ICGN Conference brings together investors and activists from all over the world
In June, Amec participated in ICGN Annual Conference, one of the world’s major events focused on corporate governance and investors’ rights, attended by more than 600 professionals from all over the world. Entitled “Expectations of investors and companies in the face of 21st century challenges,” the 4-day event counted on the participation of the Netherlands’ Minister of Finance, Jeroen Dijsselbloem, in its official opening session. After his opening speech, the minister answered investors’ questions regarding shareholders’ rights in the Netherlands and Europe.
In addition to the topics addressed (click here to access the agenda), Amec participated in the 2nd face-to-face meeting of the Global Network of Investor Association (GNIA) – the global network of ‘Amecs,’ which has been increasingly exchanging information and experiences about their respective agendas. The innovation was the election of Phil Armstrong, from IFC, as the network chairman, propitiating a stronger executive push to the group’s actions.
Amec CEO also participated as a speaker in the “Active Ownership: new terms and territories of engagement” panel. The panel had Jamie Allen, General Secretary of the Asian Corporate Governance Association (Asean) and GNIA’s member, as moderator, and counted on the participation of Teresa Barger, CEO of Cartica (Amec’s member), Jurgen Rigterink, CFO of FMO, and Roderick Munsters, CEO of Robeco, one of the world’s largest institutional investors. The debate showed that the progress in the proxy access (capacity of recommending and voting in candidates for the company’s Boards) in Brazil has been calling global investors’ attention. The advancements regarding this topic have placed the country in a leadership position in terms of the efficacy of minority shareholders’ voting power. In addition, there was an intense debate about the aggressive strategies adopted by some companies against shareholders and independent board members that have been seen in Brazil (HRT, Forjas Taurus, Petrobras, etc.) and in the United States (Chevron), among other jurisdictions.
