Advisory Board Chair

Carl Ferenbach is Chairman & co-founder of High Meadows Foundation and High Meadows Fund.

Mr. Ferenbach was a co-founder of Berkshire Partners LLC, a private equity investment firm based in Boston, MA. He was previously a Managing Director.  Berkshire has managed nine private equity  investment funds and the Stockbridge Fund with approximately $16.0 billion of capital.  Mr. Ferenbach served as Chairman of the Board of English Welsh and Scottish Railway Ltd., US Can Corporation, and Crown Castle International Corporation.  He also served as a director of other Berkshire portfolio companies.

Mr. Ferenbach received an AB from Princeton University and an MBA from Harvard Business School.  He served in the US Marine Corps Reserve. In addition to chairing the High Meadows Foundation board, Mr. Ferebnach also serves on the following boards:

  • Chairman, Environmental Defense Fund and Environmental Defense Fund Ltd., an international environmental advocacy NGO.
  • Member, President’s Advisory Council at Princeton University, the Advisory Board of Princeton Environmental Institute, and a retired trustee
  • Member of the Council of The Wilderness Society
  • Director, Climate Central
  • Chairman and co-founder, High Meadows Institute
  • Member of the Board of the Centre for Enterprise, Markets & Ethics in Oxford, England
  • Trustee, Woodrow Wilson National Fellowship Foundation
  • Chairman, Woodrow Wilson Academy
  • Chairman, Cantillon & Mann LLC publishers of the Journal of Applied Corporate Finance
  • Director, Independent Energy Standards
  • Member, Advisory Board of Private Capital Research Institute
  • Director, Telluride Foundation

He and his wife, Judy, own High Meadows Associates, Inc. which operates farms in southern Vermont breeding horses and producing maple sugar products. 

Project Directors

Don Chew iDon Chews the founding editor and Editor-in-Chief of the Journal of Applied Corporate Finance (JACF), a publication he started almost 30 years ago. The JACF is a quarterly publication that communicates the practical import of the best current research in corporate finance, conducted mainly at leading universities. It provides a forum for the exchange of ideas between finance academics and industry practitioners, the target audience, with the aim of increasing corporate managers’ understanding of financial markets. The JACF was acquired by Morgan Stanley in 2004, where Don worked until 2013.

Before joining Morgan Stanley, Don was one of the founding partners of Stern Stewart and Co., a New York-based corporate finance advisory firm started in 1982 that is best known for popularizing a measure of corporate performance called EVA. He has published over ten books on corporate finance, including The New Corporate Finance–Where Theory Meets Practice and (with Joel Stern) The Revolution in Corporate Finance, which are both widely used in business schools throughout the United States and Europe. Don has both a Ph.D. in English and an MBA in finance from the University of Rochester.

Chris PinneyChris Pinney is the High Meadows Institute’s founding President.  The Boston-based Institute was established in 2013 by a group of business leaders to explore the role for business in helping define a 21st century social contract that ensures economic and social progress in a global economy and society.  Chris brings to the Institute over twenty-five years of experience working with C-suite executives nationally and internationally on this issue.

Prior to the Institute, Chris was Vice President at the Alliance for Business Leadership, a non-partisan alliance of CEOs, business leaders, entrepreneurs and investors committed to defining a path forward for business leadership on sustainability.  He was also a Senior Fellow at the Aspen Institute Business and Society Program, where led the development of the Business and Society Leaders Forum.

Previously Chris was Director of Research and Policy at the Boston College Center for Corporate Citizenship, where he worked with Global 300 companies on corporate strategy and sustainability.  He also served as Director of Executive Education and was the chief architect of the Center’s Corporate Citizenship Management Framework.  As Adjunct Professor at the Boston College Carroll School of Management, Chris designed and taught the MBA curriculum on corporate citizenship as an integrated driver for business strategy.

Prior to joining Boston College, Chris was Director of the Imagine program in Canada, a national initiative that brought together Canada’s leading CEOs and over 600 companies in a campaign to define an expanded role for business leadership in Canada based around a set of principles and commitments. Chris also served as Vice President of Corporate Citizenship at the Canadian Centre for Philanthropy.

Chris has an extensive background in international development and has served as Vice President of the Canadian Council for International Cooperation and Chair of the Brussels-based International Council for Development Action.

Chris has a BA (Hons) from McGill University and is an RSA Fellow.

Advisory Board Members

Jeffrey BerensonJeffrey L. Berenson, Chairman and CEO of Berenson & Company, has spent more than 35 years in the investment banking business. He joined White Weld & Co. in 1972 and joined the Mergers and Acquisitions Department of Merrill Lynch following Merrill Lynch’s acquisition of White Weld in 1978. Berenson was appointed head of Merrill Lynch’s Mergers and Acquisitions Department in 1986 and co-headed Merrill Lynch’s Merchant Banking Group from 1988-1990. In 1990, he co-founded Berenson Minella & Company, the predecessor firm to Berenson & Company.

Berenson graduated Magna Cum Laude with a B.A. from Princeton University in 1972.



Sheila Bonini Sheila Boninileads the private sector engagement team at the World Wildlife Fund (WWF), overseeing a team of sustainability professionals supporting the organization’s conservation mission. She works with more than 100 companies on sustainability sourcing and awareness-raising, all with the goal of harnessing the power of the private sector as a force for conservation.

Sheila joined WWF from The Sustainability Consortium (TSC), a global organization focused on making consumer products more sustainable, where she served as Chief Executive Officer. In that capacity, she focused the organization on developing strategies and tools across the full product lifecycle that help to transform consumer goods supply chains. Prior to joining TSC, Sheila spent more than 15 years with the global consulting firm McKinsey & Company in the US, Europe and South America. Sheila served as senior expert consultant and co-leader of McKinsey’s Sustainability Transformation Service, and her work focused on the link between social and environmental impact and financial value creation. Prior experience includes investment banking at Merrill Lynch and Goldman Sachs.

Sheila received an AB degree in Applied Mathematics from Harvard University and an MBA from Stanford University Graduate School of Business.

Robert EcclesRobert G. Eccles is a Visiting Professor of Management Practice at the Said Business School, University of Oxford and a Visiting Lecturer at the Sloan School of Management at the Massachusetts Institute of Technology. He was a Professor at Harvard Business School and received tenure in 1989. He left in 1993 to work in the private sector and rejoined the Harvard faculty in 2007 from which he retired in 2016.

After receiving tenure, Professor Eccles began research on corporate reporting. He wrote the first book on integrated reporting, One Report: Integrated Reporting for a Sustainable Strategy (with Michael P. Kruz), which was the winner of the 2010 PROSE award in the category of Business, Finance, & Management. His most recent book published in November 2014 is The Integrated Reporting Movement: Meaning, Momentum, Motives, and Materiality (with Michael P. Krzus and Sydney Ribot). Eccles has also written extensively about sustainability from both a company and investor perspective, including in his column on where he is a regular contributor.

Eccles is Chairman of Arabesque Partners, the world’s first “ESG Quant” fund. He is also Chairman of KKS Advisors and is a member of the board of the Mistra Center for Sustainable Markets at the Stockholm School of Economics. He was the founding Chairman of the Sustainability Accounting Standards Board and one of the founders of the International Integrated Reporting Council.

Dr. Eccles received an S.B. in Mathematics and an S.B. in Humanities and Science from the Massachusetts Institute of Technology and an A.M. and Ph.D. in Sociology from Harvard University.

Steve LydenbergSteve Lydenberg is Strategic Vision for Domini Social Investments LLC. For over three decades he has been active in responsible investment with the Council on Economic Priorities, Trillium Asset Management and KLD Research & Analytics. He is author of numerous articles on responsible investment including “Reason, Rationality and Fiduciary Duty” (Journal of Business Ethics) and “On Materiality and Sustainability: The Value of Disclosure in the Capital Markets” (Initiative for Responsible Investment).

He is also author and co-author of several books on responsible investment including Corporations and the Public Interest (Berrett-Koehler) and Dilemmas in Responsible Investment (Greenleaf). He is the Founding Director of the Initiative for Responsible Investment and serves on the Sustainability Accounting Standards Board’s Metric Advisory Board. He holds a Certified Financial Analysts charter and a Masters of Fine Arts from Cornell University.



John McCormackJohn McCormack has been Associate Editor of the Journal of Applied Corporate Finance since 2010. Prior to that, he was on the Global Valuation, Accounting, and Taxation team in Morgan Stanley’s Equity Research Department and before that he spent eight years at Stern Stewart & Company where he headed the Energy & Resources corporate finance practice. Those responsibilities included work with oil companies, electric utilities, and mining companies across North America, Europe, Latin America, Southeast Asia, Australia, and New Zealand.  Those experiences also formed the basis for several articles he contributed to the JACF.

John’s experience with the energy industries began as an energy and metals derivatives trader at O’Connor & Associates, a proprietary trading firm that was eventually acquired by UBS. He has taught several courses on financial risk management and corporate governance at NYU as an adjunct faculty member and has been a guest lecturer at several other US business schools. He holds a BA from the University of Pennsylvania and an MBA from Harvard.

Ken PuckerKen Pucker currently serves as an investor and board member in a number of consumer brands, a Lecturer at Boston University School of Management, and as an Advisory Director at Berkshire Partners.

Ken’s holdings include investments in Timbuk2 Designs and QUINN popcorn. In addition, Ken serves as a member of the faculty at Boston University School of Management teaching courses focused on sustainability.

Ken spent the majority of his professional career working at Timberland (formerly NYSE: TBL) serving as COO from 2000 to 2007. After joining the company in 1992, Ken served in multiple roles at Timberland over a fifteen-year period. During his tenure with the company, Timberland grew by tenfold to over $1.6b in sales. During this period, the company was recognized for nine consecutive years as one of Fortune magazine’s 100 Best Companies; as a Forbes magazine’s Platinum Investment and as a top ten ethical company according to Business Ethics magazine.

After graduating Cum Laude from Middlebury College, Ken worked as an Analyst in the Municipal Finance Department at Goldman Sachs and as a Research Associate at the Brookings Institution in Washington, D.C. Ken received a Masters of Science in Business Administration from M.I.T’s Sloan School of management in 1990.

John RogersJohn D. Rogers is an investment professional and company director with nearly 30 years of experience in global leadership roles. He currently serves on the board of directors of two firms, SWM International and OM Asset Management, both listed on the New York Stock Exchange. Rogers is the former President, Chief Executive Officer and a member of the Board of Governors of CFA Institute, the world’s largest association of investment professionals.  Mr. Rogers served in these positions from January 2009 through May 2014.  From May 2007 through December, 2009  Mr. Rogers was the principal and founding partner in Jade River Capital Management, LLC, an investment adviser located in Atlanta, Georgia that served high net worth clients.  Previously Mr. Rogers served as President and Chief Investment Officer of Invesco Asset Management Ltd. (Japan); Chief Executive Officer and Co-Chief Investment Officer of Invesco Global Asset Management, N.A., and as Chief Executive Officer of Invesco’s Worldwide Institutional Division. Mr. Rogers previously served on the Board of Directors of AMVESCAP plc (now Invesco Ltd.) from January, 2003 to February, 2007.

Mr. Rogers, a Chartered Financial Analyst, received a B.A. in history from Yale University and an M.A. in East Asian studies from Stanford University.  He has been appeared on Bloomberg Television, CNBC, National Public Radio, and other media outlets, and has written and spoken widely about corporate government, financial market structure and sustainability, and the future of finance.

George SerafeimGeorge Serafeim is an Associate Professor of Business Administration in the Accounting and Management Unit of the Harvard Business School. He has taught courses in the MBA and doctoral programs, chaired Executive Education programs, and written more than 100 articles and business cases. His work on how organizations integrate sustainability issues into their strategy, integrated reporting, and sustainable investing has won numerous awards and has been presented at more than 100 conferences in over 20 countries. He is one of the most popular business authors, according to download rankings of the Social Science Research Network.

Professor Serafeim’s research interests are international, focusing on equity valuation, corporate governance, and corporate reporting issues. His work has been published in prestigious academic and practitioner journals such as the Strategic Management Journal, Journal of International Business Studies, Review of Accounting Studies, Journal of Accounting Research, Journal of Finance, Management Science, Financial Analysts Journal, MIT Sloan Management Review, Journal of Applied Corporate Finance, Harvard Business Review and has appeared in media outlets including Bloomberg, Financial Times, The Wall Street Journal, The Guardian, The Economist, The New York Times, and NPR. He is the co-author of a book on the transparency and valuation of insurance companies and the co-author of a study, commissioned by the European Union, that evaluated the relevance of public information disclosed during the transition of European companies to IFRS.

Professor Serafeim’s work with Robert Eccles on The Performance Frontier was recognized as “The Big Idea” at Harvard Business Review. He has served on the Technical Review Committee of the Global Initiative for Sustainability Ratings and on the Standards Council of the Sustainability Accounting Standards Board. He has advised numerous organizations around the world and he is a co-founder of KKS Advisors.

Professor Serafeim earned his doctorate in business administration at Harvard Business School, where his dissertation was recognized with the Wyss Award for Excellence in Doctoral Research. He received a master’s degree in accounting and finance from the London School of Economics and Political Science, where he was awarded the Emeritus Professors’ Prize for best academic performance.

Sandra WaddockSandra Waddock, DBA is Galligan Chair of Strategy, Carroll School Scholar of Corporate Responsibility, and Professor of Management at Boston College’s Carroll School of Management.  She has published more than 100 papers and 11 books, and received the 2014 Lifetime Achievement Award in Collaboration Research (CSSI Symposium and Partnership Resource Center, Erasmus U.), 2011 David L. Bradford Outstanding Educator Award (Organizational Behavior Teaching Society), 2005 Faculty Pioneer Award for External Impact (Aspen Institute), and the 2004 Sumner Marcus Award for Distinguished Service (Social Issues in Management, Academy of Management).

Current research interests are stewardship of the future, corporate responsibility, the problem of growth, wisdom, system change, management education, and intellectual shamans.  Her forthcoming book is Intellectual Shamans (Cambridge, in press 2015).  Other recent books include: Building the Responsible Enterprise with Andreas Rasche (2012), SEE Change:  Making the Transition to a Sustainable Enterprise Economy with Malcolm McIntosh (2011),  and The Difference Makers (2008, SIM Best Book Award, 2011).


Ed WaitzerEdward J. Waitzer was Chair of Stikeman Elliott LLP from 1999 to 2006 and remains a senior partner whose practice focuses on complex business transactions. He also advises on a range of public policy and governance matters. He is a Professor and the Jarislowsky Dimma Mooney Chair in Corporate Governance and is Director of the Hennick Centre for Business and Law at Osgoode Hall and the Schulich School of Business at York University. He served (1993-1996) as Chair of the Ontario Securities Commission (and of the Technical Committee of the International Organization of Securities Commissions) and (until 1981) as Vice-President of The Toronto Stock Exchange. He is Chair of the Liquor Control Board of Ontario and Vice-Chair of Sociedad Quimica y Minera de Chile (SQM).

He has written and spoken extensively on a variety of legal and public policy issues and serves or has served as director of a number of corporations, foundations, community organizations, editorial boards and advisory groups. He earned his LL.B. (1976) and LL.M. (1981) from the Faculty of Law, University of Toronto. Called to the Ontario (1978) and the New York (1985) Bars.