Evaluating the European Commission’s Proposed Corporate Governance Reforms
Are Further Reforms Needed?
22 June, 2011 | (01 hr)
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The European Commission recently released its long-awaited “Green Paper” which challenges the basic fabric of the “Comply or Explain” European model of corporate governance. By 22 July, 2010, senior executives, investors and interested parties are invited to respond to the EC as it considers sweeping recommendations affecting how boards of directors will function, how companies and investors will engage with each other and whether fundamental corporate governance codes will henceforth be converted into EU regulations meant to standardize national corporate governance monitoring.
Become fully briefed on this critical initiative which will affect every aspect of current corporate governance practices.
This webcast will cover the pros and cons of the critical issues raised in the EC Green Paper:
- Can boards of directors improve their effectiveness by: clarifying the role of the Chairman versus the CEO; availing themselves of a more diverse pool of directors who devote sufficient time and attention to their service; more meaningfully conducting board evaluations; ensuring links between remuneration and company performance; and better defining the board’s “risk appetite” and its risk oversight implementation?
- Are there ways to improve shareholder engagement by addressing: EU rules which limit shareholders from acting in concert; potential conflicts of interest by influential proxy advisors; transparency in proxy voting by asset managers; potentially inappropriate remuneration incentives for asset managers; insufficiencies in cross-border voting practices; and methods to address short-termism in the capital markets?
- Can minority shareholders be protected from potential abuse especially in companies -- most prevalent throughout Europe -- where there are controlling shareholders?
- Should proposed sweeping changes in corporate governance extend not only to listed companies but also to unlisted companies and should they be differentiated by type and size of company?
Audience: Executive Directors, CEOs, Chief Legal Counsel, Corporate Secretaries, Corporate Governance Officers, Secretaries to Board of Directors, Risk Officers, Human Relations Executives, Investor Relations Executives, Institutional Investors.
John C. Wilcox
John C. Wilcox is chairman of Sodali Ltd, a global consultancy providing companies and boards with services relating to corporate governance, shareholder relations, corporate actions and the capital markets. From 2005 to 2008 he served as senior v... Full Bio
Guy has a career spanning merchant banking, corporate finance, venture capital and fund management in London, New York and his hometown of Edinburgh. Before taking up his present role, Guy was Head of Standard Life Investments’ Smaller Compa... Full Bio
Dr. Carolyn Kay Brancato
Dr. Carolyn Kay Brancato has more than 30 years experience in various aspects of corporate finance, regulatory economics and corporate governance. In 1993 she founded The Conference Board’s Global Corporate Governance Research Center and in ... Full Bio