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.
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| Tuesday 9th December, 2008 |
Nell Minow
Jack Markell
Thomas Carper |
Reception and Dinner
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| 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
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| 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
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| 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
Neri Bukspan
Jean-Pierre Hellebuyck
Yuji Kage
Leslie Rahl
John Plender
Ira Millstein
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| 10:30 - 10:50 |
Refreshments Break |
| 10:50 – 12:00 |
What Lies Ahead: rebuilding trust
Gold Ballroom, Du Pont Hotel |
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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
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| 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
Dennis Johnson
Anita Skipper
Ed Rock |
Ann Byrne
Ken Daly
Charles Elson
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Richard Ferlauto
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(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?
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Commentators
Dennis Johnson, Managing Director, Shamrock Value Activist Fund, L.P. |
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Anita Skipper, Corporate Governance, Director, Aviva Investors, UK
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Moderator
Ed Rock, University of Pennsylvania Law School, USA
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(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?
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Commentator
Ann Byrne, Chief Executive Officer, Australian Council of Super Investors |
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Ken Daly, President and CEO, NACD, USA |
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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?
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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 |
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| 14:30 – 15:00 |
Refreshments Break |
Lawrence A Hamermesh
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
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| 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 |
| 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 |
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