Stakeholder Engagement - Stakeholder Primacy: Increased Emphasis on ESG
In August 2019, the Business Roundtable in the US released the ‘Statement on the Purpose of a Corporation’, signed by 181 CEOs who committed to leading their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. The shift of focus from shareholders to all stakeholders has prompted Boards to pay closer attention to Environmental, Social and Governance (ESG) measures - especially human capital management, as a critical part of the “S” in ESG.
The ongoing COVID-19 pandemic has brought human capital and ESG issues to the forefront of most companies’ responses. While some companies are integrating ESG in their management and human capital systems, there is still work to do to balance the needs of multiple stakeholders.
In this session, we will discuss key ESG metrics, how they can be integrated in incentive plans, and the drivers and issues for increased human capital governance, including culture.
ICDM Faculty and Managing Director, Global Leader - Executive Compensation and Governance, Willis Towers Watson
Shai is the Managing Director, Global Practice Leader - Executive Compensation of Willis Towers Watson. As one of ICDM’s esteemed Faculty Members, he has been conducting multiple development programmes for ICDM for both bespoke and public, focusing on HR and talent matters for directors. He serves on the Compensation Committee of a leading FMCG company in ASEAN, the Human Resource and Finance Committees of not-for-profit organisations in Singapore and as a non-executive director of a listed company in Singapore.
His expertise is in the diagnosis, design and implementation of human capital solutions; notably board and executive reward frameworks, long and short-term incentive plans (equity and cash based), sales force effectiveness, organisational development, career architecture, change management and culture transformation – in other words, the attraction-motivation-retention-productivity strategies. Shai is passionate about enhancing corporate governance in Asia, helping companies make informed people-decisions based on sound analytics, as well as building and growing teams in new markets.