Clare Francis, Pinsent Masons: We want to look at the change agenda and what that means for GCs, especially given the unprecedented events that have hit us over the last two or three years which have really disrupted business. Given that our clients are looking at things differently, having different priorities in the boardroom, and seeking to make progress in areas such as ESG and D&I [diversity and inclusion], it will be interesting in our debate to look at how that flows through into what you expect from law firms. To kick off, we thought it would be good to start by asking, what is high up on your priority list today and how have you seen that evolve over the last few years?
David Eveleigh, Serco: Definitely ESG. We at Serco do defence and immigration; if you take defence, this has been an area some investors have been reluctant to be associated with. You have this horrible situation with Russia and Ukraine now, and defence can suddenly be seen as a social good – you have funds that would never invest in defence, now saying defence stocks are investable. ESG analysts and investors may have a very different approach; one will say we are good while another will say we are awful based on the same data. It is probably the variability of ESG that is the biggest issue for us as a company and trying to understand, ‘What should you publish? What should you not publish?’
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