FiscalNote Investor Presentation Deck
Why It Matters
Boards and CEOs Face
Increasing Global Regulations
and Uncertainty
Mr Van Zuckerberg
an
Fiscal Note
Mr
Regulatory
Pressure
Elon Musk
Broadly speaking, I think, we as a sector need to
do a better job clarifying with policymakers that,
in order to invest in innovation...we need a pricing
environment that rewards innovation, particularly
when it improves outcomes for patients."
- CEO Vas Narasimhan
Q4 2022 Earnings Call
66
NOVARTIS
Higher interest rates lead to the economy running
leaner, more geopolitical instability leads to more
volatility, and increased regulation leads to slower
growth and increased costs of innovation...given
this outlook, we'll need to operate more efficiently than
our previous headcount reduction to ensure success."
- CEO Mark Zuckerberg
2023 Memo to Employees
Meta
"
Political instability, changes to the regulatory
environment or taxation, international trade
disputes and barriers to free trade, international
sanctions, expropriation or nationalization of
property, civil strife, strikes, insurrections, acts of
terrorism, acts of war and public health
situations...may disrupt or curtail our
operations or development activities."
- BP 2020 Annual Report
"We need governments to provide clear
pathways and a consistent taxonomy for
sustainability policy, regulation, and disclosure
across markets."
- CEO Larry Fink
2022 Letter to CEOs
bp
Note: (1) PwC Global CEO Survey (https://www.pwc.com/ceosurvey.html)
BlackRock
More than half
of surveyed global CEOs reported that changes in
regulation will be the biggest impact to profitability
in their industry in the next 10 years ¹View entire presentation