Inside America’s Boardrooms host TK Kerstetter has announced the launch of a new sister webshow designed to narrow the communication gap between institutional investors and corporate boards. Titled the Investors Board Performance Review, institutional shareholders and proxy advisors are given a platform to express what they feel boards are doing well, what needs improvement, and their outlook about what boardrooms can expect in the future. Three investor panels have already been organized for the coming year. Investors participating in the first panel are:
- Michael Garland — Assistant Comptroller for Corporate Governance and Responsible Investment for New York City Comptroller Scott M. Stringer. The Comptroller’s office serves as investment advisor, custodian and trustee to a series of New York City Pension Funds. The Comptroller’s office is best known for its annual published list of companies targeted as recipients of their proxy access shareholder proposal initiative.
- Sean Quinn — Head of U.S. Research and voting recommendation influencer for Institutional Shareholder Services (ISS). The ISS is the largest proxy advisory firm and guides hedge funds, mutual funds, and similar organizations regarding shareholder votes. The ISS covers 13,000 companies, representing over 2 trillion shares.
- Ken Bertsch — Executive Director for the Council of Institutional Investors. The Council is a non-profit association of pension and employee benefit funds that promote the interests of institutional investors in the United States. It has 125 institutional investors as members, whose combined assets exceed $3 trillion.
The Review web show boasts key industry advisors: PwC’s Governance Insights Center, Wilson Sonsini Goodrich & Rosati, and Equilar—all of whom contribute to issue and content development.
On describing the benefits of the web show’s quest to narrow the board/investor communication gap, Kerstetter stressed:
“Key investors who control a significant percentage of U.S. company shares are conveying how they want boards to engage—and what makes certain companies pop up on their radar. Boards in general, but particularly those who are struggling with how to engage shareholders, have a great opportunity to gain candid insight into what their major investors value the most.”
Topics include: Shareholder engagement, diversity, board evaluations and refreshment, capital allocation, cyber risk, risk management and compensation.