Investor Presentaiton
Managing risk globally
What keeps us out of trouble
1
Reputation
Open reporting .... Robust ombuds
mechanism
2
3
Orphans... eliminating unnecessary
orphans and increasing oversight
Regulatory excellence... domain
expertise and process
•
Locally: a competitive advantage
•
Nigeria
163MM people
• '12E GDP: 7%
'12 Gov't Spend: ~$8B
- 143rd on corruption *
perception index
July '05: GE Energy bids to Nigerian government...
"we certify as a condition of our bid that GE shall not authorize, permit or
tolerate any improper payment..."
•
Sept '05: Order for 18 gas turbines (~$0.4B)
.
May '09: "Company to Country" MOU - early wins: 25
locomotives with option for 75
4
Managing third parties/partners...
rationalizing & strengthening process;
IP protection
⚫ Feb '12: Immelt with President Jonathan ... further cooperation
++
5
Communicating and responding ...
constant messages from leadership
imagination at work
$0.5B
$0.2B
'01
'11
'16F
Reputation for integrity is a
global GE advantage
31
GE Global Investor Day
March 7, 2012
*Source: Transparency InternationalView entire presentation