Michelle Lowry, Professor of Finance, Drexel University, and ECGI Roni Michaely, Professor of Finance, University of Hong Kong, and ECGI Gaizka Ormazabal, Associate Professor, IESE Business School, and ECGI
Moderators
Mike Burkart, Professor of Finance at the London School of Economics and ECGI Miriam Schwartz-Ziv Assistant Professor of Finance, Hebrew University of Jerusalem, and ECGI
About the event
Investors’ support for environmental and social (E&S) proposals at shareholder meetings has reached new heights in 2021, demonstrating that investors’ support on these issues has become increasingly strong.
In this seminar three separate studies regarding financial institutions’ involvement in promoting ES goals will be presented and discussed. These studies focus on whether and when financial institutions’ funds vote in support of ES proposals, whether they do so when their votes actually make a difference, and whether institutions’ votes contain information on firms’ future risks.
Additionally, the seminar will touch upon the engagements of large financial institutions with respect to reducing corporate carbon emissions around the world, and the impact of such engagements.
ES Votes That Matter, (August 2021).
Roni Michaely, Guillem Ordonez-Calafi, Silvina Rubio
European Corporate Governance Institute (ECGI) - Finance Working Paper 774/2021
