INSEAD Directors Forum

 

Governance in the Rise of Activism

 

22 October 2021, 9:30 CEST / 15:30 SGT (3hrs 40mins)

Register Now!

Overview

The activism landscape has evolved tremendously over the years with the rise in stakeholder activism and burgeoning power of activist hedge funds over their target company. The time has come for boards to commit in sustainable stewardship - recognising the environmental and social impact of their business activities, mitigating risks and driving change towards positive long-term value.

More than ever, boards must collaborate with their executive teams to actively manage the risks of an activism campaign by understand the changing expectations from investors and other stakeholders to find the balance in the pursuit of purpose, impact, and performance. Excessive CEO remuneration coupled with lagging performance in shareholder’s return can create pay-for-performance misalignment in favor for intervention by shareholder activists. However, potential activism risks can become opportunities for strengthening engagement when boards know how to build an effective stakeholder communication strategy in the face of conflict. By leading the way in navigating the rise in the tide of activism activities, board directors can safeguard their companies from detrimental outcome should activism attacks occur.

Organised by the INSEAD Corporate Governance Centre, the thought leadership forum on “Governance in the Rise of Activism” will examine the shifts in the activism landscape and mounting pressure from both shareholders and stakeholders for a sustainable stewardship on governance. Through presentations by academic experts and panel discussions with guest speakers representing investors, regulators, activists, and boards community, we will glean insights from multi-faceted perspectives on the tactics that activists use to stimulate change, leading governance practices in managing such risks and strategy to strengthen stakeholder engagement for long-term value creation.

Agenda

The agenda is tentative and subject to changes. Be sure to check it regularly for updates.

Optional programme

Friday, 22 October 2021

08:00 - 9:15

Annual General Meeting of the INSEAD Directors Network (IDN)
(registration required)

This session is hosted by Helen Pitcher OBE, IDN President for all members of the INSEAD Directors Network.

 

Official programme

Friday, 22 October 2021

9:30 - 9:35

Welcome & Introduction

Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre & INSEAD Wendel International Centre for Family Enterprise

9:35 - 9:55
Keynote Address
Colin Mayer, Peter Moores Professor of Management Studies, Saïd Business School, University of Oxford
9:55 - 10:40
Academic Panel on "Building Effective Stakeholder Communication Strategy in the Face of Conflicts"

"Conflict – When the Shit hits the Fan" by Henning Piezunka, Assistant Professor of Entrepreneurship and Family Enterprise

Ian C. Woodward, Professor of Management Practice in Organisational Behaviour

Moderated by Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour
10:40 - 10:45
Stretch Break
10:45 - 11:30
Panel Discussion on "Activism: A Catalyst or Dilemma in Driving Governance Change?”
Bruno Bastit, Global Head of Corporate Governance and Senior Sustainable Finance Specialist, S&P Global Ratings
Christina Carlmark, Key Account Manager “We Don´t Have Time”, Senior Sustainability Specialist, Volunteer Coordinator Climate Reality Project Nordic Region
Nicolas Ceron, Portfolio Manager and Partner, Bluebell Capital Partners​
Steven Tebbe, Managing Director Europe, CDP
 
Moderated by Lily Fang, Professor of Finance and The AXA Chaired Professor in Financial Market Risk, INSEAD
11:30 - 12:15
Panel Discussion on "Navigating the Rising Tide of Activism in the Boardroom"

Hélène Auriol Potier, Board Director of Safran, ODDO BHF, Randstad, Mimecast; Co-Chair ESG, Institut Français des Administrateurs
Karen Hitschke, COO of the WHO Foundation and Board Member at Yunus Social Business Global Initiatives
Ieda Gomes YellIndependent Director of Saint Gobain (France), Exterran Corporation (USA), Prumo Logistica (Brazil), The Institute of Directors and the Brazilian Chamber of Commerce in Great Britain (UK), Senior Visiting Research Fellow at the Oxford Institute for Energy Studies (UK) 

Moderated by Lucie Tepla, Senior Affiliate Professor of Finance, INSEAD

12:15 - 12:20
Stretch Break
12:20 - 12:50
Fireside Chat with Proxy Advisor on "Uncovering the Role of Proxy in the new Governance Paradigm"

Loïc Dessaint, Chief Governance Officer, Proxinvest

Moderated by Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour

12:50 -13:00
Certification Celebration for New INSEAD Certified Directors in Corporate Governance
Jose-Luis Alvarez, Academic Director of INSEAD Corporate Governance Centre, The Mubadala Chaired Professor in Corporate Governance and Strategy, Senior Affiliate Professor of Organisational Behaviour
13:00 -13:10
Wrap Up and Closing Remarks
Sonia Tatar, Executive Director of INSEAD Corporate Governance Centre & INSEAD Wendel International Centre for Family Enterprise
Optional Session (For new IDP certified directors, IDN members and INSEAD alumni - registration required)
Tuesday, 26 October 2021, 12:00-13:30 CEST

The INSEAD Directors Network (IDN) is hosting a Zoom meeting on Tuesday, 26 October 2021, 12:00-13:30 CEST to continue the discussion and digital dialogue on this topic. Register to learn more about the IDN alumni club and engage in peer-to-peer discussion faciliated by IDN Board members and ambassadors - all practicing board directors.
* Chatham rules will apply in these small group discussions.

 

 

Speakers and Panelists

We are in the process of updating the speakers line-up. Do visit this page to get the latest updates.

 

Keynote Speaker

 

Colin Mayer
Peter Moores Professor of Management Studies
Saïd Business School, University of Oxford

 

Academic Panel Speakers

 

Henning Piezunka
Assistant Professor of Entrepreneurship and Family Enterprise, INSEAD

 

Ian C. Woodward
Professor of Management Practice in Organisational Behaviour, INSEAD

 

Guest Panelists

 

Hélène Auriol Potier
Board Director of Safran, ODDO BHF, Randstad, Mimecast
Co-Chair ESG, Institut Français des Administrateurs

 

 

Bruno Bastit
Global Head of Corporate Governance and Senior Sustainable Finance Specialist, S&P Global Ratings

 

 

Christina Carlmark
Key Account Manager “We Don´t Have Time”
Sustainability Specialist, Volunteer Coordinator Climate Reality Project Nordic Region

 

 

Nicolas Ceron
Portfolio Manager and Partner, Bluebell Capital Partners

 

 

Karen Hitschke
COO of the WHO Foundation and Board Member at Yunus Social Business Global Initiatives

 

 

Steven Tebbe
Managing Director Europe, CDP

 

 

Ieda Gomes Yell
Independent Director of Saint Gobain (France), Exterran Corporation (USA), Prumo Logistica (Brazil), The Institute of Directors and the Brazilian Chamber of Commerce in Great Britain (UK)
Senior Visiting Research Fellow at the Oxford Institute for Energy Studies (UK) 

 

Fireside Chat Speaker

 

Loïc Dessaint
Chief Governance Officer Proxinvest
Former CEO Proxinvest

 

Moderators

 

Jose Luis Alvarez
Senior Affiliate Professor of Organisational Behaviour
The Mubadala Chaired Professor in Corporate Governance and Strategy
Academic Director, INSEAD Corporate Governance Centre

 

Lily Hua Fang
Professor of Finance
The AXA Chaired Professor in Financial Market Risk

 

Lucie Tepla
Senior Affiliate Professor of Finance

Host

 

 

Sonia Tatar
Executive Director, INSEAD Corporate Governance Centre
Executive Director, Wendel International Centre for Family Enterprise

Fees

Only registered attendees will be provided with the link to access the webinar. Please refer to the table below for the applicable fee.

  • New INSEAD Certified Director in Corporate Governance
    (
    applicable only if you are eligible to receive your certificate in Corporate Governance in October 2021)
Free
  • INSEAD Alumni: Members of National Alumni Association (NAA)
EUR 90
  • INSEAD Alumni: Non-Members of NAAs
EUR 130
  • Non INSEAD Alumni and Other
EUR 170
  • INSEAD Directors' Network (IDN) Annual General Meeting (Optional)
    * Invitation to IDN members
    * Registration is required 

Included
  • INSEAD Directors' Network (IDN) Digital Dialogue (Optional)
    * Invitation to INSEAD Alumni and New Certified Directors of Corporate Governance
    * Registration is required 
Included

Practical information

Registration deadline

Please note that the deadline for registration is Thursday, 21 October, 9:00 AM (CET).

Technical requirements

Please click here to check in advance that you have the required system and technical configurations to support the webinar which will be hosted on Zoom conference platform.

Webinar access

The link to the webinar will be shared with registered attendees one day prior to the webinar by Thursday, 21 October 2020. We encourage you to join the webinar at least 5 minutes before the session begins to ensure that you have a proper connection ready.

Webinar recording

The webinar will be recorded and it will be shared with all registered participants.

Webinar etiquette

To facilitate smooth running of the agenda, please take note that:

  • During the webinar, everyone will be muted and your video will be turned-off by default
  • You can use the Q&A tab if you have a questions for the speakers
  • The chat box will be disabled

For further technical support, you may consult the frequently asked questions (FAQs) below or contact us at [email protected] for assistance.

FAQs for technical support

Pre-reading material

We will share the pre-reading material when they are ready. Watch out for this space!

 

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