Long-term impact of institutional ownership on governance and sustainable investment

NSE-ECGI Roundtable

Long-term impact of institutional ownership on governance and sustainable investment

  • 13 November 2017
  • Mumbai, India

The Roundtable will focus on the role of foreign institutional investors and proxy advisory firms in promoting corporate governance and sustainable investment. Indian capital markets are increasingly becoming one of the most favoured investment destinations for leading international institutional investors. At the firm level, improvement in corporate governance, greater accountability and adoption of IFRS, and at the political level, a commitment to generate sustainable economic growth are just some of the factors that have contributed to rising international capital flows into Indian markets, which have been among the best performing in 2017. But, are these foreign institutional investors committed to long-term sustainable growth in India? Or, are they likely to withdraw their investment when the going gets tough?  This roundtable will consider the academic evidence in other markets and debate the policy implications of such evidence for Indian capital markets, companies and long-term economic growth. It will also debate on whether proxy advisory firms have made a dent on corporate governance in India and how far can these firms be relied upon in the future to preserve high governance standards.

 

Confirmed participants 

Ashwini Agarwal, Co-Founder, Ashmore Investment Management India LLP

Simon Bailey, Investment Manager, M&G Investments, UK

Bala Balasubramanian, 

Prachi Deuskar, Professor, Indian School of Business, Hyderabad

Mike Everett, Governance and Stewardship Director, Aberdeen Standard Investments 

Shyamala Gopinath, Chairperson, HDFC Bank

Rajat Jain, CIO, Principal PNB Mutual Fund

Guy Jubb, European Corporate Governance Institute (ECGI)

Pedro Matos, Darden School of Business, University of Virginia

Nirmal Mohanty, Chief Economist, National Stock Exchange of India (NSE)

Amit Tandon, CEO, Institutional Investor Advisory Services (IIAS)

Suneet Weling, Executive Director, Kotak Investment Banking

 

This event coincides with the 2017 ACGA Conference taking place at the Trident Hotel in Mumbai.

 

Photo: By A.Savin (Wikimedia Commons · WikiPhotoSpace) - Own work, FAL, https://commons.wikimedia.org/w/index.php?curid=47966332

Information

Address:
National Stock Exchange of India, Bandra Kurla Complex, Mumbai
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)
Saloni Argarwal
National Stock Exchange of India (NSE)

Programme

15:00
- 15:30

Registration

15:30
- 15:40

Opening Remarks: Guy Jubb, European Corporate Governance Institute (ECGI)

15:40
- 16:10

Academic paper presentation: Prof. Pedro Matos, University of Virginia

Speakers:
Back to full programme

Academic paper presentation: Prof. Pedro Matos, University of Virginia

Time:
15:40h
- 16:10h

Professor Matos’s research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times, Washington Post, Fortune and Forbes. His work has received numerous research grants and awards, including the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He is a Research Associate at the European Corporate Governance Institute (ECGI).

Speakers

17:15
- 17:45

Q&A

17:45
- 18:00

Tea Break

Back to full programme

Panel 2: Outsourcing Corporate Governance – Are Proxy Advisors measuring up to expectations?

Time:
18:00h
- 18:45h

Moderator

Panelists

18:45
- 19:00

Q&A

19:00

Dinner

Speakers

Presentations

Back to all presentations

Academic paper presentation: Prof. Pedro Matos, University of Virginia

Time:
15:40h
- 16:10h

Professor Matos’s research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times, Washington Post, Fortune and Forbes. His work has received numerous research grants and awards, including the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He is a Research Associate at the European Corporate Governance Institute (ECGI).

Speakers

Panel Discussions

Panel 1: Is greater foreign institutional ownership of Indian companies consistent with sustainable long term investment and improved governance discipline?

Panel 2: Outsourcing Corporate Governance – Are Proxy Advisors measuring up to expectations?

Back to all panel discussions

Panel 2: Outsourcing Corporate Governance – Are Proxy Advisors measuring up to expectations?

Time:
18:00h
- 18:45h

Moderator

Panelists