ICGN Boston Conference Regional priorities for global governance reform and impact on US capital markets Wednesday 30 th September Westin Copley Hotel, Boston
Plenary 1: Global proxy season round-up and impact on US agenda. 1. What is the highest priority issue for investors in this year’s proxy season? 54% a. Board composition b. Sustainability factors, particularly climate change c. Executive compensation 20% d. None of the above 19% 7% Voting sponsored by: a. b. c. d.
Plenary 1: Global proxy season round-up and impact on US agenda. 2. Shareholders should be more transparent in disclosing how they vote and how they use proxy advisory firms. 78% a. Agree b. Disagree c. Agnostic 13% 9% Voting sponsored by: a. b. c.
Plenary 1: Global proxy season round-up and impact on US agenda. 3. Companies should permit shareholders who have owned 3% or more of the company’s stock for at least 3 years to nominate up to 25% of the company’s directors. a. Agree 40% b. Prefer CII position calling 32% for 2 year holding and less than a majority of directors 18% c. Disagree d. Agnostic 10% Voting sponsored by: a. b. c. d.
Plenary 2: Differential voting rights – pros, cons and unintended consequences. 1. What is the best way to address concerns associated with differential voting rights in investee companies? a. Engage with the Board 49% to seek protections b. Exclude the company 31% from stock indices c. Engage with regulators 19% to ban the practice d. No opinion 1% a. b. c. d. Voting sponsored by:
Plenary 2: Differential voting rights – pros, cons and unintended consequences. 2. Should differential voting rights be abolished or firms with them more tightly controlled? 48% a. Abolished entirely, the sooner the better! b. More tightly controlled (eg, through heightened disclosure and a 29% conflicts committee) 20% c. More tightly controlled (eg, by “ring fencing”: limiting them to certain companies only) d. Both “B” and “C” 3% e. No opinion 0% a. b. c. d. e. Voting sponsored by:
Plenary 2: Differential voting rights – pros, cons and unintended consequences. 3. Is it legitimate and sensible for governments to use differential voting rights to promote “long - term investing”? 77% a. Yes b. No c. No opinion 17% 6% Voting sponsored by: a. b. c.
Plenary 3: The case for governance best practice codes in a US context. 1. Which would you prefer as the best way to handle a market failure with corporate governance dimensions? 56% a. Fresh law at state or federal levels b. Private ordering 32% c. Voluntary agreement on remedial steps by market parties 12% Voting sponsored by: a. b. c.
Plenary 3: The case for governance best practice codes in a US context. 2. Which party do you think is today most influential in setting de facto standards of corporate governance best practices in the US? 40% 37% a. Corporations b. Investors c. Government bodies 18% d. Proxy advisors 5% a. b. c. d. Voting sponsored by:
Plenary 3: The case for governance best practice codes in a US context. 3. Do you agree that investor confidence in US securities markets would be strengthened by the adoption of a generally accepted corporate governance code of best practice? 69% a. Yes b. No c. Not sure 17% 14% Voting sponsored by: a. b. c.
Recommend
More recommend
