Lunch seminar with Alan Barlow - Doing What´s Right Increases Profits – University of Copenhagen

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Lunch seminar with Alan Barlow - Doing What´s Right Increases Profits

Proactively Doing What’s Right Increases Profits: Implications for Lawyers
By Alan Barlow

The main topic of the presentation is straightforward: Corporations by “proactively doing what is right increase their profits and sustainability”. In order to show this claim, I will first introduce a study carried out by Alex Edmans, Assistant Professor of Finance at the Wharton School of the University of Pennsylvania, in which he demonstrated by 27 year longitudinal analysis that companies listed in the 100 Best Companies to Work for in America generated 2.3% to 3.8% higher stock returns per year than their peers from 1984 through 2011. Edmans continues his analysis by analysing a critical dimension of Corporate Social Responsibility (CSR) — employee welfare. He focuses on this one dimension because past attempts at linking CSR to firm value have yielded variable results. Therefore, Edmans speculates this may be because some dimensions of CSR are beneficial to shareholders, while others may not be. However, what Edmans’ analysis is missing is the course of actions that a firm has to undertake in order to become “the best company to work for”.

Thus, the second part of the presentation focuses on “how” and it draws from recently published case studies from three international business executives, namely Charles Koch, owner of Koch Industries, John Brown, Chairman and CEO of BP and Alan Barlow, CEO of Hamworthy Combustion Group. The commonality of their experience is that an integrity based approach to business operations delivers superior financial results through applying the following analytical framework:

  • Introducing a compliance / integrity ethos; through
  • Ensuring that the “tone from the top” sets the right moral compass, plus
  • Driving a radical staff engagement and communications programme; and
  • Closing the feedback loop on all decisions, issues and actions between management and staff in a systematic manner that is demonstrated with metrics.This is the critical success factor. The other factors are necessary but not sufficient for success.

 “Doing what’s right, proactively” will be demonstrated through a case study of a high tech international engineering group - where the presenter was its CEO – reflecting the above analytical framework,

With corporations acting with heightened integrity, the final part of the session will question what the role of the lawyers in developing integrity is.

Time: Wednesday 6 April 2016, 12:00-13:00

Place: Meeting room 04-0-12, The Questor’s Building, Studiestraede 6, ground floor, DK-1455 Copenhagen K

You are welcome to bring your own lunch bag. Coffee/tea will be served.

Everyone is welcome, but please register no later than 5 April 2016 16:00 using this registration form

Alan Barlow: Alan has considerable international business experience with extensive P & L responsibilities for operations in Europe, USA, Asia Pacific, Middle East, East Africa, the subcontinent of India and BRICs. His business career is wide ranging: Partner with PwC; then Corporate Development Director of a FTSE 100 energy group; and, subsequently CEO of a mid-cap hi-tech engineering group. Currently, Alan has a portfolio of board memberships in the private and charity sectors - including Trustee of “Integrity Action” and Deputy Chairman of “The Centre for Effective Dispute Resolution”. He completed his doctorate degree in economics from Oxford University.