World Economic Forum Annual Meeting of the New Champions 2009 |
Deloitte engaged with business, government, and community representatives to further the dialogue on managing global economic challenges and risk at the recent World Economic Forum Annual Meeting of the New Champions 2009 in Dalian, China. Deloitte participated in a series of public and privately hosted events. Learn more about Deloitte’s contribution to the debates in the summaries below.
World Economic Forum panel discussion: The risk within regulation
Session summary
No member country from the G20 has already fully implemented the recommended new measures to strengthen financial regulation and investments. Deloitte global CEO Jim Quigley and others examined how an emerging regulatory framework should address systemic risks, while mitigating the economic costs of over-regulation.
Participants
- Jean-Daniel Gerber, State Secretary for Economic Affairs of Switzerland
- Antonio Simoes, Group Director of Strategy, HSBC, United Kingdom; Young Global Leader
- Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom; Global Agenda Council on Systemic Financial Risk
- Jim Quigley, Global Chief Executive Officer, Deloitte Touche Tohmatsu
Moderator
Victor Halberstadt, Professor of Public Economics, Leiden University, Netherlands; Global Agenda Council on Economic Imbalances
CCTV-hosted debate: Finding a growth strategy in the post-crisis world
Session summary
How are major industries rethinking and redesigning future growth models all over the world? Jim Quigley served as a panelist in this televised debate hosted by CCTV. Participants discussed the outlook for the global economy, the decline of global mergers and acquisitions in the last year and whether diversified or focused business strategies are more sustainable in tough times.
During the program, Quigley noted that while signs are pointing toward recovery, the rebound is unsteady in places and there is still a great deal of work ahead of us. This is a good time to consider the M&A option, he said. Further, a more diverse business base will help companies weather the current economic storm. He did say that for a company that’s focused in a high-growth industry – for instance in the renewable energy arena such as solar or wind turbines, there could be enormous growth potential.
Panelists
- Liu Jiren, Chairman and Chief Executive Officer, Neusoft Corporation, People’s Republic of China; Global Agenda Council on Emerging Multinationals
- Kalendu Patel, Executive Vice-President, Emerging Business, Best Buy, USA
- Jim Quigley, Global Chief Executive Officer, Deloitte, USA
- Sir Martin Sorrell, Group Chief Executive, WPP, United Kingdom; Mentor of the Annual Meeting of the New Champions
- Wang Jianlin, Chairman and President, Dalian Wanda Group, People's Republic of China
- John Zhao, Chief Executive Officer, Hony Capital, People's Republic of China; Mentor of the Annual Meeting of the New Champions
Presentation
Rui Chenggang, Director and Anchor, China Central Television, People's Republic of China
Private session: Partnering Against Corruption Initiative
Jim Quigley joined a private session discussing business ethics and corruption as part of the World Economic Forum’s Partnering Against Corruption Initiative (PACI): Growing big, learning that small is beautiful: Emerging multinationals and business ethics.
Session summary
Business ethics often offers a difficult choice. On one hand, corporate governance systems on transparency and business integrity may create a competitive disadvantage in certain instances. On the other hand, having no systems in place often comes with legal and reputation risks. Jim Quigley had a speaking role in this session that evaluated how emerging multinationals can address this challenge when expanding into new markets.
Panelists
- Wolfgang Lehmacher, Chief Executive Officer, GeoPost Intercontinental, France
- Carlos Moreira, Chairman, Chief Executive Officer and Founder, WISeKey, Switzerland
- Emil Mustafayev, First Deputy Chairman, International Bank of Azerbaijan, Azerbaijan
- Jim Quigley, Global Chief Executive Officer, Deloitte, USA
Moderator
Robert Greenhill, Managing Director and Chief Business Officer, World Economic Forum
Private Industry Meeting
CEO Insight Group: Shifting to a new era of sustainable consumption and production
Deloitte’s Global Consumer Business team serves as an official advisor to the World Economic Forum Industry Partnership’s project “Driving Sustainable Consumption”, providing intellectual capital and contributing research to various initiatives. During the Annual Meeting of the New Champions 2009, Peter Capozucca and Lawrence Hutter participated in this private workshop to obtain further input and advance the findings of their project.
Session summary
This session was designed to help participants understand the landscape for sustainable value chains and give them key ideas for next steps and actionable partnerships to put sustainability at the heart of business models.
The project “Driving Sustainable Consumption” builds on the success of the Deloitte Global Consumer Business last year’s WEF project “Sustainability for Tomorrow’s Consumer”.
Deloitte CEO breakfast roundtable
Captain James Lovell addressed selected guests at a Deloitte hosted CEO breakfast roundtable. Lovell is known as the commander of the first Apollo mission to enter the lunar orbit. Later he became the commander of Apollo 13 which on route to the moon suffered an explosion of faulty equipment. During this crisis situation he spoke the famous words: “Houston, we have a problem”. Lovell discussed “Apollo 13: A successful failure” and how his experiences can be applied to the current economic challenges.
Related content
Opening remarks
Introduction by Jim Quigley.
The Risk Intelligence Series
White papers, research and podcasts.
Enterprise Risk Services
Learn how Deloitte can help.
