Two years into the 2020s and already the last decade is looking straightforward and uncomplicated by comparison. Accelerating focus on climate change, geopolitical volatility, ‘pandemo-phobia’, shifting expectations of companies and the inexorable march of technological and demographic change will shape the economic and business environment of the coming decade.
What should businesses do to prepare – and what is the role of reward in creating focus on the critical “must win battles” that will sustain companies through this challenging period? We will hear critical insights from financial commentators, business academics and reward professionals, giving their perspectives on how companies might respond to this rapidly changing business environment.
Philip Stephens of the Financial Times will give his assessment from the perspective of international business:
- Making our way in the new world disorder
- The contest between globalism and nationalism
- Geopolitical shifts – the future of the west
- Britain – still searching for a role.
London Business School’s Rebecca Homkes will look at how organisations will need to adapt and respond during a period of radical uncertainty. Developing strategy in the current environment requires the ability to navigate ‘perfect storms’ in the short term, whilst still keeping an eye on the horizon:
- Scenario planning
- Agility – moving at speed and changing direction
- Spreading your bets
- Moving fast but cautiously.
Tom Gosling, former reward specialist at PwC, now thought leader at London Business School, will examine the tensions between increased public scrutiny and reporting requirements on the one hand, and the flexibility to make rapid shifts in strategy and direction. How to balance the need to improve financial performance with the pressure to ‘do the right thing’?
Recognising the global pivot to Asia, Jason Shaw will give us an insight into the specific challenges and opportunities in that diverse region. How can companies remain competitive in the war for talent – focusing on reward strategies appropriate to the unique features of Asian markets.
Peter Boreham, as Mercer’s Practice Leader for reward in Europe, will examine how companies are developing responses to these challenges in this (also diverse) region.
This will be an invaluable opportunity for PARC members to explore themes and discuss strategies and responses with expert speakers and fellow Reward professionals.
European Practice Leader for Executive Reward, Mercer
Peter is Mercer’s UK and European Practice Leader for executive reward, based in London. He has over twenty years’ experience advising the remuneration committees and management teams of major companies on executive compensation matters. Peter has worked with a wide variety of leading organisations in the UK, the rest if Europe and North America including AMG Advanced Metallurgical Group, Arm Holdings, Barrick Gold, Carlsberg Costa, Dialight, DSM, EMIS, Equinor/Statoil, Ericsson, Galliford Try, Gulf Keystone Petroleum, ISS World, Novartis, OCI, Pandora, Synthomer, TClarke, and Volvo.
Executive Fellow, London Business School
Tom is an Executive Fellow in the Department of Finance at LBS where he contributes to the evidence-based practice of responsible business by connecting academic research, public policy, and corporate action. He works with the Centre for Corporate Governance and the Leadership Institute at LBS. He has 20+ years experience as a board advisor. Most recently as a senior Partner at PwC where he established and led the firm’s executive pay practice, advising FTSE-100 and equivalent private and European companies on corporate governance and executive pay. Tom is also a member of the Steering Committee of The Purposeful Company, a think tank devoted to identifying ways in which the UK corporate governance environment can be developed to support companies that create profit through fulfilling a purpose that benefits society. Tom is a regular commentator in print, broadcast, and social media. He presents the Grow the Pie podcast series with Alex Edmans, Professor of Finance at London Business School, looking at the evidence base in support of responsible business. Tom has a PhD in Applied Mathematics and is a Qualified Actuary.
Dr. Rebecca Homkes
High-Growth Strategy Specialist, London Business School and Educator at Duke Corporate Education
Dr. Rebecca Homkes is a high-growth strategy specialist with the London Business School’s Dept of Strategy and Entrepreneurship, an Educator at Duke Corporate Education, and a previous Fellow at the London School of Economics’ Centre for Economic Performance. With her boutique consultancy, she advises CEOs and executive teams of top global companies and fast-growing enterprises on developing and executing growth strategies through extreme uncertainty. Homkes is the director of the global Active Learning Programme for the Young President’s Organization; a partner with GrowthX, a Silicon Valley investment ecosystem and innovation consultancy; and is the faculty lead of two large Fintech scaling and accelerators. A global keynote speaker, she is a member of several advisory boards, directed the joint McKinsey & Co and LSE Centre for Economic Performance Global Management Project since 2007 and has written for publications such as the Harvard Business Review, Businessweek, Fortune, and Forbes. A Marshall Scholar, she received her PhD and MSc from the LSE in International Economy. Prior to LSE, Homkes received two degrees at Indiana University: BS (Honors) in business administration alongside a BA (Honors) in Political Science where she was a Wells Scholar and graduated as the schools’ top graduate in 2005 and its sole Herman Wells Scholar. She previously served as a Fellow at the White House’s President’s Council of Economic Advisors and has worked in strategy consulting with Bain & Co.
Shaw Foundation Chair in Business at the Nanyang Business School at Nanyang Technological University, Singapore
Jason D. Shaw is the Shaw Foundation Chair in Business at the Nanyang Business School at Nanyang Technological University, Singapore. He was formerly (2017-2019) the Editor-in-Chief of the Academy of Management Journal, the leading empirical journal in the field of management. His research has appeared or been accepted for publication in the Academy of Management Journal, Academy of Management Review, Journal of Applied Psychology, Organization Science, Strategic Management Journal, Organizational Behavior and Human Decision Processes, Personnel Psychology, and Journal of Management, among other scientific outlets. He also publishes frequently in practitioner-oriented journals such as The Journal of Total Rewards, Compensation and Benefits Review, World@Work Journal, and the Harvard Business Review. He has been invited for visiting scholar positions and other speaking engagements in China, Vietnam, Nepal, Finland, Austria, Denmark, Norway, England, Germany, Hong Kong, Spain, Israel, Macau, Ghana, Ethiopia, Nigeria, Sri Lanka, The Netherlands, New Zealand, Czech Republic, Ireland, Belgium, Taiwan, Singapore, Iceland, Australia, Canada, Belgium, Estonia, France, Thailand, Switzerland, United Arab Emirates, Chile, United Kingdom, India, and the USA. Prior to his academic career, he was an analyst for the Boeing Company. He received his Ph.D. from the University of Arkansas in 1997.
Writer, Commentator and Historian
Philip Stephens is a writer, commentator and historian. His latest book Britain Alone: the Path from Suez to Brexit, was published by Faber in London and New York in 2021. Stephens is a Contributing Editor at the Financial Times where he was previously Director of the Editorial Board and Chief Political Commentator. He is an Honorary Governor of the Ditchley Foundation and a member of the steering group of the Anglo-French Colloque. He is a Richard von Weizsacker fellow at the Bosch Academy in Berlin. He is a frequent speaker and moderator at international conferences on European, transatlantic and global affairs, and offers analysis and advice to business leaders on geopolitical risk. He has spoken and moderated in recent years at events hosted by Chatham House, the Xiangshan Forum, the International Institute for Strategic Studies, Aspen Italia, the German Marshall Fund, the Asan Forum, the Stockholm China Forum, the Franco-British Colloque and the Munich Security Conference. He has won the three main prizes in British political journalism, being named as winner of the David Watt prize for Outstanding Political Journalism, as Political Journalist of the Year by the UK Political Studies Association, and as Political Journalist of the Year in the British Press Awards. As well as Britain Alone, he is the author of Politics and the Pound, a study of British economic and European policy, and of Tony Blair, the Price of Leadership, a biography of the former prime minister.