Corporate Governance in Emerging Markets After Lava Jato: What Lessons Can We Learn from Brazil

The Emerging Markets Investors Alliance

invites members of the investment community

to a reception and discussion

On

Corporate Governance in Emerging Markets After Lava Jato:

What Lessons Can We Learn from Brazil

With

Michael Brodsky, Deloitte Advisory

Stephen Davis, Harvard Law School Program on Corporate Governance

Ric Marshall, MSCI ESG Research

Christian Plath, Moody’s Investor Services

Moderated by

Edgardo Sternberg, Loomis Sayles

On

Wednesday, December 9, 2015

5:30 – 8:00 PM

Speaking portion of the program begins at 5:30 PM. Reception begins at 7:00 pm.

Societe Generale

245 Park Avenue at 46th Street

New York, New York

For speaker biographies and to RSVP, please visit

http://lavajato.eventbrite.com

$20 through November 25 / $40 after November 25.

Attendance will be limited to the first 100 registrants.

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The Event

Brazil’s Lava Jato scandal has brought to the fore issues such as bribery, procurement policies, and corporate controls. The event will use Lava Jato as a launching point to discuss the risks surrounding these issues in emerging markets more broadly. Some questions that will be addressed include: What are the lessons from Lava Jato for investors across emerging markets? How is Brazilian corporate governance changing? What can investors do to encourage stronger corporate governance?

Host Committee Members

Carla Buffulin, AIG Investments

Chulantha de Silva, Credit Suisse AG

Jack Deino

Amelie Derosne, Societe Generale

Larry Ge, DE Shaw & Co.

Richard Katz, Standard Chartered Bank

Eleanore Mapa, CIBC World Markets

Mandeep Manihani, JP Morgan

Lynne Mazin, Commerzbank AG

Patricia Medina, NN Investment Partners

Daniel Shin, UBS Financial Services

Caglar Somek

Aniket Shah, UN Sustainable Development Solutions Network and Investec

Harry Wool, Oppenheimer & Co.

Albert Yuen, Kariba Capital

Corporate Governance Working Group Members

Lauren Compere, Boston Common Asset Management

Steven Heim, Boston Common Asset Management

Michelle Kelner, Sandglass Capital Management

Ric Marshall, MSCI ESG Research

Edgardo Sternberg, Loomis Sayles

Matthew Claeson, Compass Group

Ralitza Germanova, International Finance Corporation

Emerging Markets Investors Alliance

The Emerging Markets Investors Alliance enables institutional emerging market investors to support good governance, promote sustainable development, and improve investment performance in the governments and companies in which they invest.

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SPEAKER BIO'S

MICHAEL BRODSKY, DELOITTE ADVISORY

Mr. Brodsky has over twenty years’ experience providing forensic accounting, investigative, auditing and consulting services. He has extensive experience in investigative, forensic and advisory projects to the financial services industry working with multiple banking and securities, insurance and investment management clients. Mike also has participated in operational/compliance projects and regulatory investigations involving Ponzi schemes, asset misappropriations, financial statement fraud, and potential violations of the Foreign Corrupt Practices Act (FCPA). He is one of our leaders in Deloitte Advisory’s investment management practice and has presented and spoken on fraud, corruption and other risk matters impacting the broader financial services industry.

STEPHEN DAVIS, HARVARD LAW SCHOOL PROGRAM ON CORPORATE GOVERNANCE

Stephen Davis, Ph.D. is associate director of the Harvard Law School Programs on Corporate Governance and Institutional Investors, and a senior fellow at the Program on Corporate Governance. He is also a nonresident senior fellow in governance at the Brookings Institution. From 2007-2012 he was executive director of the Yale School of Management’s Millstein Center for Corporate Governance and Performance and Lecturer on the SOM faculty.

Davis served on the US SEC’s Investor Advisory Committee, where Chair Mary Schapiro appointed him chair of the Investor as Owner Subcommittee. He is a board member and former chair of Hermes EOS, the shareowner engagement arm of Hermes Pensions Management, the UK’s largest retirement fund; co-organizer of the World Forum on Governance in Prague; Member of the World Economic Forum Global Agenda Council on the Future of Long Term Investing; Member of the Contributing Committee of Development Partners International; Member of the advisory board of Cartica Capital; Member of the Private Sector Advisory Group of the Global Corporate Governance Forum; and member of the advisory boards of the Centre for Corporate Governance in Africa at Stellenbosch University and the Center for Corporate Governance at Handelshochschule Leipzig. Davis is President of consultant Davis Global Advisors and founder-editor of the Global Proxy Watch newsletter.

Winner of the 2011 ICGN Award for Excellence in Corporate Governance, Davis co-authored The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda (Harvard Business School Press, 2006), which was named by the Wall Street Journal, Financial Times and Australian Financial Review as one of the best business books of 2006. The book has been translated into Japanese, Portuguese, Complex Chinese and Korean. He is also the author of Mobilizing Ownership: An Agenda for Corporate Renewal, published by Brookings in May 2012. Davis contributed to Corporate Governance in the Wake of the Financial Crisis (UNCTAD, 2011) and The Origins of Shareholder Advocacy (Palgrave Macmillan, 2011).

Davis co-chaired The Conference Board’s Working Group on Hedge Funds and served on the US National Association of Corporate Directors’ Blue Ribbon Commission on board-shareholder communications. He has testified at US congressional hearings, been a columnist for the Financial Times and Compliance Week, and is a frequent media commentator on corporate governance. He has been named by Directorship as among the 100 most influential figures in corporate governance; by Trust Across America as among the Top 100 Thought Leaders in Trustworthy Business Behavior; and by Competia as among ‘the most influential corporate governance tweeters.’ Davis is a Fellow of the Royal Society for the Arts.

Davis pioneered the field of international corporate governance when he founded the global unit at the IRRC, in Washington, DC. His Shareholder Rights Abroad: A Handbook for the Global Investor (1989) was the first study comparing corporate governance practices in top markets. Dr. Davis is a co-founder of the International Corporate Governance Network, and was its representative to the OECD. Dr. Davis was a member of the UNEP steering group which produced global Principles for Responsible Investment. He co-founded GovernanceMetrics International.

Dr. Davis earned his doctorate in international business and security studies at the Fletcher School of Law and Diplomacy, Tufts University, and completed undergraduate studies at Tufts and the London School of Economics. Other books include Apartheid’s Rebels: Inside South Africa’s Hidden War (Yale University Press, 1987), which was nominated for a Pulitzer Prize.

RIC MARSHALL, MSCI ESG RESEARCH

Ric Marshall is Executive Director specializing in corporate governance at MSCI ESG Research, which acquired GMI Ratings in 2014. Ric was named one of the top individual analysts in corporate governance by respondents to the Thomson Reuters Extel 2013 global survey, who also named GMI Ratings the top firm for independent governance research.

Ric has been a guest speaker and panelist at numerous corporate governance, ESG and responsible investing conferences and meetings throughout the United States and Europe. He has written extensively on the subject of investing in corporate governance and ESG.

In his role at GMI Ratings Ric was the chief architect of the GMI Analyst platform and led the development of GMI's ESG and corporate governance ratings model. Ric has helped design and develop software and database solutions for some of the world's largest asset owners and managers. He has provided training and support in the use and application of ESG, corporate governance and accounting integrity analysis for investment analysts and D&O Liability underwriters all over the world.

Ric has been involved with corporate governance and ESG research full-time since 1996. Prior to the founding of The Corporate Library he was the Chief Information Officer of Lens Investment Management, and worked closely with that firm’s British partner, the Hermes Focus Fund (formerly Hermes Lens). Before this he was active in the fields of computer consulting and computer-based graphic design, and worked as a consultant for The Corporate Library’s predecessors, Lens Investment Management and Institutional Shareholder Services, beginning in 1989.

Ric is a former trustee of Spring Harbor Hospital, a public non-profit psychiatric hospital serving southern Maine, and NAMI Maine, the Maine affiliate of the National Alliance for the Mentally Ill.

CHRISTIAN PLATH, MOODY'S INVESTOR SERVICE

Christian Plath joined Moody’s in August 2005 as a corporate governance specialist. Chris is responsible for publishing corporate governance commentary on selected individual issuers, writing topical research, training Moody’s credit analysts on governance issues, and participating in rating committees across Moody’s various sector teams.

Before joining Moody's in 2005, he was associate director of the Global Corporate Governance Research Center at The Conference Board, an independent business membership and research organization, for three years. In this capacity, he produced research on U.S. and non-U.S. corporate governance "best practices" and helped design education programs on governance for corporate directors and senior executives. Prior to this position, he worked for the Investor Responsibility Research Center for six years, including as director of global corporate governance research.

He holds an M.A. in international relations from Syracuse University, and a B.A. in international affairs from Marquette University.

EDGARDO STERNBERG, LOOMIS SAYLES

Eddy Sternberg is a vice president of Loomis, Sayles & Company and co-portfolio manager for the Loomis Sayles Emerging Markets Opportunities Fund in addition to a suite of products outside the US, and all emerging markets portfolios. He has 28 years of investment industry experience as a fixed income analyst and portfolio manager. Before joining Loomis Sayles in 2005, Eddy was a senior analyst and portfolio manager at Evergreen Investments. He also worked as an investment officer for the Inter-American Investment Corporation and
a development program associate at BASF. He began his career as a credit analyst with Banco
Ganadero Argentino in Buenos Aires, Argentina. Eddy attended the Facultad de Ingenieria, Universidad de Buenos Aires where he received his engineering degree and earned his MBA from the Sloan School of Management at MIT.