Global Shareholder Stewardship Conference

In light of the remarkable rise of institutional investors’ share of public equity, policymakers in the UK and abroad, especially after the Global Financial Crisis, implored institutional investors to engage with companies to promote long-term performance and social responsibility. These policy views found expression in the enactment of the UK Stewardship Code in 2010, which was quickly exported to 18 countries around the world and advocated at the EU and international level.

The Global Shareholder Stewardship Conference at King’s College London on 23–24 September 2019 was the first event to bring together national, regional, and international standard setters to share experiences, enhance dialogue, disseminate good practice, guide scholarship, and shape future stewardship policy through evidence-based recommendations. The contributors examined national, supranational, and international stewardship principles, institutions’ investment practices, the impact of (soft/hard) regulation on current and evolving stewardship practices and the interaction of private and public actors in generating public policy. They have, therefore, contributed to current corporate governance debates and policymaking at national, supranational and international levels and have informed a wide range of academic and non-academic beneficiaries, including institutional investors, companies, and other stakeholders.

The ultimate goal of the Conference will be to publish a book on Global Shareholder Stewardship: Regulating the Rise of Institutional Investors. The book will contain in-depth jurisdiction-specific chapters on all major jurisdictions which have implemented a stewardship code or principles. It will also examine the possible rise of stewardship in major economies which may in the future adopt a stewardship code or principles. The in-depth analysis in the jurisdiction-specific chapters will be analysed from multiple perspectives and using several methodological approaches to derive some fresh comparative corporate governance lessons and useful academic theories from this research project.

The conference and wider project were co-sponsored by the Dickson Poon School of Law, King’s College London, the Transnational Law Institute, King’s College London, the British Academy’s Partnership with the Department for Business, Energy and Industrial Strategy, the ESRC Social Science Impact Fund and the European Corporate Governance Institute (ECGI).

Organisers:

Dionysia Katelouzou, Senior Lecturer Dickson Poon School of Law, King’s College London; and

Dan Puchniak, Associate Professor, National University of Singapore, Faculty of Law.

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