The power of investor influence in ESG

Wednesday 08 December 2021 | 13:00 - 13:40 | Webinar

This session has been organised by CFA UK's ESG working group

In this panel discussion, speakers will share insights from their analysis on the nature of and outcomes from coordinated engagements by a prominent international network of long-term shareholders cooperating to influence firms on environmental and social issues.

They will discuss their findings which include;

• That a two-tier engagement strategy, combining lead investors with supporting investors, is effective in successfully achieving the stated engagement goals and is followed by improved target performance.
•  An investor is more likely to lead the collaborative dialogue when the investor’s stake in and exposure to the target firm are higher, and when the target is domestic
• Success rates are elevated when lead investors are domestic, and when the investor coalition is capable and influential.

Timings

Registration: 12:55

Event: 13:00 - 13:40

CPD Points: 0.75

Speakers

Dr. Elroy Dimson, FSIP, Centre for Endowment Asset Management, Cambridge Judge Business School

Professor Elroy Dimson, FSIP, chairs the Centre for Endowment Asset Management at Cambridge Judge Business School. His research is on long-horizon investment and responsible investing, and his publications are on active ownership, investment management, endowment strategy, ESG investing and financial history.

His books include Triumph of the Optimists and Global Investment Returns Yearbook 2021 (both with Paul Marsh and Mike Staunton) and Financial Market History (with David Chambers).

Elroy chairs the advisory and policy boards of FTSE Russell. He is on the supervisory council of the Geneva finance research institute, the review board of the CFA Institute, and the investment committee of Caius College, Cambridge.

Dr. Oğuzhan Karakaş, PhD, Senior Lecturer in Finance, Cambridge Judge Business School (CJBS)

Oğuzhan Karakaş is a University Senior Lecturer in Finance at the Cambridge Judge Business School (CJBS). He is also a fellow of the centre for endowment asset management of CJBS, the Cambridge endowment for research in finance of CJBS, and the J M Keynes fellowship in financial economics.

Oğuzhan was an assistant professor of finance at the Carroll School of Management at Boston Xollege prior to joining Cambridge Judge Business School. He received his PhD at London Business School, his MSE at Princeton University, and his BS at Middle East Technical University. He has served as a part time consultant to a hedge fund on establishing trading strategies.

Dr. Xi Li, PhD, Associate Professor of Accounting, London School of Economics 

Dr. Xi Li is currently Associate Professor of Accounting at the London School of Economics and research fellow of Cambridge Judge Business School. She earned her PhD in accounting from the London Business School.

Dr. Li studies financial reporting and disclosure, corporate social responsibility (CSR), and shareholder engagements with a focus on international capital markets. Her studies have been published in leading academic journals in the field of accounting and finance.

Her research papers have won many awards, including first prize in Brandes institute research paper contest, international centre for pension management (ICPM) research award, Moskowitz Prize for socially responsible investing, and the FIR-PRI award for best published research article. Her research findings have been cited by popular media and regulatory documents.

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