Following the implementation of IFRS S1 and S2, the International Sustainability Standards Board (ISSB) is currently starting a new round of standard-setting, developing standards for Human capital management (including workforce and workers in the supply chain) and Biodiversity, ecosystems and ecosystem services (BEES). Exclusively for ICGN Members, Katie Schmitz Eulitt, INSEAD MBA, GCB.D, Director Outreach, Global Investors at SASB Standards (part of ISSB) will provide an update on this work, how it affects investors and the future of standards on 23 October: https://lnkd.in/dYgUPcHU #governance #corpgov #investors #assetowners #assetmanagers #standards #humancapital #naturalcapital
International Corporate Governance Network
International Affairs
A global initiative led by investors responsible for AuM of $70 trillion.
About us
ICGN is an investor-led organisation of governance professionals. Our members are based in over 39 countries with investors responsible for assets under the management of US$70 trillion. ICGN's mission is to inspire and promote effective standards of corporate governance to advance efficient markets and economies worldwide. We do this through three core activities: - Influencing policy by providing a reliable source of investor-led opinion and experiences on corporate governance and stewardship; - Connecting peers at global events to provide a forum for dialogue between companies, investors and other stakeholders; and - Informing dialogue through knowledge and education to enhance the professionalism of corporate governance an investor stewardship The ICGN was created in 1995 in response to rapid growth in cross-border investment. New 'global' investors wanted to exchange ideas, learn from each other and deepen their understanding about governance practices outside their home market. This stimulated the creation of a 'network' to help raise standards worldwide.
- Website
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http://www.icgn.org
External link for International Corporate Governance Network
- Industry
- International Affairs
- Company size
- 2-10 employees
- Headquarters
- London
- Type
- Nonprofit
- Founded
- 1995
- Specialties
- CORPORATE GOVERNANCE, CORPORATE RISK, BUSINESS ETHICS, SHAREHOLDER RIGHTS, SHAREHOLDER RESPONSIBILITIES, ESG, ESG INTEGRATION, SUSTAINABLE INVESTING, and INVESTOR STEWARDSHIP
Locations
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Primary
36-38 Whitefriars Street
Mitre Suite – 1st Floor
London, EC4Y 8BQ, GB
Employees at International Corporate Governance Network
Updates
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ICGN undertakes leading policy research, and advocates for effective corporate governance and investor stewardship practices worldwide. Our advocacy includes engages with regulators, standard-setters and policy-makers globally, with the objectives of protecting investor rights, promoting high quality corporate governance and reporting standards, and supporting policies that foster responsible and sustainable business practices. You can see recent coverage of our advocacy, particularly our comment letter on the Italian Capital Markets Law and TUF reform, at: https://www.icgn.org/news You will always find our latest consultation responses and Policy outputs at https://lnkd.in/drUVA8kx
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Thanks again to all those who attended last week’s Global Stewardship Forum (GSF), which included the presentation of the ICGN Global Stewardship Disclosure Awards by Anne-Marie Jourdan, Chair of the ICGN Awards Committee, and Christine Chow, PhD, Incoming Chair of the ICGN Board of Governors. We were delighted to have the opportunity to showcase the work being done around the world to advance stewardship – congratulations to the very worthy winners, and to all the shortlisted nominees! The judges commented on how challenging it was to select winners this year, given the high standard. All ICGN investor members are eligible for the Global Stewardship Disclosure Awards, which are awarded in four categories, for asset owners and asset managers with AuM under and over £60 billion. See the full list of winners, commendations and shortlisted nominees at: https://lnkd.in/e9hVyBuy #stewardship #ICGNAwards #governance #corpgov #investors #assetowners #assetmanager
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Our fortnightly Policy newsletter provides monitoring of key regulatory announcement and is designed to keep ICGN Members up to date with global developments on corporate governance and investor stewardship. This is just one of the benefits of ICGN Membership, which can help your organisation demonstrate your commitment to corporate governance and stewardship. ICGN Members benefit from: - Your / your organisation’s name added to thought leadership you have contributed to - Highlighting your key initiatives on ICGN social media, webinars and at events through our Member Spotlight - Speaking opportunities at events and webinars - Reporting on ICGN policy activities in your annual stewardship report - New membership marketing on ICGN social media, with company logo - Use of the ICGN member logo Membership is organisation wide and all employees can access member benefits. For a discussion about how ICGN Membership can benefit your organisation, please see: https://www.icgn.org/join #governance #corpgov #investors #assetowners #assetmanagers #standards #membership #memberbenefits
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There's still time to achieve your professional development goals in 2024, with ICGN's Governance, Stewardship and Sustainability Programme starting this month. Designed for investment professionals, Governance Fundamentals could be an invaluable introduction to key concepts for a new member of the team, or an opportunity to refresh and update for a more experienced colleague. This course is delivered live online by experienced tutors Fiona Ellard and Paul Lee, offering the opportunity to ask questions and discuss common issues with other participants. See full details of the agenda for each session and book your place: https://lnkd.in/dXNw4vvz #training #professionaldevelopment #governance #corpgov #stewardship #sustainability #investors #assetowners #assetmanagers
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And that brings the ICGN 2024 Global Stewardship Forum (GSF) to a close! It's been a packed two days with a really engaged audience and ICGN would like to thank all our delegates, speakers and sponsors - it's been great to see so such a global investor audience at this event, including many ICGN Members. Thanks to our sponsors, Sodali & Co, Broadridge, Glass, Lewis & Co. and Deloitte for their support of the GSF, which we very much appreciate. As CEO Jen Sisson says in closing, we couldn't hold these events without them. Thanks also to our Media Partners Governance and Board Agenda®. We're hugely looking forward to the ICGN Melbourne Conference, hosted by Australian Council of Superannuation Investors, in just seven weeks - find out more: https://lnkd.in/dTU3SJR4 If you're interested in working with us on future events, please do contact us at [email protected]; we have big plans for ICGN's 30th anniversary next year, with conferences planned in Asia, North America and Europe: https://lnkd.in/djTSNKBQ and a range of smaller events #GSF #stewardship #governance #corpgov #ICGN2024 #investors #assetowners #assetmanagers
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Loïc DESSAINT highlights the importance of defining roles in advance in collaborative engagements wherever possible. For the maximisation of impact, it's important to use all the asset classes - asset owners can engage even where they're not a shareholder, because their portfolio also supports the risk. "You really have a lot of tools available to have an impact." Tom is now opening the discussion up to questions from the floor. #GSF #stewardship #governance #corpgov #ICGN2024 #investors #assetowners #assetmanagers
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Lisa Beauvilain comes back to focusing on topics that have proved to be "true bottlenecks" and are affecting a lot of companies. She says it's been effective to present a business case to companies to explain why this matters, and has been important in getting results. Understanding that these are long-term topics and aren't going to be "sorted in a few months" is important. Lisa notes that collaborative engagements are difficult in some markets, but the UK and Japan have recently confirmed that collaboration on climate doesn't constitute collusion between investors. Effective collaboration avoids the situation of multiple investors "asking the same question, but a little but differently". Sara E. Murphy says a lack of alignment within institutional investors can lead to conflicting requests to companies, and that it's essential for investment and stewardship teams to be aligned. #GSF #stewardship #governance #corpgov #ICGN2024 #investors #assetowners #assetmanagers
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Loïc DESSAINT gives the example of carrying out really in-depth research to create very specific indicators when working on behalf of groups of investors, to then select which companies to engage with. ISS ESG identified (for example) companies in breach of international standards or the UN SDGs, so that they could set engagement goals and "create progress over time". Priorities were decided by a combination of client priorities and the severity of the breach/controversy. He notes that not all companies have a full view of what's happening in their supply chain and this has to be considered when engaging on those issues. Tom says supply chain is rightly getting a lot more attention, with investors bringing together E and S issues, particularly human rights and land issues, on which to engage. He asks how shareholders can maximise the impact of systemic stewardship. Sara E. Murphy says she looks back to her time in asset management and how over stretched management can be. Coming up with bespoke strategies and approaches can mean that companies are being approached by multiple investors asking for slightly different things. "There are some very light touch strategy investors can employ" she says, in terms of how they use their vote and taking an "if x, then y" rules-based approach. That's both very defensible and can free up managers' resources for deep, extended engagement. "Rules-based proxy voting...is a way to extend one's reach." #GSF #stewardship #governance #corpgov #ICGN2024 #investors #assetowners #assetmanagers
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Tom asks the panel for specific examples of what's been successful and Sara E. Murphy highlights an initiative from The Shareholder Commons proposing that investors "implement guardrails", a minimum set of parameters in which they expects companies to operate. She says these parameters (on, for example, anti-microbial resistance or living wages) should be set by experts and aim to avoid investors taking on the costs of systemic risks. Sara highlights the issue of incentives in a context where companies are experts at optimising for their own financial performance and says "we're not going to get companies to do anything until investors start giving them a much stronger signal". Lisa Beauvilain notes that what's been effective for Impax Asset Management is working on issues they've identified across the piece, such as physical climate risk: "No-one is shielded from physical climate and risk and we're seeing the effects of that". They have developed their own models to assess this, but the challenge is identifying where companies' key physical assets are to understand their exposure. Impax had a series of meetings with the SEC to discuss this and "when practitioners come to the table to discuss issues" they can have an impact, Lisa says, even when they're "not massive funds". #GSF #stewardship #governance #corpgov #ICGN2024 #investors #assetowners #assetmanagers