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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. 

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 

## AN AVID OUTDOOR SPORTSMAN WHO HAS NEVER BELIEVED IN TAKING 

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 

Harvard Business School professor Dr. Robert S. Kaplan, well-known cocreator of the Balanced Scorecard, 

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. 

