Long-term impact of institutional ownership on governance and sustainable investment
- 13 November 2017
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- Mumbai, India
Click here to read the Roundtable Report from this event.
Click here to access the slides from this event.
The Roundtable focused 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 considered the academic evidence in other markets and debated the policy implications of such evidence for Indian capital markets, companies and long-term economic growth. It also debated 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.
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 coincided 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


Programme
Registration
Opening Remarks: Guy Jubb, European Corporate Governance Institute (ECGI)
Academic paper presentation: Prof. Pedro Matos, University of Virginia
Speakers:
Academic paper presentation: Prof. Pedro Matos, University of Virginia
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
Conference Documents
Panel 1: Is greater foreign institutional ownership of Indian companies consistent with sustainable long term investment and improved governance discipline?
Moderator:
Panelists:
Panel 1: Is greater foreign institutional ownership of Indian companies consistent with sustainable long term investment and improved governance discipline?
Moderator
Panelists
Q&A
Tea Break
Panel 2: Outsourcing Corporate Governance – Are Proxy Advisors measuring up to expectations?
Moderator:
Panelists:
Panel 2: Outsourcing Corporate Governance – Are Proxy Advisors measuring up to expectations?
Moderator
Panelists
Q&A
Dinner
Speakers
Presentations
Academic paper presentation: Prof. Pedro Matos, University of Virginia
Academic paper presentation: Prof. Pedro Matos, University of Virginia
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).