The Conference Board Middle East and North Africa Briefs

A new report by the Center for Political Accountability highlights the heightened risks – reputational and business – that companies face from political spending in today’s polarized political environment. Entitled “Collision Course: The Risks Companies Face When Their Political Spending and Their Core Values Conflict, and How to Address Them,” this report is the first examination of conflicted spending and the challenges that it can pose for companies from the public and stakeholders.

This Q&A with Charles Elson discusses the job of the corporate director from his perspective as The University of Delaware Center for Corporate Governance's Chair. He touches on topics like the influence of Delaware law and management engagement on the role of corporate directors.

The numbers are staggering: More than 65 million people around the world have been forcibly displaced. Only a small number of refugees—less than 1 percent of 17.5 million in 2016—will ever be resettled. In Syria alone, more than 5 million people have fled their war-torn country since 2011, 1 million of whom have settled in Lebanon. Nearly a quarter of those refugees are children not enrolled in school. Behind each of these numbers is a life that’s been put on pause.

Summer is upon us. Unfortunately, so is disaster season. Last year was unprecedented, with eight major disasters occurring within just a few short months of one another. Forecasters estimate hurricane activity to be higher than normal this year for the United States, and crises such as floods and volcanic eruptions have already devastated communities in Guatemala and Hawaii. Companies need to get strategic now to prepare for the next disaster.

Is a recession on the horizon in the UK? The short answer to this question is: yes. The probability of a recession in the near term has risen substantially. The UK business cycle is maturing and the lack of certainty around Brexit makes it difficult for consumers and businesses to make plans about the future. These are the ingredients that recessions are made of. The long answer requires an in-depth (and wonkish) analysis of The Conference Board Leading Economic Index for the UK.

Whether it’s the 24-hour news cycle, social media, annual reports, internal messages, or stakeholder requests, the need for clear, understandable, and relatable corporate social responsibility (CSR) information from companies is increasing. Some stakeholders want metrics, others want stories. Either way, timeliness and transparency are key. So, which data and disclosures are relevant and/or required?

Larry Fink, CEO of BlackRock, started the year with a provocative challenge to the CEOs of the world’s biggest and most influential companies: What’s your purpose? As Fink framed it in his open letter, companies need to have a compelling long-term vision for how their business will sustainably benefit all of its stakeholders, including shareholders, employees, customers, and the community.

The Bottom Line, a podcast on social progress, spoke to thought leaders associated with The Conference Board on the letter that BlackRock CEO Larry Fink wrote calling for companies to positively contribute to society.