive level to monitor the company’s wider social, economic and environmental performance.
- A major emphasis on internal processes: 90% of the CEOs listed the internal communication of values and policies as key to embedding corporate citizenship.
- A challenge for companies everywhere: Regardless of the culture and ownership structure, a values-based approach to leadership emerges as a common aspiration. Some of the most innovative practices are being undertaken in developing countries.
- Strength in collective action: Almost all of the CEO respondents are personally involved in collaborative efforts addressing specific challenges of corporate responsibility or governance that cannot be tackled alone.
CEO statement:
Global Corporate Citizenship: The Leadership Challenge for CEOs and Boards
(16 pages, 220 k)
The joint statement recommends a framework for action that executive management teams can use to develop a strategy for managing their company's impact on society and its relationships with stakeholders. The framework produces a template for a leadership process within the company and is intended to be complementary to the various voluntary corporate citizenship principles and guidelines that have been developed in specific issue areas. Our aim is not to focus on specific definitions, but to emphasize the point that these issues are not an ‘add-on’ but fundamental to core business operations and to identify some key leadership actions that can be adapted by most business leaders to their own circumstances.
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