L ong before the recent spate of corporate corruption, First  Commonwealth held itself to the highest standards to ensure  corporate integrity and reliability. First Commonwealth always  has and will continue to be proactive in fully complying with the  requirements of the Sarbanes-Oxley Act of 2002 as well as other  requirements as promulgated by the Securities and Exchange  Commission and the New York Stock Exchange. First Commonwealth  is recognized as a leader in its risk management culture. First Commonwealth utilizes the Balanced Scorecard, a strategic  management and measurement system that enables organizations to  clarify their vision and strategy. This strategy is then translated into  measurable actions that are portrayed in a strategy map with four  perspectives; financial, clients, processes, and employees. The Balanced  Scorecard tool is also being utilized by the Board to manage compliance  with corporate governance requirements. Harvard Business School professor  Dr. Robert S. Kaplan, well-known  cocreator of the Balanced Scorecard,  used First Commonwealth’s practices as a model for an educational  conference in October 2003. During “Improving Corporate Governance:  A Balanced Scorecard Approach,” Dr. Kaplan demonstrated how First  Commonwealth utilizes the Balanced Scorecard not only to plan for  financial success but also to hold its Board members and top executives  his community for granted, Bill Staffen  has spent decades helping others. He has  been a volunteer firefighter for 33 years  and an EMT and board of directors  member of Citizens Ambulance Service.  In addition, he serves as a Wildlife  Conservation Officer for the Pennsylvania  Game Commission, a volunteer for the  Muscular Dystrophy telethon, and a  member of several other civic and  charitable organizations. “My philosophy  is that you can’t just take from your  community, you have to give something  back,” he says. 8 First Commonwealth Robert S. Kaplan, who used First  Commonwealth as an excellent  example of the Balanced Scorecard  Approach, is Professor of Leadership  Development at Harvard Business  School. His research, teaching, and  consulting focus on linking cost and  performance management systems  to strategy implementation and  operational excellence. Bill Staffen  VICE PRESIDENT , Indiana Office AN AVID OUTDOOR SPORTSMAN WHO  HAS NEVER BELIEVED IN TAKING