General Session - Good Corporate Governance: Is it Just Common Sense?
Wednesday, June 7, 2017 | 9:30AM
- 10:30AM | Room: Coquina Ballroom
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General Session
| Glenn Booraem | Molly Carpenter | Brian Schorr | Mark Harnett |
In an open letter in July 2016, a group of 13 CEOs and heads of major institutional investment firms outlined “commonsense” corporate governance principles. Their letter focused on board composition, internal governance, and responsibilities; shareholder rights; public reporting and guidance; management compensation and succession planning; and asset managers’ role in governance. This general session is a unique opportunity for IR professionals to hear from executives from institutions that signed the letter.
Many corporations have been examining their own governance in relation to the Commonsense Principles. The Commonsense Principles can be used as a baseline. While it’s not one size does not fit all, the principles bring up many key issues that companies need to take into account as they consider how their own governance practices best serve their key constituencies. Other key groups that have added momentum to the national conversation about good corporate governance include the Business Roundtable and the Investor Stewardship Group (ISG), which issued its own governance principles on February 7, 2017. The ISG principles took an additional step, asking stewards of capital outside the group to sign on. This panel is also part of continuing the conversation.