Kuala Lumpur Agenda

Monday 10th July 2017: Pre-Event Activities
13:00 - 18:00

Academic Day - Agenda

ICGN is proud to be hosted by the University of Malaya to discuss "Board effectiveness and minority shareholder rights in Asia: What can we learn from academic research?"

Presenters include: Renee Adams, Professor of Finance, University of New South Wales; Terence Gomez, University of Malaya & Professor Hideaki Miyajima, Waseda Insitute for Advanced Study. 

Tuesday 11th July 2017
08:30 - 11:55

Committee Meetings - Agenda

Meet with ICGN Committee Chairs to understand ICGN Policy Priorities and initatives. Open to Members and non-members alike. Please select in your registration if you would like to attend.

10:00 - 11:00
Press Conference

To apply for a press pass by email contact Elle Thomas, Head of Events & Communications: elizabeth.thomas@icgn.org 

12:05 - 13:20
Lunch Sessions: Engaging boards on workforce priorities: Talent strategies, opportunities and risks Hosted by EY

Businesses often identify people as their greatest asset, but fundamental changes in where, when and how work gets done can have a profound impact on a company’s strategy. Companies are adapting to disruptions beyond geopolitical market shifts, including those driven by the gig economy and the rise of big data, robotics and artificial intelligence. What related trends and risk factors should be on investors’ radar? 

Lunch Session B: Taking back the power: Giving a renewed voice to shareholders Hosted by Goal Group and ICP

An examination of the various global methods of shareholder engagement via collective action and legal redress in order to enhance corporate governance, right wrongs, and bring returns back into your funds.

13:30 - 15:45
ICGN AGM

Hear from the ICGN Board about strategic priorities and our work programme. ICGN Members can approve revised ICGN Global Governance Principles and elect board of governors.

15:45 - 16:00
Refreshments
16:00 - 16:10
ICGN Annual Conference Opening: Welcome from ICGN Chairman
16:30 - 16:45
16:45 - 18:00
Plenary 1: Redefining capitalism for a sustainable global economy

Lack of public trust in capitalism, coupled with political instability in major markets around the world, is calling into question the effectiveness of global governance standards and practices.  Confidence in the purpose of capital markets which serves to drive corporate value, economic growth and social prosperity is at an all time low. What can be done to turn the tide and channel our energies into the achievement of critical initiatives such as the UN Sustainable Development Goals? What are the macro-economic drivers to bring about change and how can we, at an institutional and individual level, play our part?  

18:30 - 20:30
Welcome Reception at the Petronas Towers
Wednesday 12th July 2017
07:30 - 08:35
Breakfast session: Maximising the effectiveness of board engagements Hosted by Malaysian Directors Academy (MINDA)

Some of the world’s largest asset managers including BlackRock, Vanguard and State Street have expanded their stewardship teams to engage more frequently with investee companies and their boards. More regular board interaction enables investors to better understand whether the board is overseeing key risks effectively. But to make the most of these conversations, investors need to tackle some important issues that most boards don’t handle well – and to come at these issues from a knowledgeable, inside perspective.

09:00 - 09:30
Welcome Address
09:50 - 11:05
Plenary 2: Global Round-Up: Governance priorities and challenges in major markets

Over the last decade there has been a dramatic shift in listings from developed to emerging markets resulting in a dominance of concentrated ownership in listed companies world-wide. Despite this fact, fundamental concepts of investor stewardship and corporate governance continue to focus on agency conflicts prevalent in broadly-held companies common in Australia, Japan, UK and USA. What are the governance issues that stem from different ownership structures? How are commonalities across Asian markets distinct from governance norms in markets dominated by broadly held companies? To what extent do regulators  embrace good corporate governance as a strategic issue or is it simply a compliance exercise? Is there a trend for some markets to disregard basic minority shareholder rights and how can this be overcome – if at all? 

11:05 - 11:35
Refreshments
11:35 - 12:50
Plenary 3: Regional Round-up: unique characteristics in Asian markets

Each market in Asia has unique corporate governance characteristics and this session will provide a clear understanding of differences while drawing commonalities driven by initiatives such as the ASEAN Corporate Governance Scorecard.

12:50 - 13:45
Networking Lunch
13:45 - 15:00
Hosted Breakout Sessions
Session A: Addressing the negative implications of short-term strategies Hosted by KPMG

Corporations are subjected to various reporting requirements and performance measurements which may cause ‘short termism’. Short-termism can result in under-investment, adoption of short term goals and in an extreme scenario – mismanagement of financial numbers and fraud. What role can the audit profession play to help bring attention to the negative implications of short-term strategies?  Is there a role for broader assurance over KPIs reported outside of the financial statements? 

Session B: Addressing the needs of long term investors Hosted by MSCI

What are leading Asset Owners and Asset Managers doing to shift their investment processes to focus on long-term value creation? How do corporate governance and ESG investment considerations relate to long term investing? Do engagement topics differ for long term investors? Are current valuation and risk models appropriate to long term investors?

Session C: Emerging markets and the importance of stewardship Hosted by Martin Currie Investment Management
Given the potential for higher levels of both risk and return in emerging markets, active ownership and engagement are increasingly pertinent. A forward-looking, pragmatic approach that  incorporates an assessment of a company’s governance and sustainability credentials enhances fundamental research, and can help identify those business models that are most likely to sustain high returns and resist competitive pressures.
 
This session will discuss the governance peculiarities in emerging markets; a framework for assessing risks and opportunities; and the power of active ownership.
15:00 - 15:30
Refreshments
15:30 - 16:45
Plenary 4: Contrasting approaches to board composition: Is there an optimum model?

This session will examine the pros and cons of different models of board composition across major markets.  What are the challenges facing boards comprised solely of independent directors prevalent in the USA. Is the UK system with executives, non-executives and independent non-executives an optimal approach? How is succession managed in family controlled companies and what can directors do to be more effective in their oversight role? This session will also assess progress to improve gender diversity on boards as well as broader social and economic factors including the rising debate around employee representation.

18:00 - 19:00
Pre-Dinner Reception
19:00 - 22:00
20:00 - 20:30
ICGN Awards
  • Introduced by:
Thursday 13th July 2017
07:30 - 08:45
Breakfast Session: Is the public corporation model under attack? Hosted by Nestle

The contribution  of public corporations to global GDP has significantly declined, private companies delay their IPOs or do them without voting rights. Is there something fundamentally flawed with public companies and the influence of institutional investors?

09:00 - 09:15
09:15 - 10:30
Plenary 5: The dynamics of investor stewardship in the face of multiple corporate structures

Investor stewardship is promoted in many markets in Asia to encourage more active company and shareholder engagement. How should international investors’ stewardship approach be adapted to take account of local corporate and market culture? How do the engagement topics vary between countries: Are any issues off limits? To what extent is engagement encouraged and with whom – boards or executive management? What initiatives are being undertaken to encourage dialogue between companies and investors to help preserve and enhance long-term corporate value and sustainable capital markets? 

10:30 - 11:00
Refreshments
11:00 - 12:15
Company Engagement Meetings

Malaysian companies meet with global investors to talk about their governance arrangements and sustainability practices.

Johor Corporation

Johor Corporation (JCorp) was established as a public enterprise and a statutory body via Johor Enactment No. 4 1968 (as amended under Enactment No. 5, 1995). As a State-owned Conglomerate, JCorp through its Group of Companies is involved in core businesses encompassing Palm Oils (KULIM), Specialist Healthcare, Food & Restaurant Services, Property, Port Services, Hospitality, Intrapreneur as well as Oil & Gas. 

Westports Holdings

Westport Holdings are the leading terminal operator in Port Klang controlling 76% of the market share in container volume throughput as at end of 2015. They have handled 9.05 million twenty-foot equivalent units (“TEUs”) container throughput and 10.2 million metric tonne of bulk cargo in 2015. 

AmBank Group 

While AmBank Group continues to grow dynamically and gain recognition as Malaysia’s preferred financial solutions group, its strategic partnerships with key global players has paved the way for greater international connectivity.

Bursa Malaysia

Bursa Malaysia is one of the largest bourses in Asia. We operate and regulate a fully integrated exchange offering a comprehensive range of exchange-related facilities including listing, trading, clearing, settlement and depository services.

12:15 - 13:30
Networking Lunch
13:30 - 14:30
Plenary 6: Enlightened approaches to corporate reporting

Are there differences in the scope of reporting/disclosure between Asian and Western countries? How is Asia responding to the ESG demands of globally diversified investors? What is the appetite for ‘integrated reporting’ in the region? What level, quality and frequency of reporting can we reasonably expect?

14:30 - 15:30
Plenary 7: Responsible Investment – incorporating ESG as the norm and not the exception

The concept of responsible investment is gathering pace but some would say at tortoise speed. At what point can we drop the ‘R’ from ‘RI’ and consider the integration of ESG factors as mainstream? How are ESG risks and opportunities being considered by investors? In this final session, investors will share their insights into ESG analysis for the investment strategies of integration, engagement, voting and screening, risk profiling. 

Friday 14th July 2017
07:15 - 07:30
Meet at the Shangri-La Hotel
07:30 - 09:00
Bus journey
09:00 - 14:00
Tour of Sime Darby Plantation

We are delighted to offer our international delegates the opportunity to participate in a site visit to Sime Darby Plantation at Carey Island. Sime Darby Plantation is the plantation and agri-business arm of the Sime Darby Group and is involved in oil palm, rubber and sugarcane cultivation, plantation management, downstream activities, cattle rearing, agribusiness and food, as well as Research & Development (R&D).

The merger of Sime Darby Berhad, Golden Hope Plantations Berhad and Kumpulan Guthrie Berhad (completed on 27 November 2007) established Sime Darby Plantation as one of the world’s largest palm oil producers. Today, Sime Darby Plantation produces approximately 2.4 million tonnes or 4% of the world’s annual crude palm oil (CPO) output of which about 2.2 million tonnes are Certified Sustainable Palm Oil (CSPO). 

14:00 - 15:30
Bus journey back to Shangri-La Hotel
To book:

This site visit is available to a maximum of 80 participants. Eligible delegates who are interested in attending should please email Ravina Patel Ravina.Patel@icgn.org for more information and to book a place for the site visit.