Toronto Agenda * Agenda is subject to change

ICGN Committee Meetings

8 June 2020
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8 June 2020
08:30 - 09:30
Board Governance Committee
Disclosure and Transparency Committee
09:30 – 09:50
Networking Refreshments
09:50 – 10:50
Shareholder Responsibilities Committee
Ethics and Systemic Risk Committee
10:55 – 11:55
ICGN Nomination Committee
Shareholder Rights Committee
12:05 – 13:20
Hosted Lunch Session
13:30 – 15:30
ICGN Annual General Meeting

* Anyone can attend our AGM but only ICGN members can vote.

15:30 – 15:55
Networking Refreshments
16:00 – 16:15
Official Conference Opening- Welcome from the Host
16:15 – 16:30
Welcome from ICGN
16:30 – 17:00
Opening Keynote Address
17:00 – 18:00
Plenary 1: Evolving Governance – Challenging Norms

Are governance norms changing? Directors have much more on their plate today than focusing on lawfully making returns for their shareholders. As the “purpose” debate unfolds, investors push for more long term and broader performance metrics like linking E&S metrics to compensation and interest grows in integrated reporting is the shareholder centric model of governance is changing to one that is more broadly stakeholder focused? How does this shift impact fiduciary duties? Has the preoccupation with independence gone too far given the expanding responsibilities of boards and the skills and information needed in the boardroom? Have we properly defined independence? Has the push for independence been at the expense of board quality? Do we need to look at governance differently? Is the current governance model appropriate for creating sustainable businesses, fulfilling director’s fiduciary duty, and making money?

18:00 – 19:30
Welcome Reception Hosted by Symphony Financial Partners
9 June 2020
08.00 – 09:00
Breakfast Session: Sustainable investing for growth Hosted by Nestle

Sustainable investing rightfully has taken centre stage. ESG considerations have become a critical factor in investment decisions. At the same time, companies remain challenged for growth. Growth is critical for their long-term success. It is easy to lose and hard to regain. But especially for consumer facing companies, there must not be a contradiction between sustainability and growth. The consumer who values their sustainable products will contribute to their growth. Doing good can mean doing well for such companies. This panel is meant to explore how doing business sustainably can lead to growth and long-term, sustainable value creation.

09:30 – 09:40
Opening Remarks from ICGN
09:40 –10:00
10:00 – 11:00
Plenary 2: Evolution of Canada

The governance agenda in Canada is driven predominantly by shareholders and is informed in part by corporate behaviour. When governance issues arise, shareholders will use their voting power to instil better discipline in the marketplace, reducing the need for regulatory intervention. While this has led to a more modest regulatory regime, standards remain high as Canadian institutional investors have large international exposure and apply international governance standards their governance efforts. This panel will discuss the evolution of governance in Canada, how shareholder influence has shaped Canadian governance practices, and why this uniquely Canadian governance approach works.

11:30 – 12:45
Hosted Sessions:
Session A: Hosted by MSCI
Session B: Hosted by Pomerantz
Session C: Hosted by Baillie Gifford
Session D: The future of work and the impact on governance and operations Hosted by Deloitte

Rapid advances in technology, shifting demographics and societal expectations are driving profound change in work, workforce and workplace -the Future of Work is here!  Organizations are asking:  How can we embrace technology to automate or augment jobs?   What skills will we need and where will we find them?  How will we reskill employees and whose responsibility is it?  What culture change is required?  This session will explore these questions and more on how organizations can pivot to accommodate the implications to the short and long term operations of the company and the role of the board in providing oversight and guidance to organizations transitioning to the Future of Work.

12:45 – 13:45
Networking Lunch
14:30 – 15:30
Plenary 3: Are boards and investors past their best-before date?

Boards are facing complexities previously unknown. Many board members, who have not experienced disruptive events such as climate change, geopolitical unrest, technological advances, and economic inequities are called on to respond to unpredictable change. Does the current system of board governance need a reset? Boards require new competencies in this evolving world - to more clearly foresee the opportunities that lie ahead, and investors must be equipped to assess boards competencies in issues they don’t understand. Is a new structure required or does the concept of a "board" still make sense in a world where real-time decision making is a necessity?

This session will discuss these questions to challenge the traditional model of governance and explore an unknowable path towards meeting the business needs for today and the future.

 

15:30 – 16:00
Networking Refreshments
16:00 – 17:00
Plenary 4: The challenges of data protection in a digitally connected world

Cyber security and data privacy are real and growing issues and risks to companies and their investors.  As part of their risk oversight responsibilities, boards must work with management to understand, prepare for, protect from, and respond to breaches and leaks.  They must also ensure the security and privacy of the data they collect.  While data may be valuable in generating  profits, its mismanagment can be a liability in terms of reputation.  Investors want to know how boards are addressing cyber security and data privacy with management and look for boards to communicate their strategy and approach. This panel will discuss the challenges facing boards in exercising effective oversight of data protection in today’s connected world.

17:00 – 17:30
ICGN Corporate Governance Awards Announcement of the winners
18:00 – 21:00
Conference Dinner
10 June 2020
08:00 – 09:00
Breakfast Session: Assurance in tomorrow’s economy – A new model for corporate reporting Hosted by KPMG

Discussions are underway around the world on how audit and assurance might evolve to meet the changing needs of business. Investors and society at large are looking for a new model for corporate audit, one that expands beyond the current financial statement to include non-financial information, including ESG, cyber security and even culture. In the UK, Sir Donald Brydon recently released a comprehensive report on the future of corporate audit, with a number of recommendations that also align to a 2018 KPMG survey with institutional investors.  The panel will discuss these developments and findings and share views on which aspects of non-financial information and assurance thereon might bring the most value to investors.

08:00 – 16:00
Delegate Registration
09:15 – 09:45
Carbon Neutral Vote
10:15 – 11:15
Plenary 5: Understanding the <Canadian> Energy Landscape - A Multi-Stakeholder Conversation on the Challenges and Opportunities for Investors in the Energy Sector

The oil and gas sector is at the centre of a contentious and complex debate between economics and the environment with national and international implications. Investors are addressing climate change risk in their portfolios, slowing the flow of capital to this sector and bringing the issue of a just transition for workers to the forefront. Companies are increasingly expected to manage multi-stakeholder relationships, including indigenous groups, NGOs, and their own labour force. The industry has not always been viewed as progressive, but some are addressing these challenges by adopting technology and innovation and planning for a sustainable future. This session will consider the immediate, short-, and long-term challenges and opportunities for the energy landscape from a multi-stakeholder perspective.

11:15 – 11:45
Networking Refreshments
11:45 – 13:00
Hosted Sessions
Session E: Climate Governance and TCFD reporting Hosted by Jarislowsky Fraser
Session F: Stewardship Hosted by Manulife Asset Management
Session G: Hosted by ISS
Session H: Hosted by Davies
13:00 – 14:00
Networking Lunch
14:00 – 15:00
Plenary 6: Governance in sport

Public company issues dominate most governance discussions, but good governance is an issue for organizations outside the public markets. Sports organizations are too often in the spotlight for governance failures, including corruption, harassment, and doping scandals. The International Association of Athletics Federations has spent the last several years overhauling its governance. The IOC has maintained a ban on the Association of International Boxing Associations, citing concerns over the transparency of its governance. In Canada, the Canadian Olympic Committee faced allegations of sexual and personal harassment resulting in the resignation of its CEO. What are the governance touchstones in the sports world? The Code for Sports Governance is the U.K. is one example of a framework that could address the concerns of governments and other funders. This panel will discuss governance issues in amateur and professional sport, the need to address governance deficiencies, and the influencers that could make that happen.

15:00 – 15:30
Networking Refreshments
15:30 – 16:30
Plenary 7: Sustainable Finance

The transition to a low carbon economy is estimated to hold tens of trillions of dollars in investment opportunities globally. Funding this amount of investment requires a commitment from a number of stakeholders, including governments, investors, financial services, and business leaders. Around the world, initiatives such as expert panels, roundtables, forums, and seminars have been convened to discuss sustainable finance and to generate ideas on how to get all stakeholders involved in the investment in the transition to a low carbon economy. This session will explore the challenges and urgency around sustainable finance, share experiences across markets, and discuss some practical steps stakeholders can take.

16.30-17.30
Thinking Bigly: A Guide to Saving the World

A theatre performance-lecture about sustainability and how you, finance and policy can be part of the solution. What reasons do we have to be hopeful in the current crisis moment? Bigly is an anti-TED talk. Think you know the colour pink, koalas and interest rates? Find out why second order thinking plus cultural changes should give you courage on climate. The world is better than in the past; the world is still awful. We can do better. Shape our story through interactive games. Learn about solutions to the world’s climate and sustainability challenges.

17:30-17.45
ICGN Annual Conference Handover Ceremony