The Global Financial Crisis

The ICGN has today published a Statement on the Global Financial Crisis, emphasising the importance of shareholder rights and responsibilities in this turbulent environment. View the statement and press release.

Many ICGN members have contacted us directly with their concerns about the global financial crisis. In response, we have opened a Member Comment Box on the ICGN website where members can send us their views. Your comments will also serve as a basis for discussion at the next ICGN Event being held on 9-10 December in Wilmington, USA, entitled ‘In Times of Financial Crisis – What now for corporate governance?’. (See below for more details.)

Click here to post your comments on the crisis by Friday 28 November.
(Please login as an ICGN member to post your comments or contact Audrey Hart at the Secretariat for a reminder of your password at secretariat@icgn.org)

Click here to read ICGN views on the crisis in press articles.

As global markets are gripped by volatility, corporate governance reform is yet again at the head of the legal and regulatory agenda. The next ICGN Mid-year Event will examine the future of capital markets after the banking crisis. It will consider how capital markets may be constrained or curbed by regulation and the impact this has on corporate accountability to shareholders. We will debate the impact of the crisis on the role of long-term shareholders and their ability to influence the governance of the companies in which they invest.

Key topics include:

	The effect of international bailout programs to curb the crisis
	Restoring confidence and the role of long term investors, regulators, gatekeepers and agents
	The interaction of state and federal law in developing corporate governance standards
	Regulatory reform in the USA and shareholder rights

Speakers include:
We are bringing together leaders in corporate governance from around the world including: Chief Justice Myron Steele of the Delaware Supreme Court, David Blood, CEO of Generation Asset Management, Chris Ailman, CIO of CalSTRS, Jean Pierre Hellebuyck, Vice Chairman of AXA in France, Yuji Kage, MD of the Pension Fund Association in Japan, Ann Byrne, CEO of the Australian Council of Superannuation Investments, Carl Rosen, Head of Corporate Governance at AP2 in Sweden, Ann Yerger, Council of Institutional Investors, Neri Bukspan, Global Chief Accountant at Standard & Poors, Mark Anson, CEO of Nuveen Investments, Leslie Rahl, President, Capital Market Risk Advisors, Richard Ferlauto, Director of Corporate Governance and Pension Investment, American Federation of State, County and Municipal Employees, and John Plender from the Financial Times, among many others.

Click here to see the full agenda and to register on line.

Delegates attending this meeting are able to claim 5.50 Continuing Legal Education credits.

The 2009 ICGN Annual Conference and General Meeting will take place in Sydney, Australia between the 13-15 July, hosted by the Australian Council of Superannuation Investors and the Australian Institute of Superannuation Trustees
The 2009 Annual Conference willbring together investors, directors, policy makers and stakeholders in a global dialogue with a focus on practical action.