Tag Archives | Paul Lee

Report from CII Winter Meeting: ESG

CIIEven in Washington, the numbers are impressive. The Council of Institutional Investors, who met in Washington DC this week, represents 23 trillion (with a t) dollars, mostly made up of retirement and other savings of working families. Compare that to the entire budget of the US government, less than two trillion a year. Like most industry group meetings in Washington, this one had presentations on what to expect from Congress and the regulatory agencies and how millennials will change the way the members do business, plus snack breaks and wireless sponsored by firms trying to sell products and services to the attendees. But the a two and a half day session featured repeated agenda topics on climate change and what are called ESG issues, suggesting that pension funds may step in where governments have failed. Continue Reading →

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ICGN Boston 2015, Part 2: Global Proxy Season 2015

ICGNThis the second part of my coverage of this year’s ICGN event in Boston. I’m not a very fast note taker, these posts haven’t been checked for accuracy and I haven’t taken the time to edit the prose to make complete well-flowing sentences. Still, I hope you find them of some value. This one is primarily about Proxy Season 2015 but very much from a world-wide perspective.

Erik Breen

Erik Breen

As the conference officially opened, Erik Breen and Kerrie Waring thanked program sponsors and corporate partners. They reminded attendees that ICGN protects minority shareholder rights and makes successful stewardship a reality but also that shareholder rights come with responsibilities.

Culture and ethics shape our opinion and reality. ICGN will promote robust reporting and ethics – transparency. There was also something of a shout out to Robert A. G. Monks, Sir Adrian Cadbury and Ira Millstein, along with a note that a Global Stewardship Code is being launched.
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