2014 Millstein Governance Forum
"The State of Corporate Governance"
June 12 & 13, 2014
Columbia Law School in New York City
Thursday, June 12, 2014
11:00AM - 1:00PM - Columbia University Faculty House, Garden Room II (First floor)
MILLSTEIN CENTER ADVISORY BOARD MEETING & LUNCH (Board Members Only)
12:00PM - 1:00PM - Columbia Law School Lobby
REGISTRATION & BUFFET LUNCH (Conference Packets and Name Badges Available)
1:15PM - 3:00PM - Columbia Law School, Room 106 (First Floor)
PLENARY I. THE STATE OF CAPITAL MARKETS
How easy is it for firms, outside the high-tech sector, to raise capital? Are there always "boom and bust" cycles or is there steady, reliable access to capital?
MODERATOR: Harvey Goldschmid, Dwight Professor of Law, Columbia Law School; Former Commissioner, Securities & Exchange Commission
Vedat Akgiray, Professor, Boğaziçi University; Former Chairman, Capital Markets Board of Turkey; Chairman, IOSCO Emerging Markets Committee
Stephen Haddrill, Chief Executive Officer, Financial Reporting Council (FRC)
Chris Ruggeri, Principal, Advisory Group, Deloitte Transactions and Business Analytics LLP
Tom Sansone, CFO & Head of Corporate Development, Gilt Groupe
3:00PM - 3:30PM - Columbia Law School Lobby
3:30PM - 5:15PM - Columbia Law School, Room 106 (First Floor)
PLENARY II: THE STATE OF INVESTORS
Who are they? What are the limits of shareholder power? Where are we now? Too much? Too little? Just right?
MODERATOR: Robert J. Jackson, Jr., Professor of Law, Columbia Law School; Co-Director, Millstein Center
Paul C. Hilal, Partner, Pershing Square Capital Management LP
William McCracken, Director, MDU Resources Group; Former CEO, CA Technologies
Joshua Targoff, Partner, COO, and General Counsel, Third Point LLC
Michael Wissell, Senior Vice President, Public Equities, Ontario Teachers' Pension Plan (OTPP)
5:30PM - 7:00PM - Diana Center at Barnard College, McIntosh Dining Room (2nd Floor)
7:00PM - 9:00PM - Diana Center at Barnard College, Event Oval (Lower Level - LL1)
2014 MILLSTEIN GOVERNANCE FORUM GALA DINNER
"RISING STAR OF CORPORATE GOVERNANCE" AWARD CEREMONY
Presented by Ira M. Millstein, Co-Chair, Millstein Center; Sr. Partner, Weil, Gotshal & Manges and
Milica Brogan, Executive Director, Millstein Center
IRRC INSTITUTE ANNUAL INVESTOR RESEARCH AWARD
Presented by Jon Lukomnik, Executive Director, IRRC Institute
Friday, June 13, 2014
8:00 AM - 9:00 AM - Columbia Law School Lobby
REGISTRATION & NETWORKING BREAKFAST (Conference Packets and Name Badges Available)
9:00AM - 10:45AM - Columbia Law School, Room 106 (First Floor)
PLENARY III: THE STATE OF THE CORPORATION
Can you strategically restructure in the sunlight? Why do certain companies feel pressure to go private?
MODERATOR: Ira M. Millstein, Co-Chair, Millstein Center; Senior Partner, Weil, Gotshal and Manges
Harvey Golub, Chairman, Miller Buckfire & Co., LLC; Former CEO & Chairman, American Express
Martin Lipton, Founding Partner, Wachtell, Lipton, Rosen & Katz
James Millstein, Chairman and CEO, Millstein & Co.; Former Chief Restructuring Officer, U.S. Department of the Treasury
Charles Penner, Partner and Chief Legal Officer, JANA Partners LLC
10:45AM - 11:00AM - Columbia Law School Lobby
11:00AM - 12:15PM
Columbia Law School, Room 103 (First Floor)
BREAKOUT GROUP 1: VALUE FUNDS, HEDGE FUNDS AND PRIVATE EQUITY FIRMS CHANGING STRATEGIES POST-CRISIS
Have investor expectations changed? Are other institutional investors exerting pressure? Will fee structures be changing across the board? What developments can we expect in the next few years?
MODERATOR: Jeffrey Gordon, Richard Paul Richman Professor of Law; Co-Director, Millstein Center; Co-Director, Richman Center for Business, Law & Public Policy
Adam D. Chinn, Partner and Co-Founder, Centerview Partners LP
Christine Gogan, Senior Portfolio Manager, CalPERS
Paul N. Roth, Founding Partner and Chair of the Investment Management Group, Schulte Roth & Zabel LLP
Jeffrey Tabak, Partner & Co-Founder, Private Funds Practice, Weil, Gotshal & Manges LLP
Columbia Law School, Room 106 (First Floor)
BREAKOUT GROUP 2: DIRECTOR INDEPENDENCE vs. THE RIGHT MIX OF SKILLS
Rethinking board composition: Do independent directors always create value for shareholders, prevent value destruction, or reduce risk through oversight? When should the right skill set trump director independence?
MODERATOR: Douglas Chia, Assistant General Counsel & Corporate Secretary, Johnson & Johnson; Chairman Elect, Society of Corporate Secretaries and Governance Professionals
Leslie Brun, Chairman, Broadridge Financial Solutions; Non-Executive Chairman, Automatic Data Processing
Reatha Clark King, Chair, National Association of Corporate Directors (NACD); Former Chair, General Mills Foundation
Julie Daum, Partner and Co-Practice Leader of the Board and CEO Practice, Spencer Stuart
Ellen Odoner, Partner and Head, Public Company Advisory Group, Weil, Gotshal & Manges LLP
Columbia Law School, Room 107 (First Floor)
BREAKOUT GROUP 3: CORPORATE GOVERNANCE DEVELOPMENTS FROM AROUND THE WORLD
Are we seeing convergence in corporate governance worldwide? If so, is that a good thing, given widely varying markets?
MODERATOR: Stephen Davis, Associate Director, Program on Corporate Governance, Harvard Law School
Alissa Amico, Project Manager, Corporate Governance, MENA Region, Organisation for Economic Co-operation and Development (OECD)
Heloisa B. Bedicks, Managing Director, Brazilian Institute of Corporate Governance (IBGC)
Peter Dey, Chairman, Paradigm Capital Inc.; Fmr. Chairman, Morgan Stanley Canada Ltd.
Cynthia Fornelli, Executive Director, Center for Audit Quality (CAQ)
12:30PM - 2:15PM - Casa Italiana, Teatro (Second Floor)
LUNCH AND KEYNOTE DISCUSSION
The Relationship between Corporate Profitability and Investor Profitability: An Informal Discussion
Presented by Ira Millstein and Russell L. Carson, Co-Founder and General Partner at Welsh, Carson, Anderson & Stowe; Fmr. Chairman & CEO, Citicorp Venture Capital
2:30PM - 3:45PM
Columbia Law School, Room 103 (First Floor)
BREAKOUT GROUP 4: INTERNATIONAL ACCOUNTABILITY AND ENFORCEMENT
Can the current international global governance 'regime' adequately promote and support international rules and standards?
MODERATOR: Mike Lubrano, Co-Founder and Managing Director, Corporate Governance, Cartica Management LLC
Luzi Hail, Associate Professor of Accounting, The Wharton School at University of Pennsylvania
Jonathan G.S. Koppell, Dean of the College of Public Programs and Professor of Public Affairs in the School of Public Affairs, Arizona State University; Author, World Rule: Accountability, Legitimacy and the Design of Global Governance
Daniel Malan, Senior Lecturer in Ethics and Governance; Director of the Centre for Corporate Governance in Africa, University of Stellenbosch Business School (USB)
Stilpon Nestor, Managing Director and Senior Advisor, Nestor Advisors Ltd (UK); Former Head of the Corporate Affairs Division, OECD
Columbia Law School, Room 107 (First Floor)
BREAKOUT GROUP 5: DOING WELL BY DOING GOOD
Is 'doing good' a sustainable business model? What else, if anything, needs to be done to promote corporate citizenship, ethical corporate behavior, and sustainability?
MODERATOR: Ben Heineman, Senior Fellow, Harvard University Schools of Law and Government; Former Senior Vice President for Law and Public Affairs, General Electric
Susan Arnot Heaney, Principal, Susan Arnot Heaney Consulting; Fmr. Executive Director, Corporate Responsibility, Avon Products Inc.
Adam Kanzer, Managing Director & General Counsel, Domini Social Investments LLC
Alice Korngold, President, Korngold Consulting, LLC; Author, A Better World, Inc.: How Companies Profit by Solving Global Problems Where Governments Cannot
Jameela Pedicini, Vice President, Sustainable Investing, Harvard Management Company
Columbia Law School, Room 106 (First Foor)
BREAKOUT GROUP 6: PROXY SEASON UPDATES
Findings from the 2014 Proxy Season and Future Expectations, including whether proxy advisors will have to change their business model to accommodate new advances in technology, big data, or new regulations.
MODERATOR: Kenneth Bertsch, Partner, CamberView Partners LLC
Stephen L. Brown, President & CEO, Society of Corporate Secretaries and Governance Professionals
Maureen Bujno, Director, Deloitte LLP, Center for Corporate Governance
Robert McCormick, Chief Policy Officer, Glass Lewis & Co.
Matthew Orsagh, Director of Capital Markets Policy, CFA Institute
4:00PM - 5:30PM - Columbia Law School, Drapkin Lounge (3rd floor)
CLOSING RECEPTION AND WRAP-UP
What is the state of the capital market today? Investors? Corporations? How have their roles evolved? What can we expect in the future? Are extraordinary developments in recent years causing us to re-think accepted tenets of corporate governance?
Harvey Goldschmid, Dwight Professor of Law, Columbia Law School; Former Commissioner, Securities & Exchange Commission
Jeffrey Gordon, Richard Paul Richman Professor of Law, Columbia Law School; Co-Director, Millstein Center
Robert J. Jackson, Jr., Professor of Law, Columbia Law School; Co-Director, Millstein Center
*Italicized, unbolded names are awaiting final confirmation.
To view panelists' professional bios, please click here.
To register for the 2014 Forum, please click here.