Also, governance reform focuses on the company itself and what is best for its optimal operation as well as its shareholders. Best practices in corporate governance are usually the result of many years of private ordering experimentation and experience. In my mind, corporate governance stands by itself and rarely has a direct relationship to environmental or social issues. When I looked into it, I saw that it was relatively recently that socially responsible investors, focusing on “E” and “S” issues, rebranded to add “governance” to the mix, a component that had research tying it to firm value. I often wondered how the three concepts of environmental, social, and governance matters got lumped together. ESG (and What It Means to You and Me)įirst, let me level-set: In my experience, there is not consensus on what, exactly, “ESG” means. I could not possibly address all aspects of my thinking on it in one speech, so I will focus on two particular areas: (1) calls for mandated ESG disclosure for public companies, and (2) ESG disclosure by asset managers. Today, I would like primarily to talk about another area that I know is front-of-mind for a lot of people in this room: “ESG.” This is a broad subject with a wide variety of implications, including many that go well beyond the scope of the Commission’s authority.
I continue to think through ways to address the inherent problems with the current framework, and I always welcome new suggestions. I look forward to considering those recommendations, and I hope we also move forward in pursuing efforts to improve our “proxy plumbing” infrastructure. The staff on the SEC’s rulemaking teams has remained focused throughout these past few months digesting the comments we received on both proposals and drafting recommendations for the Commission to finalize each of them. While I cannot give you any details on the substance, I can say that the completion of those rulemakings is a priority for me and for Chairman Clayton.
#KEYNOTE DEFINITION UPDATE#
I want to use this opportunity to provide a brief update on the proxy reform rulemakings, which the Commission proposed last November. He has left a lasting legacy and my thoughts go out to his family.īefore I continue, I must note that my views and remarks are my own and do not necessarily represent those of the Securities and Exchange Commission (“SEC”) or the other SEC Commissioners. He helped train countless lawyers and was a big figure in the lives of so many in our Division of Corporation Finance and in the securities world.
He was an incredible lawyer and an even better person. I would like to begin by taking a moment to remember Marty Dunn. Given how hectic I presume the last few months have been for you, I want you to know how much I appreciate that you are taking the time to call in and listen to me speak. I had been looking forward to seeing everyone in Colorado this week but, of course, life for all of us has changed since we made those plans. Thank you, Keir, for the kind introduction, and thank you to the Society for Corporate Governance for the invitation to speak today. Downloading apps requires an Apple ID.Good afternoon, everyone. Scribble support is currently available worldwide in Arabic (Saudi Arabia), Cantonese (China mainland, Hong Kong), English (Australia, Canada, India, Singapore, UK, U.S.), French (France), German (Germany), Italian (Italy), Japanese (Japan), Korean (South Korea), Mandarin Chinese (China mainland, Taiwan), Russian (Russia), Spanish (Mexico, Spain, U.S.), Turkish (Turkey).
#KEYNOTE DEFINITION PC#
iWork for iCloud works with a Mac or PC using Safari 11.1.2 or later, Google Chrome, or Microsoft Edge. English and requires an iCloud account and an internet connection. iWork for iCloud is currently available worldwide in Arabic, Brazilian Portuguese, Chinese (Simplified), Chinese (Traditional), Danish, Dutch, Finnish, French, German, Hebrew, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Spanish, Swedish, and U.S. Some features may require internet access additional fees and terms may apply.
#KEYNOTE DEFINITION FOR MAC#
0 kommentar(er)
