Good corporate governance is seen as a key feature to ensure good outcomes for investors and to galvanise markets.
In Japan, we have seen the launch of the Stewardship Code in 2014 and the Corporate Governance Code in 2015 bringing changes to corporate governance practices. But what benefits can be realised by these changes and what are the challenges that need to be faced?
Dan Konigsburg, an expert from Deloitte based in New York will present on some key issues regarding corporate governance both overseas and in Japan. He will present his views on:
An overview of corporate governance best practices in Japan and overseas.
An analysis of how board structures impact shareholders’ return and some key performance indicators.
How corporate governance plays a role in subsidiary-HQ relationship management.
Corporate governance in the banking sector.
The role of investors.
Dan Konigsburg is managing director of corporate governance and public policy for Deloitte Touche Tohmatsu Limited. In addition, Dan leads Deloitte’s Global Center for Corporate Governance, and is based in New York. As leader for Deloitte’s public policy work, Dan oversees teams in Washington, D.C. and Brussels that seek to engage government officials, policy-makers, investors, and non-government organizations on key policy questions affecting our capital markets, economy and society at large. The Global Governance Center promotes dialogue in the critical area of corporate governance through a network of local governance centers across 28 countries. The Global Center coordinates thought leadership on governance issues developed by Deloitte member firms to advance thinking on corporate governance issues around the world.
Prior to joining Deloitte, Dan served as Director of Corporate Governance at Standard & Poor’s in London and then New York. Over a period of eight years at S&P, Dan was responsible for the development and application of services to evaluate the corporate governance practices of rated companies as well as the integration of governance analytics into credit ratings.
Dan serves as Chairman of the OECD’s Business Advisory (BIAC) Task Force on Corporate Governance in Paris, is a member of the International Corporate Governance Network’s (ICGN) Business Ethics Committee, and serves as a director on the board of the National Institutes for the Psychotherapies. Dan holds a B.A. in Russian and East European Studies from Yale University.
The global regulatory environment continues to take shape and the preferred outcome would be to balance the need for financial stability with an environment that encourages economic growth.
With many of the key work streams now being finalised, regulators are now considering how the new framework should be implemented across jurisdictions.
Carter Mc Dowell, Managing Director and Legislative Counsel at SIFMA will give a presentation on a number of priority regulatory issues including:
Risk based capital framework:
Fundamental Review of the Trading Book,
Net Stable Funding Ratio,
Leverage ratios.
Insight on the priorities of the different US regulatory bodies.
Global regulatory trends and priorities.
Carter McDowell is Managing Director and Legislative Counsel at the Securities Industry and Financial Markets Association (SIFMA).Before joining SIFMA he was the Chief Legislative Counsel of the American Bankers Association where he was responsible for advising the government relations staff on the legal issues associated with federal legislation impacting the banking and financial services industry. Carter also served as General Counsel of the ABAs international affiliate, the Bankers Association for Finance and Trade.Prior to joining the ABA, he served as the Chief Counsel of the U.S. House Financial Services Committee from 2001 to 2007. Before this, Carter worked for Banc One Corporation in a number of positions, including as Washington Representative, Chief Compliance Officer for the non-bank subsidiaries and affiliates of the holding company and manager within the legal department. Prior to joining Banc One, he worked in the Financial Services Group of the Goodwin Procter law firm in Boston. Carter holds a BA degree from the University of Texas, a JD from the Herbert School of Law at Louisiana State University and an LLM in Banking Law Studies from the Morin Center at the Boston University School of Law.
