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Conference Programme Themes

The programme is subject to change. Watch this space for speaker details.
The conference takes place at the Du Pont Hotel, Wilmington, Delaware.
(See Accommodation for further information)

This conference will examine global corporate governance in the context of the current financial crisis and will ask: was corporate governance part of the problem? If so, how can it be part of the solution? We will consider how governance reform can help restore trust in companies and the financial system.

The following members of the Delaware Courts will be in attendance: Chief Justice Myron T Steele, Justice Carolyn Berger, Justice Henry du Pont Ridgely, Justice Jack B Jacobs, Chancellor William B Chandler III, Vice Chancellor Stephen P Lamb, Vice Chancellor Leo E Strine, Jr, Vice Chancellor Donald F Parsons, Jr.


Tuesday 9th December, 2008

Nell Minow


Jack Markell


Thomas Carper

Reception and Dinner

17:30 - 18:45 Reception hosted by the Delaware Judiciary
The Wilmington Club

Presentation of the 2008 ICGN Award for Excellence in Corporate Governance to Nell Minow, Editor, The Corporate Library, USA
19:00 - 22:00 Dinner
Du Barry room, Du Pont Hotel
19:00 - 19:30 Welcome words

The Honorable Harriet Smith Windsor, Secretary of State, Delaware, USA

Jack Markell, Governor Elect, State of Delaware

Thomas Carper, United States Senator, Delaware
Member of the Senate banking committee

Wednesday 10th December, 2008

Peggy Foran


Peter Butler


Peter Montagnon






Myron Steele
7:30 – 8:00 ICGN Member Meeting : Director Shareholder communication
Du Barry room, Du Pont Hotel

Peggy Foran, Executive Vice President, General Counsel and Corporate Secretary of Sara Lee Corporation, USA

Peter Butler, Founder Partner & CEO, Governance for Owners, UK
8:00 – 8:30 Continental Breakfast Foyer, Du Pont Hotel
8:45 – 8:55 Conference Introduction

Peter Montagnon, Chairman, ICGN, UK
8:55 – 10:10 View from the Delaware Bench
Gold Ballroom, Du Pont Hotel

This session will be interactive. Delegates can submit questions they always wanted to know the answers of but were afraid to ask. This is an opportunity to have a Delaware judge respond to questions regarding corporate governance, corporate law and director's liability.

Opening remarks
The Honorable Chief Justice Myron T. Steele, Delaware Supreme Court, USA

Panel Discussion with Delaware judiciary

Moderator
Myron T. Steele

10:10 – 10:30

Keynote debate : What to expect next? 
Bill Donaldson, Former SEC Chairman, Former Chairman and CEO, New York Stock Exchange and Former President and CE, Aetna, USA

Mark Anson
Mark Anson

Neri Bukspan
Neri Bukspan

Jean-Pierre Hellebuyck
Jean-Pierre Hellebuyck


Yuji Kage
Leslie Rahl
Leslie Rahl
John Plender
John Plender
Ira Millstein
Ira Millstein
10:30 - 10:50 Refreshments Break
10:50 – 12:00 What Lies Ahead: rebuilding trust
Gold Ballroom, Du Pont Hotel

With the elections behind us and international bailout programs in motion, what is the future role of global corporate governance in restoring stability and confidence in the financial system? What are the responsibilities of long-term investors and the financial market regulators, gatekeepers and agents who serve the investing public?

A conversation between:
Mark Anson, President & Executive Director Investment Services Nuveen Investments, Inc. USA

Leslie Rahl, President, Capital Market Risk Advisors, USA
President, Capital Market Risk Advisors

A response:
Neri Bukspan, MD, Standard and Poors and Global Chief Accountant, USA

Jean-Pierre Hellebuyck, Vice Chairman, Axa Investment Managers, France

Yuji Kage, Managing Director, Pension Fund Association, Japan

Moderator
John Plender, Senior Editorial Writer & Columnist, the Financial Times, UK

12:00 – 12:45 Lunch
12:45 – 13:15

What Do We Need Now: The visible hand of regulation? Or the invisible hand of the markets?

Ira Millstein, Senior Associate Dean for Corporate Governance, Yale School of Management, USA

Richard Breeden, Former Chairman, Securities and Exchange Commission, USA

13:15 – 14:30 Breakout Sessions: what is to be done about......

Delegates can choose from one of the following sessions that will examine regulatory and market-based initiatives to restore confidence in the wake of the financial crisis. Delegates will have table discussions following input from commentators and they will be asked to come up with their proposals.

Richard Breeden
Richard Breeden

Dennis Johnson
Dennis Johnson

Anita Skipper
Anita Skipper

Ed Rock
Ed Rock

Ann Byrne
Ann Byrne
Ken Daly
Ken Daly
Charles Elson
Charles Elson
Richard Ferlauto
Richard Ferlauto

(A) Regulatory reform, King room, Du Pont Hotel
What is the role of the national and cross border regulation in the reform effort? Advisory votes on compensation, access to the proxy, empty voting, discretionary broker votes, hedge fund transparency are critical governance issues facing regulators and the courts. How will US practice evolve? What does international experience suggest?
  Commentators
Dennis Johnson, Managing Director, Shamrock Value Activist Fund, L.P.
  Anita Skipper, Corporate Governance, Director, Aviva Investors, UK
  Moderator
Ed Rock, University of Pennsylvania Law School, USA

(B) Governance best practices, Sullivan room, Du Pont Hotel
Where does corporate governance best practice fit in with the reform agenda? The financial crisis strengthens the case for: separation of CEO and board chairman, direct communication between boards and shareholders, increased board accountability for risk management, corporate strategy and performance. Can governance best practices address these issues? What are the lessons from international experience?
  Commentator
Ann Byrne, Chief Executive Officer, Australian Council of Super Investors
  Ken Daly, President and CEO, NACD, USA
  Moderator
Charles Elson, University of Delaware, USA

(C) Shareholder litigation, King Sejong room, Du Pont Hotel
In the wake of the financial crisis, what role will litigation play globally in: establishing legal and financial accountability for systemic failures, confirming and strengthening shareholder rights, creating and enforcing more effective governance standards?
  Commentators
Richard Ferlauto, Director of Corporate Governance and Pension Investment , American Federation of State, County and Municipal Employees, USA
Bess Joffe, Associate director, Hermes Equity Ownership Services, UK
Moderator
Lawrence A Hamermesh, Ruby R. Vale Professor of Corporate and Business Law at Widener's Institute of Delaware Corporate Law, USA

14:30 – 15:00 Refreshments Break
Lawrence A Hamermesh
Lawrence A Hamermesh



Anne Simpson
Anne Simpson
15:00 – 15:30 Breakout Sessions: Report back and recommendations for corporate governance reform
Gold Ballroom, Du Pont Hotel

Breakout sessions will report back on key issues and recommendations.
Delegates will have an opportunity to vote through interactive voting devices.

Regulatory reform

Panel
Commentator: Ann Byrne, Chief Executive Officer, Australian Council of Super Investors
Commentator: Anita Skipper, Corporate Governance, Director, Aviva Investors, UK
Commentator: Richard Ferlauto, Director of Corporate Governance and Pension Investment , American Federation of State, County and Municipal Employees , USA
Commentator: Dennis Johnson, Managing Director, Shamrock Value Activist Fund, L.P.

Moderator
Anne Simpson, Executive Director, ICGN

15:30 – 17:00 Long Term Sustainability - How do we get there?
Gold Ballroom, Du Pont Hotel

Governance, environmental and social issues are integral to business strategy and long term value creation. In light of the financial crisis, what is the role of governance, sustainability and social responsibility in risk management and the development of strategic opportunities for companies? Can governance enhance market-based solutions to the financial crisis? What is the role of asset managers, corporations and investors?

A conversation between:
David Blood, Co-founder, Generation Asset Management, USA

Frank Curtiss, Head of Corporate Governance, Railpen Investments, UK

Response
Chris Ailman, Chief Investment Officer, CalSTRS, USA

John Wilcox, Chairman, Sodali Ltd
Senior Advisor, TIAA-CREF

Moderator
Ann Yerger, Council of Institutional Investors, USA

David Blood


Chris Ailman


John Wilcox

Ann Yerger
Ann Yerger
17:00 – 17:15 Closing Remarks
Peter Montagnon, Chairman, ICGN, UK
Post conference meeting for ICGN members only

Wednesday 10th December, 2008
17:30 – 19:00 ICGN and AccountAbility Working group
Knowles Room, Du Pont Hotel

Chaired by David Blood and Frank Curtiss