Our archived meetings centre provides a rich source of research, experiences and ideas which continue to be relevant. Follow the links below to explore our archive of events.
The Reform of Executive Reward
Our meeting will seek to address the following issues and questions around the Reform of Executive Reward.
• Do we yet understand the exact nature of the problem that we are trying to solve?
• How do companies and investors plan to address these issues – as companies renew their
remuneration policies in 2017? What genuinely practical solutions are being put forward?
• Or is this just a populist distraction from Brexit?
The 'Gig Economy' - How is it transforming the world of work?
Corporate blue-chips are turning more and more to ‘on demand’ or contract professionals rather than traditional employees – as the “Gig Economy” (the universe of online platforms where people buy and sell services and jobs) begins to impact on long established white collar certainties.
This is a major change in the way work is performed – a shift from having a job to performing tasks / projects – and working for a portfolio of clients.
Economic Outlook - 2017, a fresh start or more of the same?
2017 is the year in which it is proposed Article 50 will be triggered starting the United Kingdom’s two year withdrawal process from the European Community. It also sees the 45th President of the United States taking office and General Elections being held in France and Germany later in the year. China and Russia continue to be beset by problems and remain unpredictable world players. By the end of this summer therefore the geopolitical landscape and all that flows from this could look very different.
2017 Programme Launch and Keynote Address
At the end of what is likely to have been a volatile year filled with political, economic and business difficulties, the election of a new President in the U.S. and on the eve of (or conceivably just after) the UK European Referendum, we have once again invited a high profile, informed observer to cast an eye over events and look forward to 2017.
This year we are delighted to welcome Lucy Kellaway, business commentator, satirist and management columnist of the Financial Times.
Timings: 18.30 - 22.00
International Conference, Prague – An Uncertain World: Planning for 2025 and beyond
The 8th CRF International Conference will focus on what the future might hold for business in 2025. Through the contributions of keynote speakers and facilitated debate, the conference will have a series of discussions on the developments most likely to shape the landscape in which we develop our business strategies, and suggest how organisations can prepare for the future.
Attendance for non-members costs £1,500 + VAT (excluding flights and accommodation).
Day One: 09.00 - 17.00 (followed by dinner)
Day Two: 09.00 - 15.30
The Retirement Dilemma - sleepwalking into a crisis?
We are all aware of the demographic changes taking place with increasing rapidity over the coming years. This meeting will set the scene aiming to understand how we have reached the current position and identify the key drivers moving forward in respect of framing public policy and the decision making timeline as the gap between public and private financial provision and individual longevity continues to widen.
Timings: 16.00 - 19.00
House of Commons Luncheon
Our House of Commons luncheon meeting will be a rare opportunity to gain a better understanding of the way in which public policy is framed, legislation enacted and organisations and individuals are held to account.
Maggie Throup, MP for Erewash, will be our host and we will combine lunch with a presentation and discussion around parliamentary procedure, particularly in the context of its relationship with business and business institutions.
Timings: 12.00 - 15.00
The Changing Performance and Remuneration Landscape – a glance in the rear view mirror
The cyclical nature of Performance and Reward activities, the need to deal with the next deadline or respond to the next damaging headline often detracts from time available to reflect on what might be coming along in the future. The former Business Secretary, Sir Vince Cable, will briefly share his thoughts on where we are at the moment and what might be approaching as future key issues, with additional views from our panel of senior remuneration and benefits experts.
Timings: 16.00 - 22.00
Next Generation Development Masterclass
In support of the PARC philosophy of well informed, outward looking organisations with compelling and understood strategies and an environment encouraging high performance, we are running a two day ‘next generation masterclass’.
This will be aimed at future performance and reward leaders currently operating in senior support roles or indeed senior HR generalists looking to consolidate their performance and reward knowledge in a supportive environment.
Day One: 09.00 – 17.00 (followed by dinner)
Day Two: 09.00 – 15.00
Strategy and Remuneration Policy
Legislation requires companies to produce a high quality strategic report for shareholders and a remuneration policy aligning executive remuneration to the long term success of the company. Yet in some organisations this relationship is not linear but circular.
The meeting will examine these relationships looking at best in class, current UK and international practices, and pick out the key issues on which companies should focus to build robust and value adding links connecting business objectives, strategy and remuneration policy.
Timings: 16.00 - 19.00
Spring Lecture and Reception with Dr. Ben Goldacre – “Randomise Me”
Dr. Ben Goldacre will share his experiences of alternative approaches to the use of data and examples of success in a range of business sectors. The lecture will be followed by an opportunity to discuss issues raised with Ben and other attendees over drinks and canapés.
Timings: 18.00 - 21.00
Mind the Gap – what’s new with equal pay?
The anecdotal evidence seems pretty compelling; women earn 40% less than men over their lifetime, women managers effectively work 57 days a year for nothing because of the pay gap and yet 14% more women than men currently go to university. So what are the facts and what are companies doing about the issue? This member meeting with be supported by a brief research report outlining the key issues with comment from a panel of experts, case studies and detailed analysis.
Timings: 16.00 – 19.00
Economic Outlook – what does 2016 hold in store?
The world in 2016 will continue to be a volatile and uncertain place with enhanced levels of risk in all business and personal activities. Against this background, The Economist's Robin Bew will pick out the key issues as he discusses his vision for the year ahead and debates the consequences for high-performing organisations grappling with this brave new world.
Timings: 08.00 – 10.00
2016 Programme Launch and Keynote Address
We close our programme for the year with our traditional members’ dinner, keynote address and launch of the 2016 Programme.
Following the PARC tradition of entertaining and high profile observers, we are delighted this year to welcome Fraser Nelson, Editor of the Spectator, as our keynote speaker.
Performance Management Systems - do they optimise performance?
Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner.
This meeting will discuss an organisation’s hierarchy for improving performance, what the opportunities are for performance improvement, experience of initiatives which have materially influenced individual or organisational performance and what appears to be working well and where organisations need to make the most improvement.
International Conference, Vienna - The Meaning of Work
The 7th CRF International Conference will be a must-attend event for anyone interested in how people and organisations interact, and generate business success.
Entitled ‘The Meaning of Work’, Vienna 2015 will embrace the musical ambience and academic heritage of our host city in a way which is sure to capture your imagination. Using the orchestra as a metaphor for organisations, we will be mixing presentation and discussion with orchestral interventions to demonstrate how we might enhance business performance.
Key People – Attracting, Retaining, Motivating and Rewarding
McKinsey set the ball rolling with their ‘War for Talent’ article and subsequent books. Since then organisations have reacted with a range of responses including new jobs and job titles, organisation solutions such as greater flexibility, career and development initiatives, and a more international approach to resourcing.
On the reward side, companies have developed segmented value propositions (“EVPs”) to lock in critical talent, whilst constantly aware of the need to stimulate high performance rather than hold “prisoners”.
Summer Lecture & Reception with Alastair Campbell – Post Election Thoughts
With the general election behind us the political infrastructure will be in place probably for the next five years. What this will mean following the European elections and the Scottish Referendum of 2014 will determine the future of the United Kingdom and its relationship with Europe. This reception provided an informal, considered interpretation of the election and its consequences for us as business professionals.
The Evolving Structure and Role of Remuneration Committees – their purpose and effectiveness
Twenty years on from the Cadbury and Greenbury reports on Corporate Governance the role, structure and effectiveness of remuneration committees continue to attract comment and discussion in the ever changing corporate regulatory environment and wider economic arena.
Established to ensure that remuneration arrangements support the strategic aims of a business and enable the recruitment, motivation and retention of senior executives, it is timely to re-visit these objectives and research the evolving, structure, role and effectiveness of Remcos and consider the political impetus behind the concept compared with practical operational realities.
The New BIS Regulations for Directors’ Remuneration Reporting – better communication or just more data?
We have now seen two rounds of reporting under the 2013 Department of Business, Innovation and Skills regulations. Our meeting reviewed their effectiveness and impact, and considered whether they have achieved the core aim of providing investors with better quality information with which to reach informed decisions on support for remuneration policies or just generate more data.
What is Driving Executive Compensation – an Asia Pacific Perspective
In 2014 we asked the question ‘What is Driving Executive Compensation – a US Perspective’ and this year we are examining the same issue from an Asia Pacific standpoint, though looking more broadly at compensation in general.
Setting the Economic and Political Context – an update for the year ahead
With the world remaining a chaotic place and with global economic uncertainties still widespread, the UK enters 2015 against this backdrop which domestically will define its future until the end of the decade and beyond.
Andrew Sentance provided us with his views on these and other topics which were of interest to anyone involved in determining the strategic direction and operational effectiveness of organisations and led a discussion on members’ views and concerns.
2015 Programme Launch and Keynote Address
We closed our programme for the year with our traditional members' dinner, keynote address and launch of the 2015 Programme.
Following on from a list of high-profile speakers from the past, we were delighted to welcome another distinguished guest in Peter Oborne, chief political commentator for The Daily Telegraph and associate Editor of The Spectator.
How people are rewarded – Have we lost the moral consensus?
Disparities in remuneration continue to widen and provide easy targets for headline writers and politicians looking for a sound bite. However, despite the optimistic economic indicators and improving general business confidence, there is still a problem with growth working through to earnings and the now accepted decoupling of the two.
With the help of Paul Nowak, Assistant General Secretary of the TUC and Deborah Hargreaves, Founding Director of The High Pay Centre, we addressed these issues in a discussion which engaged and informed.
Social Mobility – Is it important and necessary, are we making progress?
Lack of social mobility in the UK continues to be an issue which we are unable to deal with. Our speaker at this Members' Dinner was The Rt. Hon. Alan Milburn, who was appointed by David Cameron to look into social mobility and child poverty in Great Britain.
Mr Milburn shared the findings of his report with attendess including the five long-term goals in the areas of childcare, parenting, raising educational standards, opening up universities and ending unpaid internships in the professions as a way of tackling closed shops.
International Conference - Managing, Directing and Leading
Continuing the innovative and participative approach to our annual conferences, and in the year marking the Centenary of the start of the First World War, our 2014 conference addressed the theme ‘From Battlefields to Boardrooms – Managing, Directing and Leading’.
Using the catastrophic (for all sides) Battle of the Somme as an opening case study, the conference analysed the importance of intelligence gathering, decision making, planning, strategy and motivation in the twin contexts of the military imperatives of 1914 and the business imperatives of 2014.
Summer Lecture & Reception - The Pleasures & Sorrows of Work
Following last year's outstanding summer lecture and reception, we were pleased to once again host an occasion which facilitated social networking with fellow members and their guests, CRF Partners and the CRF team.
The social nature of the event was complemented by an address from our guest speaker, the philosopher and best-selling author, Alain De Botton, who explored ‘The Pleasures and Sorrows of Work’.
Europe in or out? The Implications for UK Companies and their Stakeholders
Our keynote speakers at this evening meeting and dinner shared their thoughts on the Conservative Party's committment to introducing a Bill which facilitates a referendum no later than 2017 on the UK's continuing membership of the European Community.
The Technology Challenges for HR – Threats and Opportunities
HR functions have long and widely been observed as ‘challenged’ in two areas of competence – numbers and technology. This research report and roundtable discussion identified how HR urgently needs to ‘up its game’ to improve its contribution to business effectiveness.
What is Driving Executive Compensation – a US perspective
With the continuing high volume of two-way executive movement across the Atlantic, our evening briefing addressed the issues which are topical around the broader North American economy and those which affect senior level compensation in the US.
Economic Update – The Big Issues for the UK, Europe and Globally
We opened our 2014 programme by welcoming leading economist John Kay. John led the debate by setting the economic scene for the coming year, with a focus on the sustainability of the recovery across the UK, Europe and global markets.
2014 Programme Launch and Keynote Speech
Our annual programme launch and keynote speech from Lord Daniel Finkelstein OBE provided guests with a review of PARC's 2013 activities and a preview of our programme for 2014.
Assessing the effectiveness of organisations: what now constitutes good performance?
Much of our recent focus has been on the constituents of executive pay. For our November meeting, we looked more closely at what constitutes effective organisational performance. Our research paper and meeting reported on and considered the latest thinking and its implications.
International Conference - Strategy in a changing world
As HR specialists we are expert in systems and processes, tools and techniques and leading edge thinking which helps us with the efficiency of our organisations.
The right message: aligning the communication of executive reward
The aim of this meeting was to raise our appreciation of how best to provide controlled and consistent messaging across the multiple audiences for executive reward information and outcomes.
Speaker-led debate & workshop
Our overnight meeting provided an opportunity for members to participate in a highly topical debate led by experts and to benefit from a structured discussion of current reward issues.
Developing an appropriate response to the challenge of working in global markets
This ‘roundtable’ meeting focused on the deployment of international talent and how businesses are creating new employment models to respond to this critical challenge.
The role of reward in supporting creativity & innovation
Reward has received a bad press when it comes to supporting creativity. With the help of a senior academic, a case study and member contributions, this meeting built on last year’s conference to raise our understanding of how reward can play its part in helping organisations to innovate.
The future of the Euro and what this may mean for Europe
We opened our 2013 programme by welcoming Roger Bootle of Capital Economics who set the economic scene for the coming year and focused the Euro and Europe.
2013 Programme Launch & Keynote Speech
Our annual programme launch and keynote speech from the Rt. Hon Jack Straw MP provided guests with a review of this year’s PARC activities and a preview of our programme for 2013.
Reward Retrospection and Outlook
As the business and governance context changes, reward practice continues to evolve. This meeting provided an opportunity to deepen our understanding of the context in which reward will be operating from 2013 and onwards.
Long Term Incentives: Where Should We Take Them?
Our in-depth research updated and developed current thinking on LTIs and the executive package, including aspects of wealth distribution, motivation and communication.
Speaker Led Debate: Executive Reward Workshop: your current issues
Our overnight meeting provided an opportunity for a highly topical debate led by two expert commentators and a structured discussion of members' current issues.
Alignment of Reward & Talent Management
This year's case studies deepened our understanding of how successful global companies organise a 'joined up' HR strategy and how they identify and integrate reward and talent management issues.
Private Equity: What's Been Happening & What Can We Learn?
How has private equity been affected by the recession? Have their HR and Reward models had to change? What can we learn from their practices?
The Outlook For 2012: A Make or Break Year
Can Europe and America shake off their deep problems and stage a decent recovery? How will the crisis in the Euro zone be resolved? And can Britain's economy cope with George Osborne's cuts and uncomfortably high inflation, and emerge stronger?
Annual Review and 2012 Programme Launch
A look back over the year's events and a chance to look ahead to 2012 with commentary from Michael White of The Guardian.
Employee Pension Provision: Today & Tomorrow
Pensions and retirement have been very much in the news. Reports have been issued from varied sources. The Government has consulted on significant reforms to state pensions. A new tax framework for pensions was implemented in April. Changes to public sector pensions are being opposed by trades unions. And ‘auto-enrolment’ takes effect next year requiring even small employers to offer an employment based pension.
Leadership & Change – Past, Present & Future
This conference will explore the challenges of modern leadership, organisation effectiveness and communication and will incorporate case studies of how the Roman Empire successfully tackled these issues.
Reward Governance: Reviewing For Risk
The 'risk culture' has caught up with reward practice. Shareholder groups and regulators are becoming more aware of the potential risks inherent within reward plans. As a consequence, RemCos and Reward Directors are being asked to evaluate these risks - but where do you start?
2011 Keynote Speech & Summer Party
We are delighted that The Right Honourable Michael Portillo delivered the Keynote Speech at our 2011 Summer Party.
Reward Strategy: Defence Mechanism or Strategic Tool?
One of the main criticisms levelled at Remuneration Reports is that the reward strategy and principles they describe do not, clearly and transparently, derive from and support business strategy. If companies cannot show this linkage, then reward strategy risks being interpreted as a “post facto” justification for (high) pay levels – a defence mechanism rather than a pro-active strategic tool.
Employee Pension Provision - Preview Meeting
In 2011 PARC will be undertaking a research project which will consider immediate and potential solutions for the provision of pensions within the traditional reward structure.
Looking From The Outside In: Investors & Performance- evolution or regression?
In light of recent and proposed changes, it seems sensible to ask whether institutional investors have re-appraised their views on corporate performance and shifted their focus to a need for greater transparency and a longer term view of performance.
The Global Context: An Economic Outlook For 2011
The world economy seems to be lurching from bad to worse. After a wrenching recession in the UK and most other developed economies, businesses were preparing to deal with rising taxes and government spending cuts. But a renewed crisis in the euro zone threatens to usher in a whole new phase to the global economic crisis: Greece and Ireland have resorted to EU bailouts, governments flirt with defaulting and the whole future of the euro project is suddenly in doubt.
Annual Review & 2011 Programme Launch
A look back over the year's events and a chance to look ahead to 2011 with commentary from Rt Hon Patricia Hewitt, MP.
Developing Performance Incentives and Sustaining Engagement in a Volatile Environment
Over the last three years the role of incentives has had greater public prominence than ever before. The popular media now take a much stronger interest. The traditional aims of incentives - to provide motivation, focus and variable cost - often seem to have been undermined.
CRF International Conference- Performance through People: Capability and Context
This conference will be run by our sister organisation Corporate Research Forum (CRF) and will be devoted to performance improvement, in line with CRF’s theme for 2010. PARC members are also invited to participate in the conference.
Managing Senior Executive Contracts: A Tool for Organisational Change
CEOs often struggle most with making changes and addressing performance issues for their own executive teams. Consequently situations are often allowed to escalate, creating problems when the issues are finally addressed. However, economic pressures are now combining with the current climate of perceived failures in executive performance and reward governance to create a greater requirement for organisations to change executive accountabilities and reward structures and, in many cases, effect executive level terminations and redundancies.
Keynote Speech & Summer Party
Our 2010 PARC Keynote Speech & Summer Party will provide members with the opportunity to question the views of a prominent figure from the business world on a topical subject. This year we are delighted to have Gillian Tett of the Financial Times as our keynote speaker.
After the Recession: What High Performances Organisations Can Do
The notion of high performance work systems is an attractive and beguiling concept. However many organisations embark on a programme of “Performance Improvement” without a thorough understanding of what is meant by performance as this is a complex issue to understand let alone improve! Improving performance requires an understanding of inter-related factors concerning both individuals and organisations.
Organisational Performance: The Contribution of C&B in Turbulent Times
Drawing on case studies from PARC member organisations, this workshop session aimed to debate the implications of recent turbulence in the performance and reward arena and the future contribution of the Compensation & Benefits function to overall organisation performance.
Corporate Governance: The Issues of Ownership
Whilst a lot of people seem to have their fingers in the governance pie, it seems difficult to pin down ownership. This is a highly topical issue in light of recent events and controversies in the executive remuneration arena.
Annual Review & Programme Launch
A look back over the year's activities and a chance to look ahead to 2010 with commentary from Rt Hon Vince Cable, MP.
Employee Equity Plans: Do They Have a Future?
Employee Share Plans are widespread - many organisation utilise them and coverage extends from the shop-floor to the Boardroom, as well as beyond their US and UK origins.
CRF International Conference
Just as in the early 90's when CRF was formed, organisational and HR leaders must work together to pull their organisations out of recession and ensure their fitness for the future.
Current Issues in Senior Executive Pay
Senior executive pay continues to be raised as a subject of frequent debate in PARC meetings. Not suprisingly, it continues to feature strongly in the media, with little sign of the controversy abating - and, with a general election pending, it is hardly surprising that all major parties are keen to stir the pot!
Keynote Speech & Summer Party
Rt Hon John Redwood delivered PARC's 2009 Keynote Speech at their Summer Party. Whilst John is equipped to offer views on a variety of topics, we were particularly interested in his thoughts and ideas on pensions, especially the issue of funding schemes.
Balancing the Compensation Equation
Considering the value employees place on certain forms of compensation - relative to the cost to the employer - can lead to considerable business advantage. In light of the changing international and employment climate, these issues are now of substantial interest to many organisations.
Developing High Performing Organisations
The recent turbulence in the global banking system is having profound repercussions in the 'real' world of industry and commerce. The last few decades have seen the development of close symbiotic relationships between quoted companies and the investment markets, cemented by share-based rewards and corporate governance.
Rewarding for Future Success
Once again, PARC is at the forefront of reward thinking! At a PARC Workshop in late 2007, Professor Sir Andrew Likierman of the London Business School demonstrated the compelling need to develop forward-facing measures that will deliver long term business success.
High Performance Work Environments: What It Takes To Create Them and Why So Few Companies Do
The idea of creating high performance work environments has been around since the 1950s, but few organisations today could say they have succeeded in creating a system to take full advantage of the capabilities and potential contributions of their employees.
Annual Review and 2009 Programme Launch
A look back over the year's events and a chance to look ahead to 2009.
This year's Keynote Speaker was Will Hutton, Chief Executive of The Work Foundation, who shared with us his incisive and wide-ranging perspectives on the economic and political environments in which organisations now find themselves operating, along with some longer-term insights into what 2009 might bring.
Keeping Up To Date With Issues In Senior Executive Pay
The subject of senior executive pay occurs frequently in PARC meetings and discussions concerning a number of aspects, and continues to feature regularly in the business sections of the media. The executive pay scene is constantly evolving and controversies come and go.
Managing Executive Performance for Organisational Results: Research Report Meeting in collaboration with Hay Group
This year, Professor Sir Andrew Likierman of the London Business School will complete a PARC research study on evaluating the appropriateness and effectiveness of different types of business performance measures (internal and external, financial and non-financial) and how targets are set.
Performance Pay: Recipe for Disaster
Anthony Hilton has a strong interest in the whole area of reward, motivation and performance. He shared his controversial views on the usefulness of performance incentives and responded to members' questions on a range of related topics
Organisational Reward and Measurement Systems: Breakfast Briefing
New technologies, changing demographics, and the ‘war for talent’ require organisations to pay particular attention to the systems they use to measure and reward employees.
Employee Wealth Creation: A Lever for Organisation Change
The unfolding story of the crises and subsequent developments in pension provision has featured prominently in the PARC programme. At an early stage, we invited Frank Field MP to explore the future of retirement pensions as a result of his "thinking the unthinkable"!
Tax Simplification: Breakfast Briefing
The taxation environment in which we operate plays a fundamental part in affecting the take home pay of employees.
Whilst at an employment level it is difficult to impact the tax regime directly, nevertheless an understanding of its principles and potential future trends is important in helping to determine remuneration planning.
Measures of Organisational Sustainability
This research project will conclude in 2008 at the Rewarding for Future Success Research Report Meeting with a report addressing the issue of measuring sustainable performance.
The Challenge of Operating Globally
Discussions with PARC members revealed an appetite to get a better grip on how to operate at a global level. This ranged from the practical (matching remuneration packages) to the strategic (attracting and managing talent).
The Pensions Challenge — a Public Policy Perspective
Philip has been a Member of Parliament representing Runnymede and Weybridge since 1997. He previously fought a parliamentary by-election in Newham North-East in 1994.
Private Equity: Friend or Foe?
The growth in Private Equity deals over the past 5 years has been staggering: in 2006 more than 50 billion Euros were invested in European deals. But the PE sector is mysterious - and often attracts hostility because of concerns about job losses, governance standards and lack of transparency.
Rethinking Retirement: Assessing the need for employee wealth creation
In late 2005, PARC commenced what is intended to be a longer term research study on the changing nature of retirement provision in the UK. This had originally been triggered by the 'pensions crisis' of recent years
How Pay Really Helps Businesses Succeed
Paying everyone competitively is not enough - nor is merely following best or prevailing practice. Competing for a 'Best Place to Work' or 'Employer of Preference' designation is more likely to reinforce an entitlement mentality than create a performance culture.
Most company leaders know paying for performance makes good business sense, but how can pay really facilitate and support business success?