Session VI

Stewardship and engagement
Location:
Examination Schools - South School
Session Time:
11:00-12:30
Speakers:

Professor Rob Bauer

Maastricht University
Professor of Finance, Institutional Investors Chair

Sandra Boss

BlackRock
Senior Managing Director, Global Head of Investment Stewardship

Professor Robert Eccles

Saïd Business School, University of Oxford
Visiting Professor of Management Practice

Carine Smith Ihenacho

Norges Bank
Chief Governance and Compliance Officer

Anne Simpson

Franklin Templeton
Global Head of Sustainability

Session Detail:

Stewardship and engagement enjoy a surging popularity in the sustainable investing field. In the UK, the recent release of the UK Stewardship Code has only accelerated this trend. Stewardship is meant to promote longer-term value for investors, promote high standards of corporate governance at the individual company level, and create sustainable benefits for the economy, environment, and society. Engagement and voting are tools of stewardship and investors increasingly use them to communicate their priorities and standpoints to companies. Engagements are also done collaboratively to pool resources in addressing system-level issues, such as climate change. Yet, what really is the value and purpose of interactions such as engagements, and how can this value be captured? This session will review the current developments and best practices in stewardship and assess how these differ in different asset classes. What can investors and companies do to make the best of engagements? And how should engagement be reported on? Since engagements are often culturally contingent, we also discuss whether and how stewardship is appropriate in Asian, African and or South American markets.