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  • Corporation 20/20 - Designing for Social Purpose
    moves from the periphery to the heart of the organization Such transformation is indispensable to a Great Transition toward a just and livable world Setting the Stage Piecemeal crisis driven corporate reforms are no substitute for systemic proactive change Goals The creation of a forum a visionary and an advocate for transformational change Launch Since 2004 expansion to 350 participants from business civil society labor law and the media Strategies Principles of Redesign working groups workshops laboratories and a November 2007 Summit Precedents Initiatives on corporate codes law charters personhood shareholder primacy governance capital markets Funding Diverse support from large and small corporations foundations and individuals Announcing the Corporation 2020 Alliance Redesigning today s corporation to embed social purpose ensure a positive planetary footprint and create generative enterprise may be the foremost challenge of the 21st century Because corporations represent the lion s share of global economic activity such redesign is a pre condition to achieving the transformational change essential to addressing the social and ecological perils facing the world in the coming years In 2004 Allen White and Marjorie Kelly of the Tellus Institute launched Corporation 20 20 an initiative to envision models of the future corporation both financial and non financial and the enabling institutions aligned with such visions www corporation2020 org In 2011 recognizing that time is of the essence to avoid overshooting the Earth s ecological limits Pavan Sukhdev at Yale University drew from the vision of Corporation 20 20 and other thought leaders to prioritize four crucial time bound changes to begin transforming today s dominant 20th century corporate model into tomorrow s Corporation 2020 www corp2020 com These complementary initiatives which bridge long term visions with a near term change agenda have come together to form the Corporation 2020 Alliance Transforming Today s Corporation

    Original URL path: http://www.corporate2020.org/ (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    of the corporation Ironically the greatest failures in corporate conduct have occurred simultaneously with rapid expansion of the CSR movement From its roots in the 1970s CSR has grown into a substantial force in many industrial nations while emerging economies such as Brazil South Africa and India are becoming increasingly engaged through their adaptation of emerging CSR concepts and practices Codes of conduct are nearly universal at major companies and the scrutiny of labor governance and environmental and reporting practices is accelerating Yet for all apparent progress it is clear that formidable barriers persist to embedding social purpose in corporations For companies that are publicly traded one reality overwhelms all others relentless pressure to deliver short term shareholder gains For privately owned companies access and cost of capital are no less formidable obstacles to the pursuit of long term wealth creation Former Medtronic CEO Bill George who led his company to a global position in medical technology describes the problem of capital pressure succinctly It starts with the New York Stock Exchange with security analysts They call and ask Are you going to make the numbers We ve got you down for 34 cents you going to make it And you ask yourself do I want to go on CNBC and be made fun of because I only made 32 cents Your stock gets inordinately punished If your earnings are up 15 percent but they expected 20 percent then your stock will go down not 5 percent but 25 percent Then you re vulnerable to a takeover As those inside and outside of business rethink the nature and purpose of corporations three conditions have impeded progress in translating unease into a broad based movement for fundamental change One is the limited awareness of how received wisdoms embedded in economic and

    Original URL path: http://www.corporate2020.org/overview_setting_stage.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    advocacy Toward those ends the initiative aims to create international benchmarks to inspire and guide governments multilateral organizations civil society and corporations themselves toward transformative change in corporate design The initiative is rooted in the premise that societal expectations of business in the 21st century demand a major elevation in corporate contributions to urgent global problems economic environmental and social In the face of both the peril and promise of globalization it is no longer enough to ask What is the business case for social responsibility The question instead must be How do we design corporations such that their core purpose is to harness the resources of private interests in service to the public interest Key RESOURCES Corporations in a Great Transition SUMMARY OF PROCEEDINGS October 31 November 1 2013 Roundtable event Summary of Proceedings PREPARATORY PAPERS Video Interview with Allen White at Yale Univ THE FUTURE CORPORATION Corporation 20 20 director Allen White interviewed by Pavan Sukhdev regarding the Future Corporation Redesigning Finance Pathway To A Resilient Future Redesigning Finance August 9 2012 San Francisco workshop reading materials 2nd Summit Resources SECOND SUMMIT PAPER SERIES A collection of 8 papers exploring key components of corporate design SECOND SUMMIT SUMMARY

    Original URL path: http://www.corporate2020.org/overview_goals.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    the corporation to exist under prescribed terms and conditions that constitute a formal license to operate Efforts to reform such laws are at various stages in the US e g Maryland Vermont California UK and Australia and related initiatives pertaining to corporate governance have emerged in nations such as South Africa and Brazil Corporate personhood Embodied in most legal regimes but so fundamental as to merit separate mention is the status of corporations as natural persons with many of the same rights such as due process free speech and other protections accorded human beings Some reformers such as the Program on Corporations Law and Democracy POCLAD believe that personhood is the most pivotal of all aspects of corporate redesign Shareholder primacy Gradually evolved over years of legal precedent and management theory shareholder primacy is enshrined either de jure or de facto in management theory and corporate operations Its roots and implications are now under scrutiny including by Corporation 20 20 co founder Marjorie Kelly in her book The Divine Right of Capital Alternative models of the corporation that elevate non shareholders interests e g stakeholder governance and a team production framework provide the conceptual underpinnings of a new corporate purpose Internal activism Fundamental changes from within corporations occur when individuals are empowered to challenge conventional wisdom and question mainstream definitions of the corporation Social purpose may be advanced by internal advocates ranging from CEOs to mid level managers Noteworthy examples are found in firms as diverse as Toyota and Nike alongside medium and small companies such as Antioch Company and South Mountain Company To date risk taking and leadership of this nature have yielded impressive results where they have occurred but overall internal activism will continue to face major hurdles to scaling up its impact without changes in the external

    Original URL path: http://www.corporate2020.org/overview_precedents.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    comprised in depth discussion of key design issues such as the role of directors capital and ownership The most recent workshop 6 in San Francisco took place November 15 17 2006 A summary of the workshop is available here Key RESOURCES Corporations in a Great Transition SUMMARY OF PROCEEDINGS October 31 November 1 2013 Roundtable event Summary of Proceedings PREPARATORY PAPERS Video Interview with Allen White at Yale Univ THE

    Original URL path: http://www.corporate2020.org/overview_launch.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    society for the purposes of testing interim ideas and mutual learning between Corporation 20 20 and its collaborators Working Groups To advance both concepts and tasks WGs will focus on design principles and prototype designs across a range of organizations e g large publicly listed corporations large privately family controlled corporations and small medium size corporations Paper Series Two paper series explore issues in corporate redesign e g evolution of the corporation internal transformation law reform new models of capitalization rethinking charters and stakeholder governance and archetypes of the future corporation Summits In 2007 and 2009 Corporation20 20 convened two major public events titled Summit on the Future of the Corporation The events held at historic Faneuil Hall in Boston were a major milestone in bringing corporate redesign to the public agenda profiling Corporation 20 20 design concepts and charting a pathway forward for the initiative Key RESOURCES Corporations in a Great Transition SUMMARY OF PROCEEDINGS October 31 November 1 2013 Roundtable event Summary of Proceedings PREPARATORY PAPERS Video Interview with Allen White at Yale Univ THE FUTURE CORPORATION Corporation 20 20 director Allen White interviewed by Pavan Sukhdev regarding the Future Corporation Redesigning Finance Pathway To A Resilient Future

    Original URL path: http://www.corporate2020.org/overview_strategies.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    Corporation 20 20 comprise an expanding group of leading thinkers practitioners and advocates from business law labor advocacy government and journalism Tellus Institute a Boston based non profit organization hosts Corporation 20 20 and serves as its fiscal agent Key RESOURCES Corporations in a Great Transition SUMMARY OF PROCEEDINGS October 31 November 1 2013 Roundtable event Summary of Proceedings PREPARATORY PAPERS Video Interview with Allen White at Yale Univ THE

    Original URL path: http://www.corporate2020.org/overview_people.htm (2016-04-30)
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  • Corporation 20/20 - Designing for Social Purpose
    1 Boston May 2004 New Documents Not Just for Profit by Marjorie Kelly Corporate Responsibility in Northeast Asia South Korea by Angela Joo Hyun Kang and Joseph Joo Sueb Lee Key RESOURCES Corporations in a Great Transition SUMMARY OF PROCEEDINGS October 31 November 1 2013 Roundtable event Summary of Proceedings PREPARATORY PAPERS Video Interview with Allen White at Yale Univ THE FUTURE CORPORATION Corporation 20 20 director Allen White interviewed

    Original URL path: http://www.corporate2020.org/resources_documents.htm (2016-04-30)
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