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ISSUE 7 | SPRING 2016<br />
<strong>The</strong> magazine for FTI EMEA<br />
It’s all<br />
starting to<br />
add up!<br />
Our transfer pricing team<br />
goes from strength to strength<br />
Moscow<br />
office<br />
in the spotlight<br />
Employee<br />
Engagement<br />
and Change Communications<br />
Making a<br />
difference<br />
with our CSR activities
in<br />
this<br />
issue...<br />
03<br />
Regional Spotlight:<br />
MOSCOW<br />
04-05<br />
Definitive Expertise:<br />
TRANSFER PRICING<br />
06-07<br />
Sector Overview:<br />
PUBLIC AFFAIRS<br />
08<br />
SPOTLIGHT ON:<br />
Employee<br />
Engagement<br />
AND Change<br />
Communications<br />
09<br />
COMPANY NEWS<br />
10-11<br />
CORPORATE<br />
CITIZENSHIP<br />
12<br />
What I know now...<br />
Welcome to<br />
the world<br />
Our Values<br />
I ntegrity<br />
Creativity<br />
Achievement<br />
Respect<br />
E mpathy<br />
Welcome to the <strong>Spring</strong><br />
issue of <strong>The</strong> <strong>Eye</strong>.<br />
As the spring months<br />
approach, we all inevitably<br />
feel a little bit more<br />
positive about life. Indeed,<br />
Shakespeare wrote that<br />
“April hath put a spirit of<br />
youth in everything”.<br />
This optimism is well-founded. <strong>The</strong><br />
recently announced 2015 financial<br />
results for our region were very<br />
strong, proving that the investments<br />
we have made in both our people<br />
and our strategy are paying off. We<br />
can look forward with confidence<br />
to the coming months and years.<br />
This continued progress is<br />
exemplified by the business areas<br />
which are highlighted in this issue. At<br />
first glance it may be difficult to find a<br />
common thread, but all of them have<br />
shared a common interest in using<br />
the full range of our cross-border<br />
and cross-business expertise to<br />
offer clients a highly unique service.<br />
In our regional spotlight we look<br />
at our Moscow office which this<br />
year is celebrating its 10 year<br />
anniversary. Through their work in<br />
Russia and across the wider region,<br />
the team have helped businesses<br />
large and small with their strategic<br />
communications and political affairs,<br />
as well as enabling key clients such<br />
as Mastercard to benefit from<br />
our global expertise and reach.<br />
Our transfer pricing team is one of<br />
the unsung heroes of our business.<br />
From a standing start just 18 months<br />
ago this practice is now recognised<br />
by clients and peers alike for its<br />
outstanding level of expertise and<br />
advice. Its success is a mark of<br />
our firm-wide ability to spot and<br />
respond quickly to new market<br />
opportunities, a capability which<br />
sets us apart from our larger rivals.<br />
We also showcase a couple of our<br />
services from within the Strategic<br />
Communications practice.<br />
Both our Public Affairs and our<br />
Employee Engagement and<br />
Change Communications teams<br />
possess a similar ability to work<br />
fully across our business lines<br />
and geographies to help inform<br />
Board and C-suite decisions.<br />
Not only have these teams all<br />
proved they can thrive in their<br />
rapidly evolving markets, but also<br />
that they will be better placed to<br />
take advantage of the opportunities<br />
in front of them if they leverage<br />
the knowledge which we possess<br />
right across our firm. We should<br />
all look to emulate their example.<br />
But it is not only your professional<br />
opportunities we urge you to<br />
maximise. We also hope and<br />
expect you to continue focussing<br />
on achieving your personal<br />
and career aspirations. We are<br />
delighted to congratulate all of our<br />
colleagues who have recently been<br />
promoted, and encourage everyone<br />
to continue to set themselves<br />
ambitious goals. Challenge your<br />
teams and your managers about<br />
their strategies, and about how<br />
you can contribute towards them.<br />
Identify the other teams and experts<br />
within our business who can help<br />
you, and the corporate resources<br />
which are available to you.<br />
We are very pleased with the<br />
progress of our business right<br />
across our region, and we look<br />
forward to going from strength to<br />
strength throughout 2016. Let’s now<br />
maintain our focus and work even<br />
harder to secure the new clients and<br />
opportunities which will ensure this<br />
does indeed become our reality.<br />
We hope you enjoy the magazine.<br />
02 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.
egional spotlight<br />
Moscow<br />
2016 marks the 10 year anniversary of our Russian office. Our SMD<br />
Oleg Leonov and MD Leonid Fink explain the opportunities and challenges<br />
facing businesses wanting to operate in this unique country.<br />
Tell us a little about<br />
our history in Russia.<br />
Whilst our US-based colleagues<br />
had worked on Russianrelated<br />
matters for some<br />
years, our first permanent<br />
office opened in Moscow in<br />
2006 upon the acquisition of<br />
Financial Dynamics (FD). FD<br />
had won major clients such as<br />
Vimpelcom, Mechel and Rusal<br />
who were all looking to build<br />
their international reputations<br />
and raise capital in the Western<br />
markets, and soon became<br />
the market leader working<br />
on the many IPOs emanating<br />
from the former Soviet bloc.<br />
By the time the office<br />
rebranded as FTI Consulting<br />
in 2011, following the global<br />
financial crisis the market, and<br />
our business, had changed<br />
dramatically. Under Oleg<br />
Leonov’s leadership we<br />
diversified our business to offer<br />
the full spectrum of strategic<br />
communications services. Our<br />
Moscow office also serves as<br />
a regional hub, in partnership<br />
with a network of affiliates<br />
who are experienced in the<br />
neighbouring markets of Central<br />
Asia and Eastern Europe.<br />
What type of clients<br />
do you have??<br />
Our client base is balanced<br />
between Russian corporate<br />
leaders such as Sberbank,<br />
Eurochem, Cherkizovo, Lenta,<br />
Promsvyazbank and Mail.ru, and<br />
large Western multinationals<br />
operating in the Russian<br />
market such as MasterCard,<br />
Morgan Stanley, Lafarge,<br />
Electrolux and Lombard Odier.<br />
Last year we welcomed<br />
specialists from Instinctif<br />
Partners to strengthen our<br />
financial communications<br />
offering across the region.<br />
Leonid Fink and Jenny Payne<br />
work out of our London office,<br />
with Anton Karpov in Moscow,<br />
and their arrival has led to an<br />
inflow of new clients, notably<br />
Polymetal International, Lenta<br />
and Cherkizovo Group.<br />
Why is it important<br />
for you to have a<br />
presence in London??<br />
We all recognise how attractive<br />
London is for influential Russian<br />
individuals and companies, and<br />
many Russian companies listed<br />
on the London Stock Exchange<br />
are seeking Russian-language<br />
advice in London, close to their<br />
financial audiences. So we have<br />
a real competitive advantage<br />
if we can offer senior experts<br />
with the knowledge, experience<br />
and language skills to be able<br />
to advise them. In addition,<br />
most of Russia’s neighbours in<br />
the region prefer to be advised<br />
out of London than Moscow,<br />
How do you work with<br />
the other segments<br />
in the EMEA region??<br />
<strong>The</strong> Mastercard account is a<br />
great example of our productive<br />
engagement with SC colleagues<br />
across the world. We have also<br />
partnered with our FLC and<br />
EFC practices in the country<br />
on a number of occasions.<br />
What are the<br />
particular challenges<br />
of working in Russia??<br />
It would be fair to say that we do<br />
face very significant challenges<br />
at the moment. Russia is going<br />
through a severe economic<br />
recession caused mainly by<br />
the fall in oil prices and the<br />
economic sanctions against<br />
the country. This means that<br />
businesses, even large ones,<br />
are struggling and are looking<br />
to cut costs, which inevitably<br />
affects the market for our<br />
services. We have managed to<br />
retain our clients and win new<br />
ones, but there is no doubt that<br />
it is a tough environment.<br />
Finally, tell us a little<br />
about Moscow<br />
Moscow is pretty much like any<br />
other typical large European<br />
city, except it gets very cold<br />
in the winter and very hot in<br />
the summer. <strong>The</strong> cultural life<br />
is amazing: there are dozens<br />
of theatres and art galleries,<br />
and simply walking in central<br />
Moscow along the sprawling<br />
boulevards and squares is<br />
great fun. Possibly the best<br />
experience of all is the fine food,<br />
as we have lots of really good<br />
restaurants at very affordable<br />
prices following the fall of the<br />
Rouble. So do come and visit!<br />
Mastercard was actually our<br />
client in Moscow before it began<br />
working with the SC team across<br />
the globe. It has since become<br />
one of FTI’s largest SC clients.<br />
Oleg Leonov<br />
Leonid Fink<br />
| 03
Definitive Expertise:<br />
Transfer Pricing<br />
Our transfer pricing service has come a long way since the team was<br />
created by Managing Director Ruth Steedman in November 2014. Here,<br />
Ruth explains why our services are so widely sought after.<br />
Before anything<br />
else, please<br />
explain transfer<br />
pricing to us!!<br />
It’s actually a fairly simple<br />
concept describing the pricing<br />
of cross border transactions<br />
between different entities<br />
within the same multinational<br />
group. <strong>The</strong> fundamental<br />
premise of transfer pricing is<br />
the ‘Arm’s Length Principle’ –<br />
the concept that intercompany<br />
transactions should be priced<br />
as they would be between<br />
independent parties, ie: as<br />
they would be at arm’s length.<br />
So why is it so<br />
important for<br />
companies to<br />
get right?<br />
Quite simply, because the<br />
price at which a company<br />
pays a related party for goods<br />
or services (the transfer<br />
price) impacts the profit of<br />
that company, and therefore<br />
the total tax it pays. While<br />
multinational groups obviously<br />
often seek to minimise that<br />
amount, the role of the various<br />
tax authorities is to ensure<br />
they tax their ‘fair’ share of<br />
profit from the activity of a<br />
group in their jurisdiction.<br />
Thus it matters greatly, since<br />
we are all familiar with the<br />
public outcry when the levels<br />
of tax paid in the UK and<br />
other countries by the likes<br />
of Starbucks and Google are<br />
publicised. It can affect the<br />
reputation of the company,<br />
and hit their bottom line if the<br />
public withdraw their custom.<br />
Tell me about<br />
your team and<br />
what you do<br />
I lead the transfer pricing team<br />
and report into the Head of<br />
our Tax Advisory Practice<br />
Marvin Rust. We currently<br />
comprise eight people and are<br />
an international, multilingual<br />
team with members who have<br />
backgrounds in finance, law<br />
and economics, as well as a<br />
former Revenue inspector.<br />
Our role is to price cross<br />
border transactions within<br />
a multinational group to<br />
determine a ‘fair’ price (or<br />
an arm’s length price) for<br />
the transaction. We have the<br />
expertise to advise on all types<br />
of intercompany transactions,<br />
from benchmarking returns<br />
for routine activities such as<br />
the provision of services and<br />
the resale of products, to the<br />
valuation of licence fees for<br />
access to intangible assets and<br />
the determination of interest<br />
rates for intragroup loans.<br />
We also draft documentation to<br />
evidence to the tax authorities<br />
that the price of intercompany<br />
transactions are fair, and<br />
help companies defend their<br />
intercompany pricing when it is<br />
questioned by tax authorities.<br />
We are the UK member firm<br />
of the WTS network, the<br />
largest alliance of independent<br />
tax advisers outside the<br />
Big Four with a presence in<br />
105 countries. As transfer<br />
pricing should always be<br />
considered from both sides of<br />
an intercompany transaction,<br />
this allows us to bring the<br />
necessary international<br />
perspective to our work.<br />
Why do clients<br />
want to buy<br />
transfer pricing<br />
services from FTI??<br />
Apart from the fact that we<br />
have a great team, we have<br />
two unique selling points<br />
that set us apart from our<br />
main competitors, the large<br />
04 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.
accountancy firms. Firstly, we<br />
are free of any audit conflict<br />
issues, simply because FTI<br />
doesn’t have - and has no<br />
intention of having - an audit<br />
practice. Secondly, we have<br />
over 120 brilliant economists<br />
to advise on the economic<br />
analysis required as part of our<br />
work. No other transfer pricing<br />
practice in the UK has close to<br />
this level of expertise available.<br />
What are the main<br />
regulatory issues<br />
which companies<br />
need to address??<br />
<strong>The</strong> OECD has taken<br />
unprecedented action in the last<br />
few years in response to public<br />
and government pressure to<br />
tackle so called base erosion<br />
and profit shifting (“BEPS”)<br />
by multinationals. While the<br />
OECD’s efforts in this area are<br />
on-going, there have already<br />
been a lot of changes in the<br />
transfer pricing area creating<br />
uncertainty for companies.<br />
In future, there will be greater<br />
transparency of multinational<br />
groups’ operations and their<br />
financial profile in the countries<br />
where they operate. This is<br />
something companies need to<br />
prepare for. Greater scrutiny of<br />
the tax affairs of multinational<br />
groups is also to be expected.<br />
What are you<br />
looking forward to in<br />
the coming months??<br />
2015 was a fantastic year for<br />
our team, the highlight of which<br />
was securing a £580K project<br />
with a FTSE 100 company. We<br />
look forward to continuing to<br />
grow, and further bolstering<br />
our reputation through<br />
speaking opportunities and<br />
sponsorships of events such<br />
as TP Minds, which is the<br />
largest dedicated transfer<br />
pricing conference worldwide.<br />
Ruth Steedman<br />
Cross-firm<br />
opportunities<br />
Just as transfer pricing is all about<br />
cross-firm relationships, so too we<br />
are very keen to ensure we leverage<br />
the expertise of our colleagues.<br />
• With EFC, as the transfer pricing<br />
requirements for pricing intercompany<br />
transactions involving IP become<br />
increasingly complex.<br />
• With SC, as companies increasingly<br />
grapple with the reputational and political<br />
challenges resulting from the transparency<br />
of (and focus on) the tax paid by companies<br />
in different countries. A few household<br />
names have chosen to manage these risks<br />
by providing commentary to their financial<br />
filings, and we could work with SC to provide<br />
the technical rational for such commentary.<br />
• With CL, to potentially work on State Aid<br />
cases where companies that have reached<br />
favourable tax rulings with a tax authority<br />
(based on the application of transfer pricing<br />
rules) have been found to have benefited<br />
from State Aid. Starbucks and Fiat are<br />
examples of companies which have recently<br />
been judged by the European Commission<br />
to have benefited from unlawful State Aid.<br />
| 05
sector overview<br />
: Public Affairs<br />
With active members of each of the UK’s main political parties – including<br />
elected local politicians, former candidates for the Westminster and European<br />
parliaments and senior policy advisers – our London Public Affairs team<br />
are not just political observers, but participants and practitioners.<br />
Managing Director Alex Deane explains more about what they do.<br />
Working across the field of<br />
public policy challenges –<br />
from financial services and<br />
industrial issues to energy to<br />
housing policy – the work of<br />
FTI Consulting’s Public Affairs<br />
team is fast-paced and relies<br />
heavily on staying abreast of<br />
the political news of the day. We<br />
then channel this into strategic<br />
guidance and pair it with our<br />
personal political experience<br />
for clients and colleagues.<br />
Alongside this advice, we strive<br />
to be thought leaders – as<br />
demonstrated by our weekly<br />
snapshots and programme of<br />
regular events with ministers,<br />
MPs, journalists and regulators.<br />
So what are the<br />
main challenges<br />
that companies<br />
approach you about??<br />
Businesses often approach our<br />
team for strategic advice when<br />
facing legislative or regulatory<br />
hurdles – such as a proposed<br />
levy that may harm their<br />
profits, rumours that a minister<br />
may have taken a position<br />
contrary to their interests or<br />
a proposed directive that may<br />
cost jobs. We help our clients<br />
to present their messages<br />
to key audiences in the most<br />
compelling manner possible;<br />
including helping them engage<br />
with a host of stakeholders in<br />
industry and media and across<br />
Westminster and Whitehall.<br />
We have played a key role<br />
in offering strategic advice<br />
throughout Serious Fraud<br />
Office investigations, training<br />
clients for high profile Select<br />
Committee hearings, advising<br />
on procurement exercises worth<br />
billions of pounds and during<br />
notable merger and acquisitions<br />
processes. Forward-thinking<br />
clients also seek our<br />
assistance in proactively<br />
building relationships with key<br />
stakeholders, increasing their<br />
profile with policy-makers<br />
and positioning themselves<br />
as thought leaders of their<br />
industry. <strong>The</strong> earlier we are<br />
engaged in a process, the better.<br />
We have also been instrumental<br />
in aiding companies seeking to<br />
re-locate to the UK, such as key<br />
players in the pharmaceutical<br />
and life sciences sector and<br />
have hosted the visits of high<br />
profile dignitaries such as that<br />
of the late US Supreme Court<br />
Justice Antonin Scalia. Justice<br />
Scalia’s visit – his final foreign<br />
engagement – included the<br />
facilitation of a senior panel of<br />
policy-makers, including the<br />
Solicitor General, government<br />
ministers, parliamentarians<br />
and leading jurists.<br />
How do you work<br />
with our other<br />
services and teams,<br />
in the UK and across<br />
the region??<br />
Legislation is increasingly<br />
supranational and global in<br />
nature; a WHO report, an OECD<br />
recommendation or a European<br />
Directive can all directly<br />
affect domestic legislation<br />
here in the UK. Coordinating<br />
efficiently and coherently<br />
with our expert public affairs<br />
teams around the world is<br />
fundamental to being able to<br />
advise our global clients like<br />
MasterCard and ExxonMobil.<br />
We also work closely with<br />
almost all the teams in Strat<br />
Comms, from Financials<br />
on acquisitions and select<br />
committee training to<br />
Employee Engagement and<br />
Change Communication on<br />
handling the political fallout<br />
of large scale job losses in the<br />
industrial sector. On a crosssegment<br />
basis, we collaborate<br />
06 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.
closely with Economic and<br />
Financial Consulting on energy<br />
regulation and Healthcare<br />
Solutions on unlocking<br />
opportunities to provide<br />
exciting new technologies to<br />
the National Health Service.<br />
How do you see your<br />
work developing<br />
throughout 2016?<br />
Following the 2008 financial<br />
crisis, there has been a flurry<br />
of legislative activity often<br />
aimed at tackling potential<br />
systematics risks. Today, there<br />
is increasingly collaboration<br />
across borders to solve big<br />
issues: financial stability,<br />
climate change and terrorism,<br />
to name but a few examples.<br />
That is what makes the<br />
international nature and varied<br />
expertise of our global public<br />
affairs network so impressive.<br />
Our work in 2016 will follow<br />
high profile and contentious<br />
issues such as the future of<br />
Britain’s membership of the<br />
European Union and helping<br />
clients understand the potential<br />
fallout of the London Mayoral<br />
and US Presidential elections.<br />
case study::<br />
Independent<br />
Petroleum Association<br />
of America<br />
Early in 2015 the IPAA’s international<br />
committee asked us to launch a campaign<br />
to combat NGO-backed campaigns aimed<br />
at forcing investors and pension funds to<br />
divest from the fossil fuel industry.<br />
Working together with our Washington office, we<br />
developed and continue to manage a proactive campaign<br />
to rebut false arguments developed by hostile NGOs,<br />
which are disseminated across a number of channels.<br />
Initially concerned with developing strategic messaging<br />
and economic research to support engagement, we have<br />
communicated the IPAA’s message with a number of<br />
stakeholders, including the mainstream press, political<br />
circles and amongst university campuses, helping to<br />
rebalance the debate and educate stakeholders on the<br />
implications of divesting portfolios of fossil fuels.<br />
FTI continues to be retained by the IPAA in both<br />
the US and the UK in 2016.<br />
Alex Deane<br />
| 07
spotlight on<br />
Employee Engagement and<br />
Change Communications<br />
Lucy Phillips (MD, London), Victoria Graefin Strachwitz (MD, Frankfurt)<br />
and Angie Gorman (MD, Chicago) explain our expert employee engagement<br />
and change communications offer and what differentiates us from<br />
other firms in this field.<br />
<strong>The</strong> concept of Employee<br />
Engagement has become<br />
increasingly central in<br />
management thinking in recent<br />
years, and the reason for this is<br />
simple. No matter the country,<br />
culture or market they operate<br />
in, many companies now<br />
recognise that an informed and<br />
enabled workforce performs<br />
better across major financial<br />
and operational metrics and<br />
provides better customer<br />
service and satisfaction.<br />
In short, engaging internal<br />
stakeholders is no longer a nice<br />
to have – it is a must have.<br />
FTI Consulting’s Employee<br />
Engagement & Change<br />
Communications (EECC)<br />
practice has now grown<br />
into twenty cross-sector<br />
practitioners across the world.<br />
We have hubs in London,<br />
Frankfurt, Chicago and<br />
Washington, and we are also<br />
seeing increasing activity in<br />
key markets such as Brussels,<br />
Paris, Dubai, Singapore,<br />
Australia and Hong Kong.<br />
While many firms claim to<br />
offer employee engagement<br />
and change communications<br />
advice, our unique strength is<br />
not just our global presence<br />
and experience, but also<br />
our ability to draw on the<br />
skills and expertise of our<br />
many colleagues from other<br />
disciplines, which adds to the<br />
overall depth of our advice<br />
and strengthens the client<br />
relationship. We also possess<br />
deep in-house corporate<br />
experience and the ability to<br />
provide tactical, on-the-ground<br />
strategy and execution.<br />
For example, we have partnered<br />
with Corporate Finance<br />
for opportunities on major<br />
transformations such as merger<br />
integrations and operational<br />
restructurings. We also worked<br />
closely with Governance, Risk<br />
& Regulation in the Financial<br />
Services sector to develop a<br />
cross segment pre-acquisition<br />
due diligence and postacquisition<br />
integration offering.<br />
Some example of our recent<br />
work includes:<br />
• leading the employee, client<br />
and media communications<br />
for a merger integration<br />
between two global asset<br />
managers. Our focus is<br />
on engaging employees,<br />
supporting retention and<br />
helping shape the new culture.<br />
• advising a global largecap<br />
in Germany which is<br />
rebuilding its HR function,<br />
organisational set-up,<br />
systems and skill-set to<br />
change the way it runs its<br />
people management globally.<br />
Lucy Phillips<br />
Victoria<br />
Graefin Strachwitz<br />
A key part of our work is also to<br />
challenge our clients into new<br />
ways of thinking, and in January<br />
2016, we ran the FTI Global<br />
Employee Confidence Study<br />
(together with our colleagues in<br />
Strategy Consulting & Research,<br />
London) of over 7000 people<br />
across a range of geographies<br />
and industries, to try to<br />
identify some of the employee<br />
engagement challenges their<br />
businesses currently face.<br />
An overwhelming majority of<br />
employees say that effective<br />
organisational communication<br />
can help them master change<br />
better (95%), better understand<br />
their role (93%), gain confidence<br />
in the future success of their<br />
organisation (90%), increase<br />
their personal effectiveness<br />
(89%) and work quality (88%),<br />
and increase their loyalty (85%).<br />
We will be sharing these<br />
findings across all our markets<br />
in the coming months.<br />
We are excited about the<br />
projects in 2016, building an<br />
engaged workforce for our<br />
clients and helping leaders,<br />
managers and employees<br />
transit through change.<br />
Angie Gorman<br />
08 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.
company<br />
news<br />
FTI Consulting at the<br />
World Economic Forum<br />
As an industry partner of the World Economic Forum (WEF),<br />
FTI Consulting works with global leaders and companies to shape the<br />
debate on the emerging business, economic and societal trends.<br />
Throughout the year we participate in WEF’s<br />
programme of regional conferences, culminating<br />
in our attendance at the annual meeting<br />
held in January in Davos, Switzerland.<br />
Organised by our central marketing team in<br />
London, the planning for WEF is a considerable<br />
task. Our evening drinks reception is always very<br />
well attended by senior business and political<br />
figures, and this year, for the first time, we also<br />
held two additional events which showcased our<br />
depth of expertise and impressive connections<br />
with leading figures in the financial world.<br />
Indeed, the first event was a real ‘coup’ (in<br />
the words of one attendee): a fascinating<br />
breakfast discussion with Andrea Orcel, the<br />
President of UBS Investment bank, who was<br />
interviewed by SMD Andrew Walton. In the<br />
free-ranging conversation, Andrea described<br />
the ways in which banks and financial institutions<br />
can regain the trust of their customers,<br />
persuasively arguing that the core capital of<br />
these companies lies in their good reputation.<br />
<strong>The</strong> second meeting discussed the use and<br />
abuse of competition policy, and was moderated<br />
by Jorge Padilla from Compass Lexecon. His<br />
panel featured the good and the great of the<br />
competition world, including Pascal Lamy, former<br />
General Director of the WTO and Sir Philip Lowe,<br />
a former DG of the EC’s Competition Directorate<br />
and now an advisor to our team in Brussels.<br />
We were delighted that over 300 people<br />
attended our sessions through the week,<br />
enabling our delegates, led by CEO Steve<br />
Gunby and our EMEA Co-Chairman Chris<br />
Osborne to connect with some highly influential<br />
leaders such as Douglas Flint, Executive<br />
Chairman of HSBC, and Matthew Layton,<br />
Global Managing Partner at Clifford Chance.<br />
It was great for our firm to be at the centre<br />
of this influential gathering, and we look<br />
forward to continuing our fruitful partnership<br />
with WEF throughout 2016 and into 2017.<br />
<strong>The</strong> benefit to FTI Consulting<br />
of partnership with WEF is both raising<br />
awareness of our brand and, importantly,<br />
meeting clients and targets. It’s critical<br />
that we make the most of each meeting and<br />
expand our networks at each event and<br />
in the weeks and months afterwards.<br />
Jon Aarons<br />
Having a CEO of the calibre of<br />
Andrea speaking to our clients at Davos<br />
was a great way of demonstrating our<br />
depth of knowledge aNd high quality client<br />
relationships on the world stage.<br />
Andrew Walton<br />
| 09
corporate<br />
citizenship<br />
ISO 14001 London<br />
•Our Charity of<br />
the Year<br />
We are delighted and proud that our 2016 charity partner<br />
in London, as voted for by staff, is Action Breaks Silence.<br />
This small but hugely<br />
important charity aims to<br />
create a world where women<br />
and girls can live their lives<br />
free from the fear of sexual<br />
and gender-based violence.<br />
Initially focused on Africa,<br />
South Asia and the UK, Action<br />
Breaks Silence seeks to<br />
achieve sustainable societal<br />
change through a two-tiered<br />
educational programme:<br />
• A three hour workshop,<br />
comprising both a<br />
motivational discussion<br />
and physical skills class,<br />
to empower and protect<br />
women and girls who are<br />
vulnerable to sexual and<br />
gender-based violence and,<br />
importantly, who feel they<br />
have no voice or support<br />
Employees in our London office may be aware that we are currently<br />
in the process of applying for our ISO 14001 certification.<br />
ISO 14001 is the world’s<br />
first international<br />
environmental standard,<br />
and helps organisations<br />
such as ours to improve our<br />
environmental, sustainability<br />
and operational performance.<br />
By meeting this standard, we<br />
are able to ensure our business<br />
becomes more sustainable<br />
and cut unnecessary costs and<br />
waste. It is also an increasingly<br />
important requirement for all<br />
RFPs and business pitches.<br />
<strong>The</strong> date for our ISO 14001<br />
audit is fast approaching.<br />
To ensure that we are<br />
successful in our application<br />
we require your help and<br />
commitment. You can help<br />
• A four hour workshop<br />
for 7-11 year old boys which<br />
is specifically designed<br />
to build feelings of deeprooted<br />
empathy towards<br />
women and girls and, in<br />
the longer-term, prevent<br />
abusive or violent behaviour<br />
We cannot ignore the scale<br />
of this problem. According<br />
to a recent global review of<br />
available data, 35 per cent<br />
of women worldwide have<br />
experienced either physical<br />
and/or sexual violence.<br />
Furthermore, worldwide<br />
statistics have shown that<br />
over 90% of sexual violence<br />
is initiated by someone the<br />
survivor or victim knows.<br />
Since October 2014 Action<br />
Breaks Silence has taught<br />
by observing the following:<br />
Waste Management<br />
Please ensure that you are<br />
vigilant in disposing of your<br />
rubbish in the correct waste<br />
stream. Food waste should<br />
only be deposited in the food<br />
caddies in the kitchens. Please<br />
be aware that all the food<br />
containers used by our café<br />
are recyclable. However, before<br />
disposing of the container<br />
itself, please empty any<br />
leftover food into a caddy.<br />
Electricity<br />
At the end of each working<br />
day, we ask that all staff turn<br />
off their laptops or computers,<br />
including the screens. Please<br />
also ensure that any additional<br />
“Empowerment and Personal<br />
Safety” workshops, free of<br />
charge, to over 18,000 women<br />
and girls in India and 1,000<br />
girls in Soweto, South Africa.<br />
This year we look forward to<br />
raising money to help change<br />
the lives of as many vulnerable<br />
women, girls and boys as<br />
possible. We have made a<br />
tremendous start already, with<br />
a highly successful London-<br />
Paris bike ride by 13 members<br />
of our EFC and FLC teams.<br />
But we know we can do much<br />
more, and we have a number<br />
of ambitious and exciting ideas<br />
for the coming months. If you<br />
would like to get involved,<br />
just speak with our CSR<br />
Manager Natalie Ashwood.<br />
electrical items (such as<br />
desk lamps) are turned off<br />
before leaving the office.<br />
Travel<br />
We ask that staff consider<br />
using public transport or<br />
walking before taking a taxi<br />
to client meetings. If a taxi is<br />
deemed to be the best option,<br />
please share the car with your<br />
colleagues travelling to the<br />
same meeting, where possible.<br />
You will be able to find updates<br />
on our progress and our<br />
environmental objectives<br />
on the CSR noticeboard<br />
on the 4th floor café. If you<br />
have any questions in the<br />
meantime, please contact<br />
our Facilities department.<br />
10 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.
Brussels<br />
Relief for Refugees<br />
<strong>The</strong> widespread media coverage of the ongoing<br />
refugee crisis in Europe did not go unnoticed by Jan<br />
Hueckmann and Maria Tsoni, both in our SC team<br />
in Brussels. Over recent months they have made a<br />
substantial contribution to the lives of hundreds of<br />
refugees waiting at the city’s immigration office.<br />
Every day since last summer,<br />
refugees from Afghanistan,<br />
Syria, Somalia and other war<br />
torn countries arrive at the<br />
Belgian immigration office to<br />
meet with officials to secure<br />
citizenship. It’s a long, tiring and<br />
cold wait, often sleeping through<br />
the night on the pavement<br />
outside together with their<br />
young children. Once they have<br />
secured their appointment for<br />
later that day, they have to wait<br />
hours without food or drinks.<br />
A local NGO has been<br />
supporting the refugees with a<br />
hot cup of tea or coffee, fresh<br />
fruit and snacks but they have<br />
not been able to keep up with<br />
the massive numbers who keep<br />
coming, and extra support,<br />
both logistically and financially,<br />
was desperately needed.<br />
Last October Jan Hueckmann<br />
heard about the NGO’s appeal<br />
for support and decided to<br />
personally contribute with<br />
a weekly food donation,<br />
arriving at the immigration<br />
office every Friday morning<br />
at 6:30 am to help distribute<br />
the food before going to the<br />
office. In early January, a<br />
number of his colleagues<br />
asked if they could join him<br />
and began collecting food, and<br />
later financial, donations.<br />
From the money raised, FTI<br />
Consulting has been able to<br />
donate dozens of self-packed<br />
lunch bags for the refugees<br />
every week. This enables<br />
the immigrants to take the<br />
lunch bags with them during<br />
their long day ahead with the<br />
immigration authorities.<br />
At the same time, Maria<br />
Tsoni coordinated another<br />
joint effort within the office<br />
to collect warm clothes and<br />
hygiene products. <strong>The</strong> huge<br />
response enabled Maria and<br />
her colleagues to deliver a<br />
large number of items to a local<br />
warehouse for distribution to<br />
the people who need it most.<br />
Jan and Maria have received<br />
considerable gratitude for their<br />
wonderful efforts, both from<br />
the NGO and the immigrants<br />
themselves. In addition, the<br />
support from all members of<br />
our Brussels team has been<br />
fantastic and significantly<br />
surpassed all expectations.<br />
Unfortunately, as we all know,<br />
there is no happy ending to<br />
this story and the thousands<br />
of refugees in Brussels still<br />
need considerable help and<br />
support. Jan, Maria and others<br />
from our office will continue<br />
making their food and clothing<br />
donations and helping with their<br />
distribution throughout 2016.<br />
Jan Hueckmann<br />
Maria Tsoni<br />
| 11
what I know now…...<br />
In our regular series, Julia Harrison, Senior Managing Director and Managing Partner<br />
of our Strategic Communications team in Brussels tell us the most valuable lessons she<br />
has learnt from her career... and from life!<br />
<strong>The</strong>re’!’s an awful lot of<br />
hot air in the world<br />
You know more than you think you<br />
do. Be confident in your abilities,<br />
skills and expertise and always try<br />
to be substantive and thoughtful.<br />
Be modest, however<br />
that is defined!!<br />
I realise over time I have met some<br />
incredibly smart and fascinating<br />
people and I am often in awe of them.<br />
Be direct and empathetic<br />
with people in a<br />
difficult situation<br />
I recall once beating around the bush<br />
with someone during a performance<br />
review. <strong>The</strong>y turned round to me<br />
and said that I was not helping<br />
them or their development with<br />
my prevarication, and it would be a<br />
lot better if I told them directly the<br />
issues they needed to address.<br />
Stay open to new ideas<br />
Learning is a great way to challenge<br />
group thinking, particularly from<br />
young people coming into the<br />
business (not that I am old, you<br />
understand). That means they<br />
need a voice and an environment<br />
where it is safe to challenge.<br />
Keep it all in perspective<br />
When someone asks you what you<br />
know now, you are almost certainly<br />
in the last decade before retirement!<br />
But it is certainly more flattering than<br />
being cited as a “veteran lobbyist.”<br />
celebrate<br />
welcome to the world…...<br />
Albie, son of<br />
Jenny Martin<br />
(FLC, London)<br />
on 20 February<br />
Edward, son of<br />
Jess Andrews<br />
(HR, London)<br />
on 15 December<br />
Gael, son of<br />
Claudia Montagenese<br />
(CL, Madrid)<br />
on 30 January<br />
Jude, daughter of Adi<br />
Alsaeedy (FLC, Doha)<br />
on 12 December<br />
Lucas, son of<br />
Raul Chamorro<br />
Malagón (FLC, Madrid)<br />
on 24 February<br />
Albie<br />
Edward<br />
Gael<br />
Jude<br />
Lucas<br />
12 |<br />
Please note this newsletter is for internal reference only within FTI Consulting<br />
and not for external distribution to clients or any other third parties.<br />
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