The 2008 programme began by looking at how to build High Performance Work Environments. Whilst many organisations aspire to attain this, few have succeeded. Professor Bill Pasmore outlined his views and illustrated these with case studies.
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As part of our continuing interest in the impact of Government on remuneration, our April Breakfast Briefing on Tax Simplification explored the taxation environment within which we operate. This was run by Dr Madsen Pirie of the Adam Smith Institute.
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Employee Wealth Creation as a Lever for Organisation Change was our May topic. Here, we directed our ongoing focus on the unfolding crises and developments in pension provision to the specific issue of how the traditional pension benefit plan approach can become a key tool in shaping the employment deal. Richie Furlong and Marc Hommel (PwC) led this session, drawing on both expert input and case studies from a number of organisations, including several PARC members, as the basis of a facilitated discussion.
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In June, Dr Steve Kerr, Senior Advisor to Goldman Sachs, led a Breakfast Briefing on Organisational Reward and Measurement Systems, including an exploration of current thinking among ‘best practice’ organisations.
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As in 2007, we hosted the PARC Keynote Speech at our Summer Party in July, where members were again able to question the views of a renowned speaker on a topical subject. This year, Anthony Hilton of the Evening Standard tackled the issue of Performance Pay: Recipe for Disaster.
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Given the constantly evolving nature of the executive pay scene, our Breakfast Briefing in September focussed on Keeping up to date with Issues in Senior Executive Pay. It was led by Carol Arrowsmith of Deloitte & Touche and members took part in a well-informed session based on her respected views.
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As an additional event to our programme, we are delighted to welcome Bob Cowell of Makinson Cowell who will be sharing his thoughts on how the FTSE top 50 understand what their investors think about them.
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In November, we presented the findings of our second research project – Managing Executive Performance for Organisational Results. This explores how the performance of senior executives is managed and, by evaluating the processes used to define executive performance, measure delivery and link executive goals to organisational strategies, how the links to reward really operate. This research was led by David Lincoln and Peter Christie (Hay) with Dr Wendy Hirsh. PARC members were invited to contribute to this work.
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The year concluded with our Annual Review and 2009 Programme Launch.
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