Institutional Investors approve new Global Governance Principles at ICGN Annual Meeting, hosted by Eumedion
Global investors responsible for assets under management in excess of US$18 trillion convene for the ICGN’s annual meeting in Amsterdam this month to approve a new set of governance principles. First initiated at the founding of the ICGN in 1995, the new Principles set out a global investor viewpoint on what constitutes good corporate governance policy and practice. Increasingly, this is not just a “nice to have” but is a factor in investment decision-making.
Erik Breen Manager SRI of Triodos Investment Management and incoming ICGN Chairman, commented:
“The revised ICGN Global Governance Principles, approved by our members today, emphasize the importance of a mutual responsibility between companies and investors in protecting and generating value over the long term. In today’s economy, as confidence in capital markets continues to recover, it is of growing importance for boards and shareholders alike to enter into meaningful dialogue to enhance understanding of core governance concepts such as transparency, accountability and responsibility. ICGN´s updated global governance principles are intended to contribute to the need to continuously improve on governance practices for the benefit of the primary users of capital markets and all stakeholders in economies.”
The ICGN annual meeting, being held between the 16-18 June, is the world’s leading convention for the global corporate governance community. Hosted by Eumedion, the meeting is expected to attract over 450 of the world’s most influential investors, including ICGN’s members representing assets under management in excess of US $18 trillion.
The conference programme features over 30 speakers including: Jeroen Dijsselbloem, Dutch Finance Minister of Finance and Eurogroup President, Anne Louise van Lynden, Head of Listing, Euronext, Jeroen Hooijer, Head of Corporate Governance, European Commission, Jean-Francois Cirelli, Vice-chair and President, GDF Suez, Stéphane Hallegatte, Senior Economist, World Bank, Steven Maijoor, Chair, European Securities and Markets Authority, Paul Druckman, CEO, International Integrated Reporting Council, Karin Dohm, Chief Accounting Officer, Deutsche Bank, Eloy Lindeijer Chief Investment Management, PGGM and John Sutherland, Senior Advisor, Bank of England.
The ICGN’s General Meeting precedes the annual conference and takes place at 2pm at the Beurs van Berlarge on 16 June in Amsterdam. Four new board members are nominated for appointment being: Anne-Marie Jourdan, Chief Legal Officer, Fonds de Reserve Pour Les Retraites (France), Aeisha Mastagni, Investment Officer, CalSTERS (USA), Anne Molyneux, Director, CS International (Switzerland) and David Couldridge, Senior Investment Analyst, Element Investment Managers (South Africa).
The International Corporate Governance Network (ICGN) is an investor-led organisation of governance professionals established in 1995. ICGN's mission is to inspire and promote effective standards of corporate governance to advance efficient markets world-wide. We achieve this through:
- Influencing policy by providing a reliable source of practical knowledge and experiences on corporate governance issues;
- Connecting peers and facilitating cross-border communication among a broad constituency of market participants at international conferences and events; and
- Informing dialogue amongst corporate governance professionals through the publication of policies and principles, exchange of knowledge and advancement of education world-wide.
Kerrie Waring, Managing Director, ICGN: