Miami Agenda

Tuesday, 15 October
*Please note this program is subject to change
13.30 - 14.15
Delegate Registration
13.30 - 14.15
Welcome Networking Refreshments
15.00 - 16.10
Plenary 1: US Corporate Governance – What International Investors Need to Know

This session will explore the main issues of US corporate governance that global investors should focus on for their engagement with US companies. To what extent do shareholder rights in the USA equip them to do this successfully? How will the rise of multiclass share structures impact governance mechanisms to enhance long-term value creation? Will ESG reporting take root in the US? The session will also review regulatory and public policy developments in the US affecting corporate governance.

16.10 - 16.40
Networking Refreshment Break
17.10 - 18.10
Plenary 2: Climate Change Risk: Priorities, Protection and Practices

Climate change has fast become a matter of corporate governance, with investors exerting pressure for greater corporate disclosure of climate change risks. How are investors engaging companies on climate change? What are the practical considerations Boards should be aware of when considering natural disasters and changing climate hazards such as water risk? How should climate issues be considered in the context of other substantial systemic risks, such as financial stability and income inequality?

18.10 - 18.30
ICGN Corporate Governance Lifetime Achievement Award
18.30 - 19.30
Welcome Reception Hosted by Symphony Financial Partners
19.30 - 21.30
Conference Dinner Hosted by Symphony Financial Partners
Wednesday, 16 October
08:00 - 09:00
Breakfast Session: Protecting the Portfolio: Ensuring Equity Awards Deliver Value Hosted by CGLytics

As equity awards continue to increase as a proportion of long-term incentive plans, shareholders need to ensure that the potential dilution caused by these incentives is offset by the increase in shareholder return. This session will discuss the current trends and how investors are improving their oversight and increasing scrutiny.

09.25 - 10.25
Plenary 3: Rise of Passive Investment: Consequences for Corporate Governance

With a growing proportion of assets owned by pension funds and sovereign wealth funds, being managed passively, our panellists discuss the role and effectiveness of passive investors as corporate stewards. What are the shareholder rights issues? How can passive asset owners and their managers meaningfully engage in corporate governance given economies of scale and resource limitations? What mechanisms exist for passive investors to help companies transition to a low carbon economy? What is the activist view?

10:25 - 10:55
Networking Refreshment Break
10:55 - 11:55
Plenary 4: Human Capital Management – Best Practices and Investor Insights

Human capital is a critical component of a company’s ability to generate sustainable value. It is important for investors to know what companies are doing to encourage diversity and inclusion and how they are handling workforce planning and talent oversight at the Board level. This session will share examples of good practices along with investor perspectives on the key identifiers they look for when assessing a company’s workforce capital management. The panel will also consider SEC guidelines for human capital disclosures that reflect each company’s particular circumstances and provide investors the information needed to make informed investment and voting decisions.

12:05 - 13:05
Hosted Sessions
Session A: The Plastics Problem and the Role of Institutional Investors Hosted by MSCI

Plastic is one of the most produced and most ubiquitous of manmade substances. According to UN Environment, more than 79 percent of all plastic products and packaging ends up in either landfills or the natural environment, including the open seas. Concerns over the rapid accumulation of plastic wastes has prompted a backlash from regulators and consumers around the world. During this session, we will examine the plastics supply chain from multiple perspectives to reveal the various environmental and financial costs involved, from packaging and consumer products to waste management. We will hear from a company offering services to mitigate the plastic problem as well as a leading institutional investor who is taking steps to reduce plastic waste with innovative solutions.

Session B: The Future of Finance Transformation: Implications of New Insights for Investors and Boards Hosted by Deloitte

As many industries navigate unprecedented disruption, the finance function is moving from hindsight to insight and delivering data-driven, actionable information to help companies make better decisions and create more value for investors. This session will incorporate those insights to explore how trends in technology and financial reporting are accelerating the potential to deliver real-time information. What additional information are investors seeking? What insights could be provided through use of this new technology that might help investors make better decisions?  How can the board provide oversight that balances value-creation for investors with an appropriate appetite for risk?

Session C: Shareholder Investor Protection Through Loss Recovery Litigation Hosted by DRRT

Shareholder activism is key in steering companies towards good corporate governance practices, but what should investors do once a corporate governance failure is exposed? This panel will discuss the importance of shareholder loss recovery actions as a tool, not only to recover from financial losses, but also to be a force for changes and improvements in corporate governance practices both in the company itself and in the market.

13:05 - 14:05
Networking Lunch
14:05 - 15:05
Plenary 5: Integrating ESG into Executive Compensation Plans

Can remuneration plans for senior executives help to promote sustainable value creation for their companies by including ESG metrics within their incentive targets? Is this happening? Should systemic issues including income inequality factor into executive compensation?  Is executive compensation under control in the main markets? If not, what else can be done?

15:15 - 16:15
Hosted Sessions
Session D: Redrawing the Lines Hosted by ISS

Investor concerns over issues like data privacy, climate change, bribery, human rights, labor practices and shareholder voting rights do not stop at national boundaries, but differences in legal regimes and local customs make assessment and engagement with companies more complex when thinking across borders. Engagement, individually and through the use of investor coalitions, can be an effective tool for bridging gaps in disclosure practices and encouraging adoption of best practices in the absence of legal requirements. This panel of investors and directors will discuss both the challenges and the promise of such self-help initiatives.

Session E: An Inside Look at the Boardroom Hosted by PwC

Join our panellists as we examine today’s boardroom from the inside out. Hear how directors are approaching issues including ESG, shareholder engagement, cybersecurity, corporate culture, and board diversity, and how that understand can and should inform investors’ interactions with boards.   

Session F: Forced Arbitration Clauses and the Harmful Repercussions for Institutional Investors Hosted by Pomerantz

With serious indications that corporations may win the argument to use forced arbitration clauses to curtail investors’ rights to bring securities class actions, we will discuss CalPERS’ and Colorado PERA’s historical fight against forcing shareholders to arbitrate securities claims and their current action to intervene in The Doris Behr 2012 Johnson & Johnson class action in order to protect shareholders’ right to sue.

16:15 - 16:40
Networking Refreshment Break
16.40 - 17.50
Plenary 6: Revitalising the Investment Imperative in Latin America

The session will touch on a range of key issues affecting governance and good stewardship practices in Latin America. A key issue is how corporate governance practices improve value of companies in the region to global investors, as well as enhancing the incentives for companies to list and trade on Latin American exchanges. The session will address the issue of corruption scandals and the ability of companies to enhance compliance schemes to reduce these risks.

17:50 - 18:00
Closing Remarks