Events

Spring 2018

Date - Time:
03/30/2018 - 20:15
Location:
The Harvard Club
35 West 34th St
New York, NY
Participants:
Description:
Oil, gas and mining agreements signed between governments and companies have typically been secret, but this is changing. Around 40 governments have officially published these contracts, and organizations like the International Monetary Fund, the International Finance Corporation, and the European Bank for Reconstruction and Development are actively encouraging the practice. Join us to discuss why this is happening, how investors can use the information, and what role investors can play in...

Spring 2018

Date - Time:
03/14/2018 - 14:00 to 15:30
Location:
Safra Securities
546 Fifth Avenie
New York, NY
Participants:
Description:
Political uncertainty in Brazil has cast doubt on the possibility of further corporate governance reforms at the regulatory level. However, over the last five years, Brazilians have taken many steps toward improving corporate governance standards and professionalizing board structures. The discussion will address the state of corporate governance in Brazil as well as the challenges associated with reform. From the recent launch of Brazil's Stewardship Code to Vale's path-breaking election of...

Spring 2018

Date - Time:
02/06/2018 - 12:30
Location:
Participants:
Description:
Investors rely on government fiscal data to assess creditworthiness. Yet many governments do not produce basic or complete fiscal data. The event will focus on fiscal openness and budget transparency in emerging markets. The discussion will address questions such as: (1) How are governments performing on fiscal openness and budget transparency and why does it matter?  (2) How do closed fiscal policies and budgets contribute to systemic risks and open ones reduce risks? (3) Which fiscal...

Fall 2017

Date - Time:
10/16/2017 - 14:00 to 15:00
Location:
Van Eck Associates Corporation
New York, NY
Participants:
Rajeeva Bandaranaike, Colombo Stock Exchange | Niroshan Wijesundere, Colombo Stock Exchange | Anthony Sassine, VanEck | Melanie Paty, Principles for Responsible Investment | Bruno Bastit, Quetzal Strategy | Jacque Safra, Safra National Bank
Description:
On October 16, 2017, the Alliance hosted a discussion with Mr. Rajeeva Bandaranaike, the CEO of the Colombo Stock Exchange, on corporate governance issues in Sri Lanka. As the Exchange’s listing rules play a crucial role in shaping corporate governance practices, the event presented an opportunity for investors to understand and address challenges to promoting good governance and operational transparency. The occasion also allowed for dialogue between investors and the leadership of the...

Fall 2017

Date - Time:
10/12/2017 - 10:30 to 11:30
Location:
Bloomberg LP
Washington, DC
Participants:
Lorena Rivero, Ministry of Finance and Public Credit, Mexico | Kathrin Frauscher, Open Contracting Partnership | Marcela Rozo, World Bank Group | John Greenwood, Goldman Sachs | Anthony Wong, J.P. Morgan | Mariana Quidel, Astris Finance | Bernhard Obenhuber, CountryRisk
Description:
Discussion with Lorena Rivero, Ministry of Finance and Public Credit, Mexico Kathrin Frauscher, Open Contracting Partnership (OCP)   Inefficiency and corruption in public procurement represent a massive fiscal burden for emerging markets. Out of the $9.5 trillion spent each year on government procurement (15% of the global GDP), the UN estimates that corruption and fraud may amount to 20-25%. Mexico has been at the forefront of addressing this problem through an...

Spring 2017

Date - Time:
04/05/2017 - 17:30 to 20:30
Location:
Thomson Reuters
3 Times Square
New York, NY 10007
Participants:
Ric Marshall, MSCI ESG Research | Ashley Schulten, BlackRock | Diederik Timmer, Sustainalytics | Jack Deino, Blackrock | Jamieson Odell, Caravel Asset Management | Claire Veuthey, Wells Fargo | Cary Krosinsky, Brown University
Description:
In recent years, environmental, social, and governance (ESG) investing has grown in popularity in virtually all asset classes. Despite the robust performance of many ESG indexes since the global financial crisis, investors still express skepticism about alpha potential or ascribe the observed benefits to more traditional factors. This is especially true among emerging market (EM) investors where ESG is poorly understood. This event aimed to educate emerging market investors as to the current...

Fall 2016

Date - Time:
09/14/2016 - 17:30 to 20:00
Location:
Citigroup
New York, NY
Participants:
Sam Block, MSCI ESG Research | Bonnie Gestring, Earthworks | Ross Hamilton, International Council on Metals and Mining | Upmanu Lall, Columbia University Water Center | Frederick Isleib III, Manulife Asset Management
Description:
The Samarco tailings dam failure, the community opposition to Newmont Mining’s Conga project and Southern Copper’s Tia Maria projects in Peru, and the issue of declining water supplies in Chile have highlighted the importance of water related risks in the mining sector. Several trends suggest that water (intake and discharge) will increasingly become a primary risk in mining investments: More waste must be securely stored as falling grades require more ore to be processed. Mining...

Spring 2016

Date - Time:
04/07/2016 - 17:30
Location:
Mizuho Securities
320 Park Avenue at 51st St.
12th Floor
New York, NY 10022
Participants:
Gavin Hayman, Open Contracting Initiative | Robert Hunja, World Bank | Maria Margarita Zuleta, Government of Colombia | Michael McDermott, AIG Asset Management Group
Description:
Government contracting of projects and services, which represents trillions of dollars of expenditure and about 15% of the global GDP, is often prone to inefficiency and corruption. Dishonesty and mismanagement can result in the downfall of projects and of companies that receive contracts, as recent developments in Brazil have shown. Recent innovations in open contracting policies and practices have aimed to combat these issues by implementing new standards of fairness and transparency...

Fall 2015

Date - Time:
12/09/2015 - 17:30 to 20:00
Location:
Societe Generale
245 Park Avenue at 46th Street
New York, NY
Participants:
Edgardo Sternberg, Loomis Sayles | Michael Brodsky, Deloitte Advisory | Stephen Davis, Harvard Law School Program on Corporate Governance | Ric Marshall, MSCI ESG Research
Description:
After ending 2014 with major corporate scandals in China (GlaxoSmithKline), Brazil (Petrobras) and Portugal (Banco Espírito Santo), some investors thought we were back to business as usual in 2015. Instead, Brazil’s Operação Lava Jato (Operation Car Wash) corruption probe mushroomed to an even broader investigation that has entwined senior management at some of the country’s largest corporations and dragged a number of bonds and stocks to distressed levels. These recent scandals are happening...

Spring 2015

Date - Time:
05/11/2015 - 17:30
Location:
Bloomberg LP
731 Lexington Avenue
New York, NY
Participants:
H.E. Luis Miguel Castilla, Ambassador of Peru to the United States | Ian Gary, Oxfam America | Michael Jarvis, World Bank | Reg Manhas, Kosmos Energy | Brian Luther Carter, BNP Paribas Asset Mgmt
Description:
In the EU, US, Canada, and Norway, new laws requiring stricter mandatory disclosures about financial flows between natural resource companies and governments could reduce the risk of Petrobras style scandals. In the UK, for example, all LSE listed oil, gas, and mining companies must as of 2016 disclose tax, royalty, and other payments on a country-by-country and project-by-project basis. In the US, Dodd-Frank (Section 1504) requires similar disclosures but has yet to be implemented....

Types of Affiliation

Only Affiliates are eligible to attend events. Membership and Association are currently free of charge. To apply, please select the appropriate membership type below.

MEMBERS

Membership is for members of the investment community.

ASSOCIATES

Association is for individuals who are not investors but who have a direct interest in the Alliance’s mission.

SPONSORS

Sponsors are corporations or foundations who wish to support the Alliance’s mission.

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Governance in the News

03/29/2018

An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue.

03/29/2018

SOEs often manage huge budgets and control valuable national assets. When accountability is lacking, they tend to deliver a poor financial return on these investments. Analyzing SOE performance is complicated by the multiple missions that SOEs often pursue, which is why there can be no one-size-fits all approach. But a good starting point is assessing whether the SOE has achieved the goals laid out by the government and the company’s own leadership.

03/19/2018

By year-end, Indonesia is also set to join the Automatic Exchange of Information initiative, a global effort to curb tax avoidance and evasion, which enables tax authorities around the world to exchange information on taxpayers’ accounts.

03/08/2018

The OBS 2017 results suggest that whatever factors contributed to improvements in transparency in the region between 2012 and 2015 were insufficient in maintaining these gains in 2017. Countries in Sub-Saharan Africa that increased their OBI score by more than five points between 2012 and 2015 declined by more on average between 2015 and 2017 than the countries that were not substantial improvers between 2012 and 2015.

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