WebEx
Acting as stewards of the investments of millions of citizens worldwide, institutional investors increasingly take environmental, social and governance (ESG) issues into account when making investments in portfolio firms. Nevertheless, the ultimate success of these investment strategies will depend on the alignment of incentives of corporate managers with the long-term strategies that are necessary to ensure that the delivery of financial performance goes hand in hand with a positive contribution to society. And this will require profound changes to executive compensation. Since the 1990s, there has been much debate about executive compensation practices. Are compensation contracts designed to motivate managers by offering payment for long-term performance or are they the flawed result of malpractice that allows powerful managers to set high rewards for themselves even when other stakeholders are getting reduced shares of the value generated by the firm? This debate is now more important than ever considering the difficulties inherent in designing compensation based on measures of progress in ESG issues.
The SUERF and CNMV Conference on “Corporate governance, executive compensation and ESG goals” will contribute to this debate by bringing together an international group of academic researchers, regulators and institutional investors to bear on these issues.
Integrating ESG risks into the prudential regulation for banks
José Manuel Campa, Chairperson of the European Banking Authority (EBA)Investment stewardship update
Amra Balic, Managing Director, Head of BlackRock’s EMEA Investment Stewardship team presentationWhen Employees have their Say on Capital Structure: Evidence from a quasi-natural experiment
María Gutiérrez, Professor, Universidad Carlos III, Madrid presentationExecutive compensation challenges for boards - diversity and incentives
Patricia Jackson, Non-Executive Chairman SMBC Nikko Capital Markets; Independent Non-Executive Director, BISL Limited presentationPeer v Pure benchmarks in the compensation of mutual fund managers
Juan Pedro Gómez, Professor, IE Business School presentationOverview of recent developments in corporate governance and executive compensation: ESG challenges
Claudia Custodio, Professor, Imperial College London presentationHow can universal owners influence corporate governance: Expectation documents
Vicente Bermejo, Professor, ESADE Business School presentationBoard engagement in companies’ transformation toward sustainability. Evidence from Italy
Carmine Di Noia, Commissioner at CONSOB; Professor, LUISS Business School presentationCEO Compensation: Evidence from the field
Dirk Jenter, Professor, London School of Economics presentationSustainable Development Goals and corporate governance: Evidence from the Spanish market
Irma Martínez, Professor, Universidad de Oviedo presentation
