5th Colloquium: Enterprise Value Creation

  • 13 May 2021
Click here for the Memorandum summarizing the event

Colloquium Overview

The error of corporate leaders in the 20th century was to focus on increasing the wealth of shareholders instead of focusing on increasing the long-term health of the company. This “primacy of the shareholder” was unsustainable and has been replaced by enterprise value creation, preservation and erosion.

Organisational success will no longer be measured by increased profit, dividends or share price but rather by the value that its activities and its outputs add to society. Enterprise value must be seen through the lens of how the three critical dimensions for sustainable development namely the economy, society and the environment, impact on a company’s financial condition, its balance sheet, its operating performance, its income statement and cash flow, its risk profile, and its cost of capital.

Join us to see how corporate reporting is changing and the impact this will have on your organisation.

Speakers

This event is unprecedented in its panel of global thought leaders who include 

 

  • Professor Mervyn King, Good Governance Academy Patron
  • Helen Brand, Association of Chartered Certified Accountants Chief Executive
  • Jonathan Labrey, International Integrated Reporting Council Chief Strategy Officer
  • Kevin Dancey, International Federation of Accountants Chief Executive Officer
  • Paul Druckman, World Benchmarking Alliance Chairman

Outcomes

Attendees will be equipped to:

  • Understand the need for sustainability reports and a single sustainability reporting standard
  • Describe how and why sustainability reporting standards bodies are collaborating and merging
  • Interpret sustainability and enterprise value creation

News

  • 22 April 2021: Risks and Rewards of Sustainability Reporting webinar videos are available on the Community Portal, Go Govern
  • 7 May 2021: IFAC publishes press release which CEO Kevin Dancey is asking Colloquium attendees to use as pre-reading for his presentation.
  • 24 May 2021: Memorandum of proceedings published for the event.

Colloquium Agenda and Speakers

The agenda for the colloquium and the speaker profiles are detailed below or click here.

Event Schedule

(Click on speaker image to view profile.)

Welcome & Logistics

  • 07:00 - 07:10
  • Carolynn Chalmers

Introduction to the Colloquium

  • 07:10 - 07:30
  • Prof. Mervyn King

The Value Reporting Foundation

  • 07:30 - 08:10
  • Helen Brand

The importance of sustainability in enterprise value creation

  • 08:10 - 08:50
  • Jonathan Labrey

10 minute Break

  • 08:50 - 09:00
  • Break

International Sustainability Standards Board

  • 09:00 - 09:40
  • Kevin Dancey

Conceptual Framework for International Sustainability Reports

  • 09:40 - 10:20
  • Paul Druckman

Q&A with speakers

  • 10:20 - 10:40
  • Facilitated Discussion

Colloquium Summation

  • 10:40 - 11:00
  • Prof. Mervyn King

+27 11 717 3300
info@goodgovernance.academy

Wits Business School, 2 St Davids Pl, St Andrew Rd, Parktown, 

Johannesburg, 2193, South Africa

Follow us on

© 2024 Good Governance Academy

Carolynn Chalmers

Chief Executive Officer, Good Governance Academy

Carolynn Chalmers is the Chief Executive Officer of Professor Mervyn King’s Good Governance Academy and its initiative, The ESG Exchange. She has edited two international standards: ISO 37000:2021 – Governance of organizations – Guidance and its associated Governance Maturity Model, ISO 37004:2023.

 

Carolynn makes corporate dreams come true, assisting leaders and leadership teams in how to create value for their organisations. She makes use of her expertise and experience in corporate governance, organizational strategy, Digital Transformation, and IT to do so.

 

Carolynn is an Independent Committee Member of South Africa’s largest private Pension Fund, the Eskom Pension and Provident Fund, and recently retired as Independent Committee member of several board committees for the Government Employee Medical Scheme. Carolynn has extensive management, assurance and governance experience and has held various Executive roles for international, listed, private and public organisations across many industries.

 

Carolynn is best known for her successes in establishing governance frameworks, and designing and the leading large, complex initiatives that can result. She attributes this success to the application of good governance principles. She shares her insights on her 2 LinkedIn Groups – Applying King IV and Corporate Governance Institute. 

Prof. Mervyn King

Patron, Good Governance Academy

Mervyn King is a Senior Counsel, former Judge of the Supreme Court of South Africa, and designated Chartered Director (South Africa). He is Professor Extraordinaire at the University of South Africa, Honorary Professor at the Universities of Pretoria and Cape Town, and a Visiting Professor at Rhodes University. He has honorary Doctorates from Wits University and Stellenbosch University in South Africa, Leeds University in the UK, and Deakin University in Australia.

 

Mervyn is honorary fellow of the Institute of Chartered Accountants of England and Wales; the Institute of Internal Auditors of the UK; the Chartered Institute of Management Accountants; the Certified Public Accountants of Australia; the Chartered Institute of Public Relations of the UK, and the Chartered Secretaries and Administrators.

 

Mervyn is Chair Emeritus of the King Committee on Corporate Governance in South Africa, as well as of the Value Reporting Foundation (incorporating the International Integrated Reporting Council and SASB) and the Global Reporting Initiative (GRI). He has received Lifetime Achievement Awards for promoting quality corporate governance globally, from several institutions.

 

Mervyn chairs the Good Law Foundation and has chaired the United Nations Committee of Eminent persons on Governance and Oversight. He is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance and of the ICC Court of Arbitration in Paris. Mervyn currently chairs the African Integrated Reporting Council and the Integrated Reporting Committee of South Africa and is Patron of the Good Governance Academy.

 

Mervyn has been a chair, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in over 60 countries and has received many awards from international bodies around the world including the World Federation of Stock Exchanges and the International Federation of Accountants.

 

He is the author of many books on governance, sustainability and reporting, the latest being “The Healthy Company.”

Helen Brand

Chief Executive

Helen Brand is chief executive of ACCA, the global body for professional accountants, a post she has held since 2008.

Helen has built her career within professional bodies and has considerable experience and knowledge of the 176 markets in which ACCA currently operates. She is a founding member of the International Integrated Reporting Council (IIRC) and now serves as a co-Vice-Chair of the IIRC Board. A member of the UK’s government’s Professional and Business Service Council, she was also appointed to the UK DIT’s Trade Advisory Group on Professional Advisory Services in August 2020.

One of the few women to lead a global professional body, Helen is a regular media commentator on the role ethics and the delivery of public value play in business and society. In 2011, ACCA became the first international professional body to publish an integrated report on its performance and Helen remains a strong advocate for the power of wider corporate reporting. She has also driven ACCA’s pioneering work in supporting the development of the profession across Asia, sub-Saharan Africa, Europe and the Middle East.

Helen holds a BA in Politics from the University of Exeter.

She was awarded an OBE in the Queen’s Birthday Honours list in June 2011 for services to accountancy and received an honorary doctorate from the University of Exeter in December 2017.

Jonathan Labrey

Chief Strategy Officer, International Integrated Reporting Council

Jonathan is a global expert in corporate governance and reporting with over 16 years’ experience in the accountancy profession, regulation and corporate reporting.

He joined the IIRC in 2012 and leads its strategy and global policy work to ensure integrated reporting becomes the norm.

Jonathan has particular expertise in Asia, having lived in Singapore and worked across the region, developing a deep understanding of capital market and corporate governance issues, working closely with businesses, investors, regulators and accountancy professional bodies.

Jonathan has a background in government relations, policy and regulation, having headed up the public affairs and policy team at the ICAEW from 2004-10. From 2010-2012 he was head of communications at the UK’s Financial Reporting Council.

Kevin Dancey

Chief Executive Officer, IFAC

Kevin Dancey, CM, FCPA, FCA became IFAC’s Chief Executive Officer in January 2019.

Kevin has a long history of leadership in the accountancy profession as well as in public service. As Canadian Institute of Chartered Accountants President and CEO, Kevin led the Canadian accountancy profession’s unification, becoming CPA Canada’s first President and CEO after the merger. His experience also includes serving as the Assistant Deputy Minister, Tax Policy, at Finance Canada (1993-1995), on the Canadian Auditor General Panel of Senior Advisors (2006-2015) and as an Auditing and Assurance Standards Oversight Committee member (2017-2018) and CCAF-FCVI Inc. board member (2008-2013).

Kevin’s international accountancy experience includes the Public Interest Oversight Board (2017-2018), the IFAC board (2006-2012) and the Global Accounting Alliance (2006-2016), where he was also Chair from 2008 to 2012.

Prior to joining the Canadian Institute of Chartered Accountants, Kevin was PwC’s Canadian Senior Partner and CEO and was a PwC Global Leadership Team member from 2001-2005. He was national tax practice leader for Coopers & Lybrand before the merger with Pricewaterhouse.

Kevin currently chairs Finance Canada’s Departmental Audit Committee and is on the Advisory Board of the CPA Canada Martin Family Initiative, which mentors Canadian indigenous youth, having previously served as the National Coordinator for the program. He is also a Senior Fellow at the CD Howe Institute, a Canadian research institute dedicated to raising living standards through economically sound public policies.

Kevin is a Fellow at CPA Ontario, where he first qualified, and a member of CPA Canada. He holds a Bachelor of Arts (Hon.) in Mathematics & Economics from McMaster University (Canada).

Paul Druckman

Chairman, World Benchmarking Alliance

A passionate global leader in capital market reform – from corporate governance to reporting & measurement; to sustainability.

He is well known and respected in business, regulation and in the accounting profession worldwide. Following an entrepreneurial career in the accountancy software industry, He has operated as a non‐executive chairman and director for companies in a variety of sectors.
He is Chairman of the World Benchmarking Alliance which is building a movement to measure and incentivise business impact towards a sustainable future that works for everyone through free and transparent benchmarks and rankings

In the accounting profession his highlights include being President of the Institute of Chartered Accountants in England & Wales; being on the City Takeover Panel; and as a Board member of the UK regulator, the Financial Reporting Council. The FRC non-executive role was over 2 separate terms, including the post Enron era and then again until 2019. He also chaired the FRC’s Corporate Reporting Council which sets UK accounting standards and currently is chairing a major FRC project on the Future of Corporate Reporting.

In the field of sustainability, a highlight was chairing HRH The Prince of Wales Accounting for Sustainability Project (A4S) Executive Board for many years, whilst his last full-time role was at the International Integrated Reporting Council where he helped create and then led the team as CEO for five years from inception.

He has a variety of other roles currently – from chairing Clear Insurance; to being a Board member of the Shift Project, which brings respect for human rights to business via the UN Guiding Principles; to being a Board member of SASB (Sustainability Accounting Standards Board).

Mr. Druckman is an Ambassador for A4S and an Honorary Professor at Durham Business School.

Terms and Conditions

  • The Good Governance Academy nor any of its agents or representatives shall be liable for any damage, loss or liability arising from the use or inability to use this web site or the services or content provided from and through this web site.
  • This web site is supplied on an “as is” basis and has not been compiled or supplied to meet the user’s individual requirements. It is the sole responsibility of the user to satisfy itself prior to entering into this agreement with The Good Governance Academy that the service available from and through this web site will meet the user’s individual requirements and be compatible with the user’s hardware and/or software.
  • Information, ideas and opinions expressed on this site should not be regarded as professional advice or the official opinion of The Good Governance Academy and users are encouraged to consult professional advice before taking any course of action related to information, ideas or opinions expressed on this site.
  • When this site collects private information from users, such information shall not be disclosed to any third party unless agreed upon between the user and The Good Governance Academy.
  • The Good Governance Academy may, in its sole discretion, change this agreement or any part thereof at any time without notice.

Privacy Policy

Link to the policy: GGA Privacy Policy 2021

The Good Governance Academy (“GGA”) strives for transparency and trust when it comes to protecting your privacy and we aim to clearly explain how we collect and process your information.

It’s important to us that you should enjoy using our products, services and website(s) without compromising your privacy in any way. The policy outlines how we collect and use different types of personal and behavioural information, and the reasons for doing so. You have the right to access, change or delete your personal information at any time and you can find out more about this and your rights by contacting the GGA, clicking on the “CONTACT” menu item or using the details at the bottom of the page.

The policy applies to “users” (or “you”) of the GGA website(s) or any GGA product or service; that is anyone attending, registering or interacting with any product or service from the GGA. This includes event attendees, participants, registrants, website users, app users and the like.

Our policies are updated from time-to-time. Please refer back regularly to keep yourself updated.

Search