Press releases and news articles from around the world featuring ICGN’s work, Board and Members or references.

Letters of response, consultations and ICGN Committee products.

ICGN Output including guidance, updates and codes of practice.

ICGN Press Contact

The ICGN is regularly featured in international print and trade media providing comment on topical issues relating to corporate governance. To arrange an interview with any of our spokespeople, or to be added to our press release list, please contact Elle Thomas via elizabeth.thomas@icgn.org

Recent News

Securities Commission urges businesses to value creation, not short-term gains

Ooi Tee Ting from The New Straits Times writes the Securities Commission (SC) will introduce the Institute of Corporate Directors Malaysia later this year — a key benchmark in an effort to strengthen board effectiveness in public-listed companies.

SC chairman Tan Sri Ranjit Ajit Singh, in his keynote address on the second day of International Corporate Governance Network (IGCN) Annual Conference 2017 here today, urged businesses to prioritise value creation over short-term gains.

AEC may not achieve economic integration by 2025

Kuala Lumpur: CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak has expressed doubt over the Asean Economic Community’s (AEC) ability to achieve its targeted regional economic integration by 2025.

This is because the “so-called Asean way of doing things” is hindering the progress of achieving it, he told the audience at the three-day International Corporate Governance Network (ICGN) annual conference yesterday.

Institutional investors can exercise rights in addressing governance issues

“The changes include board independence, board diversity and its experience,” Wan Kamaruzaman told a press conference in conjunction with the International Corporate Governance Network (ICGN) Annual Conference 2017.

He said since the ICGN had made some revisions in the ICGN Global Governance Principles this year, it was vital for Malaysia to align itself and keep up with the global standards. “Notably, as institutional investors, we have observed that some listed firms do not have enough independent directors and some have been on the board for too long,” he noted.

Responding to Calls for Alignment in Corporate Reporting

The Corporate Reporting Dialogue (CRD), introduced by the International Integrated Reporting Council (IIRC), brings together organizations that have significant international influence on the corporate reporting landscape. By working together towards a common goal, participants aim to respond to market calls for better alignment and reduced burden in corporate reporting.

The CRD was officially launched at the ICGN (International Corporate Governance Network) Annual Conference in Amsterdam on 17 June 2014.

Companies and Investors Convene in Kuala Lumpur for International Corporate Governance Network (ICGN) Annual Conference 2017

Kuala Lumpur, 11 July 2017: In recognition of the growing importance of corporate governance in attracting investments and investors, delegates from across the globe gathered for ICGN’s Annual Conference 2017, organised by ICGN, and hosted by Kumpulan Wang Persaraan (Diperbadankan) [KWAP] in premier partnership with the Minority Shareholder Watchdog Group (MSWG). 

Asset management roundup: Netherlands pressured on foreign takeover policy

Asset managers and pension funds have written to Dutch politicians voicing concerns over proposals to change rules for company takeovers.

The International Corporate Governance Network (ICGN) penned the letter to Henk Kamp, minister of economic affairs, and Dennis Nava, secretary of the committee of economic affairs in the Netherlands’ lower house of parliament. It was co-signed by asset management trade bodies from France, Italy, and the UK, as well as major asset managers and pension funds.

Buitenlandse investeerders uiten zorgen over beschermingsconstructies

Professionele investeerders in het buitenland maken zich zorgen over de plannen om grote Nederlandse bedrijven te beschermen met speciale constructies. 

Het Financieele Dagblad meldt donderdag dat het International Corporate Governance Network (ICGN), een vereniging van institutionele beleggers, een brief heeft gestuurd hierover naar het ministerie van Economische Zaken.

This article is also available in English. 

ICGN emphasizes the need for healthy skepticism over the use of share buy-backs and ponders governance implications

The International Corporate Governance Network (ICGN), a global membership body with investors responsible for assets under management in excess of US $26 trillion, issued a statement of healthy scepticism today on the challenges with share buy-backs.  The Viewpoint report called ‘Share buy-backs and their governance implications’, examines the arguments in favour or against the use of share buy-backs as an instrument for managing capital.

Governance in the Changing U.S. Political Landscape

Consistent with their stewardship obligations, institutional investors around the world regularly monitor and assess changing political dynamics, geopolitical tensions, economic stability and systemic risks. This broad purview of political assessment includes the outcomes of key elections in 2016 that triggered a new policy trajectory in important global markets where global institutional investors have considerable holdings and exposure.

Stockholder Engagement: Cooperation, Confrontation or Tacit Standoff?

Companies, and in particular boards, can no longer rely on ad hoc interaction with proxy advisory firms to “check the box” on stockholder engagement on governance issues. This SVDX/Rock Center panel addressed the evolving landscape of stockholder communications in light of increased profiles of institutional governance departments. What are best practices for board and company engagement with stockholders?

ダイバーシティ2.0検討会報告書

0 ダイバーシティ 2.0 検討会報告書 ~競争戦略としてのダイバーシティの実践に向けて~ 平成 29 年 3 月 競争戦略としてのダイバーシティ経営 (ダイバーシティ 2.0)の在り方に関する検討会 1 目次...

取締役会を中心にダイバーシティ経営を推 進する動きが見られる。グローバル機関投資家が集まる ICGN(International Corporate Governance Network)では、取締役会のダイバーシティ(Board Diversity)や、社内・ 現場の多様性…

 

Eni questions: A corruption probe raises uncertainty over the future of Eni’s boss

This article from the Economist explores Eni, Italy’s oil major and it's CEO Claudio Descalzi  who is caught up in an Italian probe into alleged corruption in a deal Eni struck in partnership with Royal Dutch Shell in Nigeria, just as he is seeking reappointment as CEO in April. The company’s response to the scandal, especially its treatment of independent board members, raises questions about its commitment to good corporate governance.

The complete bearish case against investing in Snapchat's massive IPO

Garrett Baldwin for Modern Trader/Business Insider writes about the Snapchat IPO. Kerrie Waring, executive director of the International Corporate Governance Network (ICGN), argues that the IPO is a horrible standard moving forward: the decision to issue non-voting shares entrenches management and reduces their accountability levels to minority shareholders. 
It turns out that these minority shareholders will likely include some of the most influential global investors. 

Analysis: Investors concerned over repeal of Dodd-Frank extractives disclosure rule

Why the repeal of ‘1504’ section of act will harm investors

by Carlos Tornero. George Dallas, Policy Director at the International Corporate Governance Network (ICGN) told RI that from the perspective of a body representing investors managing over $26 trillions in assets, this is “problematic”.

“They say transparency is the best disinfectant. It would be very concerning if this would be withdrawn – who knows what it may excuse in terms behaviors that potentially can go undetected.”

Some stakeholders seem more equal than others

It is not often that august bodies representing company directors, workers, international investors and company secretaries agree on anything. Rarer still when they reach agreement on a topic as contentious as corporate governance.

So the letter [see the comment letter below] that the Institute of Directors, the Trades Union Congress, the International Corporate Governance Network and the Institute for Company Secretaries jointly wrote and delivered last week to Theresa May, the UK prime minister, is worth noting writes ICGN Member David Pitt-Watson in FTfm.

May told to toughen line on executive excess

The prime minister should take a tougher line on corporate governance reforms, such as “the problem” of executive pay, a powerful quartet of business voices has urged. Organisations representing company directors, company secretaries, investors and trade unions have come together to outline their arguments in a letter, sent to Theresa May on Tuesday, that urges the government to go beyond incremental reforms suggested late last year.

Good stewards?

This article by Raji Menon in ESG Magazine considers the issue of the  number of new stewardship codes around the world indicating significant take-up, but there are questions on application.

“I see stewardship as the yin to the yang of the corporate governance code,” says Kerrie Waring, executive director at ICGN. “If a company doesn’t meet the comply or explain criteria in the corporate governance code, the onus is on the investor to see where the company deviated from compliance.”

RBS Investors Demand Governance Changes & Shareholder Committee To Raise Transparency

Over 150 investors in Royal Bank of Scotland (RBS), supported and coordinated by ShareSoc, the UK's largest retail shareholder organisation, and the UK Shareholders’ Association (UKSA), have requisitioned a special resolution to establish a new shareholder committee at the bank to raise corporate governance standards and chase down “poor stewardship”. The objective is to avoid a repeat of the bank’s near-collapse in 2008. Reported in forbes by Finacial Journalist Roger Aitken.

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