Investors & Companies Convene at ICGN Milan to Asses EU Action Plan and ESMA Recommendations

ICGN Milan Conference 4-5 March 2013

ICGN convened talks today between global investors and companies amidst European Commission reforms to modernise corporate governance and encourage clearer communication between companies and shareholders. Chairmen, Board Directors and General Counsel from some of Italy’s largest companies will join the ICGN in Milan including Assicurazioni Generali, ENEL, ENI, Fiat, Pirelli, Prysmian, Telecom Italia and Unicredit.

Over 300 investors and corporate governance practitioners will join the ICGN meeting which is being hosted by the Borsa Italiana and supported by Assogestioni and Assonime.  Massimo Tononi, Chairman of Borsa Italiana, commented:  

We are proud to host this important event here in Milan, at a time of further significant progress in the development of Italy’s corporate governance architecture. At Borsa Italiana we strongly believe that Italy needs to continue to promote a best in class corporate governance framework to remain attractive to international investors.”

Michelle Edkins, Chairman of ICGN added:

We are delighted with the level of interest in the conference, particularly from the corporate sector, which we expect will facilitate a lively and productive debate.  Given the raft of policy reforms announced recently, it is timely to bring together leading practitioners in the field of governance internationally to reflect on their implementation.”

Discussions will focus on recommendations from the EC Action Plan and plenary debates will address the value of engagement; the impact of ESMA reforms on the proxy advisory industry; board independence, diversity and performance; and slate voting and minority shareholder rights. The Chairman of the International Accounting and Auditing Standards Board, Arnold Schilder, will also meet with investors to discuss its consultation on audit quality.

Over 30 speakers will address the audience from the European regulatory and business community including:

  • Ugo Bassi, Director, Capital and Companies, DG Internal Markets, EC
  • Gabrielle Galateri di Genola, Chairman, Assicurazionu Generali
  • Marcello Bianchi, Chairman of the OECD CG Committee and Head of CG, CONSOB
  • Marina Brogi, Chairman Remuneration and Nomination Committee, Impregilo
  • Paolo Andrea Colombo, Chairman, ENEL
  • Laurent Degabriel, Head of Investment and Reporting Division, ESMA
  • KT Rabin, Chief Executive Officer, Glass Lewis
  • Giuseppe Recchi, Chairman, Eni
  • Gary Retelny, Managing Director and President, ISS
  • Magda Bianco, Head of Law & Economics Division, Bank of Italy
  • Antonino Cusimano, General Counsel, Telecom Italia
  • Franco Bruni, Independent Director, Pirelli
  • Joyce Bigio, Independent board member, Fiat Chrysler

The conference will also honour Léo Goldschmidt of the European Corporate Governance Institute who will be receiving the ICGN’s Lifetime Achiever for his dedication to helping to improve corporate governance in Europe and beyond.

ENDS

EDITORS’ NOTES

For more information, contact Kerrie Waring, Acting Head of Secretariat:

 

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The ICGN is a global membership organisation of around 600 leaders in corporate governance based in 50 countries with a mission to raise standards of corporate governance worldwide.

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