Corporate Executive Board Recognizes Progressive Corporate Practices with Force of Ideas Awards

Winners Selected Based on Ability to Drive Sustainable Corporate Performance through Management Innovation

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Corporate Executive Board

Sep 16, 2010, 08:00 ET

ARLINGTON, Va., Sept. 16 /PRNewswire/ -- The Corporate Executive Board (NYSE: EXBD), a leading research and advisory services company, today announced the winners of its Force of Ideas Awards. The awards recognize management practices that redefine the way companies do business and that create sustainable value for organizations.

"Identifying new ways to solve business management challenges is critical to advancing corporate performance and is core to CEB's mission as a company," said Scott Bohannon, general manager, Corporate Executive Board. "CEB's Force of Ideas Award winners don't just set the standard for resolving challenges effectively: they represent the best of the best when it comes to innovation in business."

Thirteen companies were selected as Force of Ideas honorees from a pool of more than 80 Fortune 500 nominees. Winners were honored during CEB's Finance and Strategy Summit on Sept. 15, 2010 in Washington, DC. A team comprised of CEB researchers and C-Level executives from leading organizations selected the winners, which included:


Winner

Category

Award Topic

Best Practice

Ameriprise Financial

Internal Audit

Next-Generation Risk-Based Audit Planning

Auditing Value Drivers

Perrigo

Treasury

Capital Planning

Supply/Demand-Side Integrated Capital Plan

Praxair

Tax

Transforming the Tax Function

Tax-Driving Business Process Improvement

Corning

Controller

Finance IT Systems Implementation

Close Activity Time Mapping

Wyndham

Investor Relations

Improving Investor Interaction and Dialogue

Business Model Framing

Agilent

Corporate Finance

Cutting Costs and Keeping a Healthy Growth Focus

Cost Productivity Reports

INFOSYS

Corporate Strategy

Strategy Engagement/Adaptivity

Employee-Refined Strategic Debate

Mars, Inc.

Risk Management

Embedding ERM into Business Processes

Risk Based Performance Management

Amway Corporation

Procurement

Next Generation Cost Savings

Updated Category Planning

Ericsson

Research and Technology

Strategic Technology

Strategic Assumption Stress Tests

American Water

Shared Services

Performance Management

American Water Shared Services

NASA

Shared Services

Performance Management

NASA Shared Services Center

HSBC

Real Estate

Partnering with HR and IT

Strategic Assumption Stress Tests




Entrants submitted applications for the Force of Ideas awards in spring 2010. Initial scoring was based on the following key areas: best practice alignment with overall organizational goals, applicability across similar functions in other organizations and the extent to which the practice solves the root of the problem. Finalists were judged on the long-term value of the solutions, game-changing nature, required investment level, and ease of translation or implementation for peers.  Past winners of the award include Wells Fargo, Volksbank and Lockheed Martin.

For more information on Force of Ideas or Corporate Executive Board please visit www.forceofideas.com.

About The Corporate Executive Board

The Corporate Executive Board Company drives faster, more effective decision making among the world's leading executives and business professionals. As the premier, network-based knowledge resource, The Corporate Executive Board provides customers with the authoritative and timely guidance needed to excel in their roles, take decisive action and improve company performance. Powered by an executive network that spans over 50 countries and represents approximately 85% of the world's Fortune 500 companies, The Corporate Executive Board offers unique research insights along with an integrated suite of exclusive tools and resources that enable the world's most successful organizations to deliver superior business outcomes. For more information, visit www.exbd.com.

SOURCE Corporate Executive Board