San Francisco, California
London, United Kingdom
– improving the quality of investor stewardship one year on
Monday 22 April 2013
Venue: BlackRock, 12 Throgmorton Ave, London EC2N 2DL
Time: registration is from 4.30pm for a 5.00pm start
Chair: Amra Balic, EMEA Head of Corporate Governance and Responsible Investment, BlackRock
Panel and Q&A with
Seamus Gillen, Director of Policy, ICSA
Jeremy Grant, Executive Director, Centre for Corporate Governance, London Business School
Will Pomroy, Policy Lead: Corporate Governance, NAPF
Frank Curtiss, Head of Corporate Governance, Railpen Investments
How can a better engagement between companies and investors improve their stewardship relationship? Are institutional investors doing what they say in their Stewardship Code Statement?
A year ago the 2020 Stewardship Working Party, a group of asset owners and asset managers, supported by Tomorrow's Company launched its report - ‘2020 Stewardship improving the quality of investor stewardship’
The 2020 Stewardship Working Party will be reporting on progress during the year since we first published our four recommendations. The meeting will be chaired by Amra Balic, a member of the 2020 Stewardship Working Party.
Seamus Gillen and members of the 2020 Stewardship working party will present the new engagement guidance (Recommendation One and Two) which the 2020 Stewardship Working Party commissioned from the ICSA and which was published on 14 March this year.
Will Pomroy from the NAPF will be participating and reporting on the NAPF response to Recommendation Three.
Jeremy Grant, the author of a London Business School study into investor engagement around the world will be highlighting the differences in approach between the UK and US.
Frank Curtiss, who is also part of the 2020 Stewardship Working Party, will be speaking on why this initiative matters for asset owners.
If you have any questions please call Sonia Singh or Jasmin Tutt on 0207 839 4040.
For more information on the recommendations see below.
Recommendations One and Two
A good practice guide produced jointly by companies and investors - Building on a series of discussions with company chairmen and others, and responding to their concerns, the working party suggested the setting out of a series of good practice steps. This would enable investors and companies to make better use of each other’s time, in particular to encourage more productive meetings. They also said that institutional investors need to find better ways to seek feedback on the quality of meetings and over time use this to identify and ways to improve their stewardship.
In response to these two recommendations the Working Party and the ICSA set up a Steering Group representing companies, and institutional investors with the FRC and the UK Department of Business, Innovation and Skills as observers. This group has now published its guidance (see here). Seamus Gillen from ICSA will be describing the recommendations.
Recommendations Three and Four
Through collaboration with associated bodies, and NAPF in particular, the Working Party intends to take recommendation 3 (a Stewardship Framework to enable asset owners to make better informed decisions) and 4 (on the need to build a critical mass of stewardship investors) forward over the coming year. Will Pomroy from the NAPF will be reporting on the NAPF response.
The following members of the 2020 Stewardship Working Party will be present and participating:
Anita Skipper, Aviva Investors
Amra Balic, BlackRock
Peter Butler, Governance for Owners
Frank Curtiss, RPMI Railpen Investments
Daniel Summerfield, USS Investment Management Ltd
Mark Goyder, Tomorrow's Company
When & Where
If you have any questions please do not hesitate to contact our Delivery and Events Executive, Yolanda Villafuerte Abrego at
If you have any questions regarding individual memberships and donations please get in touch with our Corporate Relations Manager, Alex Maitland at