June 1, 2017
2-3 p.m. (ET)
Given the new administration in Washington and the impending changes to the SEC, some corporate governance rules and disclosure requirements are unlikely to have the same support. We have already seen some requirements under review and potential repeal-- such as those requiring CEO pay ratio disclosure.
However, even if regulations change, shareholders are likely to continue to encourage companies to provide substantive disclosure on issues such as company efforts to promote positive social and environmental changes. For example, in his annual letter to S&P 500 CEOs, Blackrock CEO Larry Fink emphasized the importance of corporate stewardship at this time of uncertainty. Fink called on corporations to craft long-term strategies that address the changing global environment, including pay inequity, environmental and social issues, and retirement insecurity for an aging population. State Street also put a spotlight on corporate stewardship in its annual letter to companies in which it invests, urging boards to increase disclosure on their strategic approach to climate change and other key social issues and risk. Most recently, State Street threatened to vote against directors at companies that lack a woman on their board.
Join us for this important discussion about how this environment will impact how companies do business, and how their boards need to balance the pressure from shareholders with the changing rules coming out of Washington, and the impact on overall strategy going forward.
Sharyn Bilenker (moderator) is vice president of Corporate Affairs and Strategic Development at Broadridge Financial Solutions Inc. Her current focus is on initiatives that explore the impacts of regulatory change on shareholder communications, and she is leading efforts to improve shareholder engagement and participation in the corporate governance process through the use of web-based resources and social media. Bilenker previously served as assistant vice president of Strategic Initiatives at AXA Equitable, where she developed and implemented projects aimed at improving the operational efficiency of the broker-dealer interaction, and as vice president at Lebenthal Asset Management, where she led new sales and marketing strategies while also managing client service and operations.
Julie Fox Gorte is senior vice president for sustainable investing at Pax World Management LLC. She oversees environmental, social, and governance-related research on prospective and current investments as well as Pax’s shareholder advocacy and work on public policy advocacy. Prior to joining Pax, Gorte was vice president and chief social investment strategist at Calvert. She held roles as senior associate and project director at the Congressional Office of Technology Assessment, vice president for economic and environmental research at The Wilderness Society, program manager for technology programs in the Environmental Protection Agency’s policy office, and senior associate at the Northeast-Midwest Institute. Gorte is a director of Ceres, the Sustainable Investments Institute, the Endangered Species Coalition, and the American Sustainable Business Council.
Krystal Gaboury Berrini is a Partner at CamberView Partners. Before joining CamberView, Ms. Berrini led governance research, engagement and voting activities at Wellington Management Company. In this role, she was responsible for engaging with companies on governance, environmental and social issues, voting recommendations and developing voting policies across the firm’s global equity portfolio. She also partnered with Wellington’s analysts and portfolio managers, serving as a thought leader on corporate governance issues and strategic governance engagements.