Thursday, October 6, 2016
“The Climate-Competent Board”
Gore Recital Hall, University of Delaware, Newark, DE
9:00 a.m. – 1:00 p.m.
Global Investors are growing increasingly aware of the risks and opportunities associated with climate change, and its potential implications for the value of their investments over the long term. Following the COP21 Paris Climate Accord, a number of institutional investors, concerned about portfolio risks, are focusing on board level responses to climate change and have established policies calling for “climate-competent” boards and directors.
We invite you to a panel discussion on the expectations of large investors, and how boards might respond to calls for increased “climate competency.” Issues that will be discussed include: What does “climate competency” mean? Should boards add a director with specialized “climate competency” skills or can a board properly oversee climate risk with outside expertize and board education? What should the role of the full board and/or specific board committees, such as the audit, risk, sustainability, compensation, and governance committees, be with regard to the oversight of climate risk issues? Should corporate sustainability reports and scenario analysis be reviewed at the board level? Do the responses to the above issues change in more carbon-intensive industries?
Other issues that will be addressed include: How should board members best oversee the impact of climate change on the company’s long-term strategic plan? What is the board’s role with respect to climate risk disclosures to investors? What is the board’s role with regard to engagement with shareholders?
We look forward to a productive and engaging discussion regarding board “climate competency” from various perspectives. Confirmed panelists include:
- Michelle Edkins, Managing Director and Global Head of Investment Stewardship, BlackRock
- Richard C. Ferlauto, Member of the Governing Board, 50/50 Climate Project
- Michael Garland, Assistant Comptroller for Corporate Governance and Responsible Investment, Office of the New York City Comptroller
- Rakhi Kumar, Head of Corporate Governance, State Street Global Advisors
- Sophie L’Helias, President, LeaderXXchange; Co-Founder, International Governance Network (ICGN); Director, Kering
- Jon Lukomnik, Executive Director, IRRC Institute
- Patrick McGurn, Special Counsel and Head of Strategic Research and Analysis, Institutional Shareholder Services (ISS)
- Veena Ramani, Senior Director, Corporate Programs, Ceres
- Paul E. Rowsey, III, President and CEO, Compatriot Capital; Chairman of the Board, Ensco plc; Lead Director, KDC Holdings LLC, JBL Partners LLC, Village Green Consolidated, E2M Partners, LLC; and Director, Powdr Corporation
- Anne Simpson, Investment Director, Global Governance, California Public Employees’ Retirement System (CalPERS)
- The Honorable Joseph R. Slights, III, Vice Chancellor, Delaware Court of Chancery
Moderator: Charles M. Elson, Edgar S. Woolard, Jr., Chair of Corporate Governance, Director of the John L. Weinberg Center for Corporate Governance, and Professor of Finance
A complimentary lunch will follow the program.
More details to follow.
March 7, 2017
2017 Corporate Governance Symposium
Clayton Hall, University of Delaware, Newark, DE
The focus of the 2017 Corporate Governance Symposium was “Governance Issues of Critical Importance to Boards and Investors in 2017” The Symposium will begin with a panel, during which each panelist will share what matters most to them in 2017. The Symposium provides attendees with cutting edge governance discussion and debate. The Symposium will continue with the presentation of academic papers on topics that are of critical importance to boards and investors today. The Call for Papers will be issued in the near future.
More details to follow.