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Corporate governance: A driver of a sustainable economy

Debate

26 June 2019 (12:30 - 17:30)
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Musical Instruments Museum, Rue Montagne de la Cour, Brussels, Belgium
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Corporate governance: A driver of a sustainable economy

The time is now to shift to a sustainable economy. Policymakers need to focus on better outcomes rather than more rules. Boards must demand that ESG factors are embedded into the day-to-day running of the businesses. Corporate governance is a driver of a sustainable business. It’s time that businesses create value beyond financial profit.

Read the recap of the event

KEYNOTE SPEECH

Olivier Boutellis-Taft in his speech launched the paper on 10 ideas to make corporate governance a driver of a sustainable economy. We want to inspire a debate and welcome your feedback on this paper. Send your thoughts and opinions on how corporate governance needs to evolve to [email protected] by 1 October 2019.

Boards have the responsibility to help transform business models towards a sustainable economy @AccountancyEU @obt_ACE #SustainableCorpGov pic.twitter.com/Ui5T4NVyw6

— Laura Buijs (@laurabuijs) June 26, 2019

Is it wise to even contemplate having a European wide corporate governance code? Cultures and expectations differ, can we create something that is common? @AccountancyEU #sustainablecorpgov

— Paul Druckman (@pauldruckman) June 26, 2019

Trust is broken and regulation seems necessary to make businesses drivers of sustainable prosperity – what I keep from this exciting debate today! #SustainableCorpGov @AccountancyEU

— Eleni Kanelli (@EleniKanelli) June 26, 2019

Watch Olivier Boutellis-Taft’s speech and Professor Mervyn King’s video

POLICYMAKER RESPONSE

IT IS possible to do sth at EU level on corporate governance says Director General @SallaLoi @DGJust. We think so as well! @AccountancyEU #SustainableCorpGov

— Eleni Kanelli (@EleniKanelli) June 26, 2019

New European Presidency of Finland sets its priorities with “sustainable “ as the key word/theme going through all, says @SallaLoi @AccountancyEU #sustainablecorpgov

— Paul Druckman (@pauldruckman) June 26, 2019

.@SallaLoi @EU_Justice & #XavierLeFlaive @OECD_ENV talk #SustainableCorpGov: opinions at #EU level seem to be moving in a similar direction, towards #Sustainability , while the #OECD sees issues around trust in business as crucial to the debate pic.twitter.com/eXvHXL1kfF

— Accountancy Europe (@AccountancyEU) June 26, 2019

Watch their panel here

STAKEHOLDER DEBATE

@AccountancyEU #sustainablecorpgov another question for the panel for town hall debate – what can the accounting profession do to assist disrupt what Boards consider their responsibilities? Finance in business, auditors and accounting trusted advisors to smaller business?

— Paul Druckman (@pauldruckman) June 26, 2019

Some people insist on a unified #standard for sustainabilityreporting by companies. Let us insist on far more corporate sustainable actions and a real #CSR or #SDG behaviour first. #ClimateCrisis #SustainableCorpGov #GRI #IR

— Philip Verhaeghe (@phverhaeghe) June 26, 2019

Watch the Stakeholders’ debate panel and Paul Druckman’s speech now

CONCLUSIONS

In concluding this event @jyotib is underlining the importance of action from all #stakeholders to work together for a #sustainableeconomy . His message: “Never give up!” pic.twitter.com/pkYjd302Su

— Accountancy Europe (@AccountancyEU) June 26, 2019

Trust is broken and regulation seems necessary to make businesses drivers of sustainable prosperity – what I keep from this exciting debate today! #SustainableCorpGov @AccountancyEU

— Eleni Kanelli (@EleniKanelli) June 26, 2019

Great debate regarding #SustainableCorpGov – we need better and more comparable metrics / review of the EU NFI directive under the radar #NFIdirective

— Noemi Robert (@Noemi_Counts) June 26, 2019

WATCH THE FULL EVENT VIDEO

Speakers:

7:47 Moderator, Jyoti Banerjee, Partner, Fronesys
12:53 Olivier Boutellis-Taft, CEO, Accountancy Europe
47:36 Professor Mervyn King, Chair Emeritus of the IIRC and GRI
54:43 Salla Saastamoinen, Director, Directorate-General for Justice and Consumers, European Commission
1:02:33 Xavier Leflaive, Principal Administrator, OECD
2:11:54 Florence Bindelle, Secretary General, EuropeanIssuers
2:16:28 Michel de Fabiani, Chairman of the Policy Committee, ecoDa
2:27:04 Aleksandra Palinska, Senior Regulatory Policy Advisor, EFAMA
2:34:55 Andrew Hobbs, Partner, EMEIA Public Policy Leader, EY
2:40:04 Sebastien Godinot, Economist, WWF
3:06:21 Paul Druckman

#SustainableCorpGov

Draft Programme

12:30 - 13:30

Registration & light lunch
13:30 - 14:00

Corporate governance - A driver of a sustainable economy

Keynote presentation of accountancy Europe thought-leadership paper:

Olivier Boutellis-Taft, CEO, Accountancy Europe
14:00 - 14:10

From Chief Finance Officer to Chief Value Officer

Professor Mervyn King, Chair Emeritus of the IIRC and the Global Reporting Initiative
14:10 - 14:45

Policy Makers’ response

Salla Saastamoinen, Director, Directorate-General for Justice and Consumers, European Commission

Xavier Leflaive, Principal Administrator, OECD
13:50 - 13:50

Coffee Break
15:00 - 16:10

Stakeholders Debate

Moderator Jyoti Banerjee, Partner, Fronesys

Florence Bindelle, Secretary General, EuropeanIssuers

Michel de Fabiani, Chairman of the Policy Committee, ecoDa

Aleksandra Palinska, Senior Regulatory Policy Advisor, EFAMA

Andrew Hobbs, Partner, EMEIA Public Policy Leader, EY

Sebastien Godinot, Economist, WWF
13:50 - 13:50

Way Forward

Paul Druckman
16:20 - 13:50

Thank you

Olivier Boutellis-Taft, Accountancy Europe
13:50 - 13:50

Networking Cocktails