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Centre for Corporate Governance and Sustainability

Shared Prosperity: The Role of Investors in Addressing Inequality

Free

The SFU Centre for Corporate Governance and Sustainability, the United Nations-supported Principles for Responsible Investment (PRI), and SHARE (Shareholders Association for Research & Education) hosted a special learning and networking event on the topic of “Sharing Prosperity: The Role of Investors in Addressing Inequality.”

The unequal distribution of economic benefits across society has become a headline political and economic issue. In 2015, the United Nations laid out a set of 17 Sustainable Development Goals to focus the world’s attention on the need for equitable and sustainable development. In developed economies investors continue to express concern that high pay leads to risky behaviour and outsized rewards for a few while stagnating standards of living built on low pay strategies are undermining economies. This dialogue event explored how long-term investors such as pension funds are grappling with the challenges of economic inequality and addressing the opportunity of shared prosperity.

Please read this Beedie Newsroom article for a detailed summary of the event: http://beedie.sfu.ca/newsroom/2017/03/beedie-hosts-panel-event-on-role-of-investors-in-addressing-inequality/

Panel Speakers

Jason Milne

JASON MILNE, VICE PRESIDENT, CORPORATE GOVERNANCE & RESPONSIBLE INVESTMENT, RBC GLOBAL ASSET MANAGEMENT

Jason joined the private client department of Phillips, Hager & North Investment Management in 2000 and took on the role of Corporate Governance Analyst two years later. He assumed his current role in 2008 when PH&N was acquired by RBC GAM and is now part of the Corporate Governance & Responsible Investment Group within RBC GAM. The Corporate Governance & Responsible Investment Group oversees all of RBC GAM’s activities related to corporate governance and responsible investment including the more formal integration of Environmental, Social and Governance (ESG) factors into the investment process, proxy voting policy and execution and the development of a more formal program to engage on ESG issues with the companies in which we are invested. Prior to joining the firm, he worked in the corporate finance department of a national brokerage firm and as a mutual fund accountant. Jason is currently the chair of the board of the Responsible Investment Association of Canada (RIA Canada)..

Lisa Nathan

LISA NATHAN, SHAREACTION – UNITED KINGDOM, CAMPAIGNS MANAGER

Lisa joined ShareAction in October 2013. She supports ShareAction’s research and campaign work on the Living Wage. She previously worked for a global union federation in Switzerland and on a number of campaigns for economic and social justice in the United States. She holds a BA with highest honours in Peace and Conflict Studies from the University of California, Berkeley.

Stephanie Bertels

KATHERINE NG, HEAD OF ACADEMIC RESEARCH, PRINCIPLES FOR RESPONSIBLE INVESTMENT (PRI)

PRI’s academic research program aims to engage and inform investors with evidence and insights on ESG issues that are thought-provoking, analyse current thinking and future trends, and provides practical recommendations. It seeks to bridge the gap between the academic and investor communities. She managed the Research and Insights programme at ACCA, developing, commissioning and communicating research to stakeholders around the world. She was previously an academic researcher working on European Commission funded projects on science and society, and understands the value of research to inform policy development. Katherine has a solid background in the academic field with 15 years’ experience in policy and research.

Shannon Rohan

SHANNON ROHAN, DIRECTOR OF RESPONSIBLE INVESTMENT, SHAREHOLDER ASSOCIATION FOR RESEARCH AND EDUCATION (SHARE)

Shannon is a responsible investment professional with a focus on helping institutional investors devise and implement responsible investment policies and practices. Her principle area of expertise is devising shareholder engagement approaches for mission-driven investors. She has worked with SHARE since 2006. Shannon has a Masters in International Affairs from the Norman Paterson School of International Affairs and a BA from SFU. She brings over ten years of experience working in the area of responsible investment and corporate responsibility in Canada and internationally.

Damon Silvers

DAMON A. SILVERS, DIRECTOR OF POLICY AND SPECIAL COUNSEL, AFL-CIO

Damon joined the AFL-CIO as Associate General Counsel in 1997. Mr. Silvers serves on a pro bono basis as a Special Assistant Attorney General for the state of New York and is a Senior Fellow forthe Roosevelt Institute. He is a member of the Investor Advisory Committee of the Securities and Exchange Commission, the Treasury Department’s Financial Research Advisory Committee, and the Public Company Accounting Oversight Board’s Investor Advisory Group. Mr. Silvers is also a Roosevelt Institute Fellow and a member of The Century Foundation’s Board of Trustees.

From 2008 to 2011, Mr. Silvers served as the Deputy Chair of the Congressional Oversight Panel for TARP. Between 2006 and 2008, Mr. Silvers served as the Chair of the Competition Subcommittee of the United States Treasury Department Advisory Committee on the Auditing Profession and as a member of the United States Treasury Department Investor’s Practice Committee of the President’s Working Group on Financial Markets.

Mr. Silvers led the successful efforts to restore pensions to the retirees of Cannon Mills lost in the Executive Life collapse and the severance owed to laid off Enron and WorldCom workers following the collapse of those companies. He served from 2003 to 2006 as pro bono Counsel to the Chairman of ULLICO, Inc. and in that capacity led the successful effort to recover over $50 million related to improperly paid executive compensation.

Mr. Silvers received his J.D. with honors from Harvard Law School. He received his M.B.A. with high honors from Harvard Business School and is a Baker Scholar. Mr. Silvers is a graduate of Harvard College, summa cum laude, and has studied history at Kings College, Cambridge University.

Moderator

Stephanie Bertels

STEPHANIE BERTELS, DIRECTOR, CENTRE FOR CORPORATE GOVERNANCE AND SUSTAINABILITY, BEEDIE SCHOOL OF BUSINESS, SFU

Stephanie studies how organizations make the transition towards sustainability by undertaking practitioner informed research on sustainable operations, embedding sustainability and sustainable innovation. Stephanie founded and leads the Embedding Project, a collaborative initiative between researchers and practitioners working to embed sustainability. She also brings together companies from across industries, helping them learn from one another and to understand their own sustainability journeys. Stephanie has developed an online knowledge portal featuring a curated selection of the most relevant tools and resources to help practitioners everywhere more effectively embed sustainability into their organizations. Stephanie teaches courses in managing innovation and change; sustainable operations; and managing for sustainability in both the undergraduate and MBA programs. She has a BSc in Geological Environmental Engineering, a MSc in Petroleum Engineering and a PhD in Strategy and Global Management and Sustainable Development. She has also worked in industry as an environmental engineering consultant with Golder Associates.