Sehr geehrter Kolleginnen und Kollegen Ich darf Sie herzlich zu untenstehender Veranstaltung von SUERF und der spanischen Wertpapieraufsichtsbehörde zum Thema „Corporate Governance, Executive Compensation and ESG goals<https://www.suerf.org/cnmv2021>“ einladen, die am 11. und 12. November 2021 online stattfindet, einladen. Sie können diese Einladung gerne an Interessierte weiterleiten. Anmeldung hier<https://www.suerf.org/registration/8653/cnmv2021>. Mit freundlichen Grüßen Ernest Gnan Prof Dr Ernest Gnan Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org/> [cid:image002.jpg@01D7BEA9.966634B0]<https://www.suerf.org/cnmv2021> Invitation We have the pleasure of inviting you to the SUERF and CNMV conference on “Corporate governance, executive compensation and ESG goals<https://www.suerf.org/cnmv2021>”, to be held virtually on 11-12 November 2021. Motivation Acting as stewards of the investments of millions of citizens worldwide, institutional investors increasingly take environmental, social and governance (ESG) issues into account when making investments in portfolio firms. Nevertheless, the ultimate success of these investment strategies will depend on the alignment of incentives of corporate managers with the long-term strategies that are necessary to ensure that the delivery of financial performance goes hand in hand with a positive contribution to society. And this will require profound changes to executive compensation. Since the 1990s, there has been much debate about executive compensation practices. Are compensation contracts designed to motivate managers by offering payment for long-term performance or are they the flawed result of malpractice that allows powerful managers to set high rewards for themselves even when other stakeholders are getting reduced shares of the value generated by the firm? This debate is now more important than ever considering the difficulties inherent in designing compensation based on measures of progress in ESG issues. The SUERF and CNMV Conference on “Corporate governance, executive compensation and ESG goals” will contribute to this debate by bringing together an international group of academic researchers, regulators and institutional investors to bear on these issues. CET Thursday, 11 November 2021 • Online via Webex 13:00 13:15 Opening and welcoming address Ernest Gnan, Head of Economic Analysis Division, OeNB and SUERF Jordi Gual, Professor, IESE Business School, Non-executive Chairman of VidaCaixa and SUERF Fellow Keynote Lecture Integrating ESG risks into the prudential regulation for banks José Manuel Campa, Chairperson of the European Banking Authority (EBA) 14:00 Session I Chair: Eudald Canadell Casanova, Director, CNMV Title tbc Amra Balic, Managing Director, Head of BlackRock’s EMEA Investment Stewardship team When Employees have their Say on Capital Structure: Evidence from a quasi-natural experiment María Gutiérrez, Professor, Universidad Carlos III, Madrid Executive compensation challenges for boards - diversity and incentives Patricia Jackson, Non-Executive Chairman SMBC Nikko Capital Markets; BISL Limited Peer v Pure benchmarks in the compensation of mutual fund managers Juan Pedro Gómez, Professor, IE Business School 15:30 End – Day 1 Friday, 12 November 2021 13:00 Opening and welcoming address Rodrigo Buenaventura, Chairman of the CNMV 13:15 Keynote Lecture Overview of recent developments in corporate governance and executive compensation: ESG challenges Claudia Custodio, Professor, Imperial College London 14:00 Session I Chair: Helena Viñes, Commissioner at the CNMV Board engagement in companies’ transformation toward sustainability. Evidence from Italy Carmine Di Noia, Commissioner at CONSOB; Professor, LUISS Business School How can universal owners influence corporate governance: Expectation documents Vicente Bermejo, Professor, ESADE Business School CEO Compensation: Evidence from the field Dirk Jenter, Professor, London School of Economics Sustainable Development Goals and corporate governance: Evidence from the Spanish market Irma Martínez, Professor, Universidad de Oviedo 15:30 End – Day 2 To participate, please register by using the following LINK<https://www.suerf.org/registration/8653/cnmv2021>. Feel free to share this invitation with colleagues who might be interested to attend! We look forward to your participation! www.suerf.org/cnmv2021<http://www.suerf.org/cnmv2021> Program Committee Roberto Blanco, Banco de España I SUERF; Eudald Canadell Casanova, CNMV; Maria Isabel Cambón, CNMV; Ernest Gnan, OeNB I SUERF; Juan Pedro Gómez, Instituto de Empresa; María Gutiérrez Urtiaga, Universidad Carlos III de Madrid; José María Moreno, CNMV. SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&source=g> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf@oenb.at<mailto:suerf@oenb.at>. Disclaimer: You are receiving this e-mail, because you are a Member of SUERF. Privacy Policy<https://www.suerf.org/privacy-policy> I Terms and Conditions<https://www.suerf.org/terms-and-conditions>. 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