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Environmental Session
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New Horizons: The Move to a low Carbon Economy
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Claude Fussler
Programme Director for Caring for
Climate, UN Global Compact
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Claude Fussler is an expert
in business innovation and issue
management with a focus on sustainable
development and corporate social
responsibility. In 2006, he
received the Cleantech Pioneer
Award in business processes
for eco-efficiency and innovation.
He is the editor of the business
book Raising the Bar published
in June 2004 at the occasion
of Kofi Annan¡¯s Leaders Summit
in New York. In 2002, he coordinated
the business input to the World
Summit on Sustainable development
in Johannesburg and produced
the book Walking the Talk. As
a vice president of Dow Chemical
in Europe, where he worked for
more than 30 years, Claude managed
a number of international business
assignments.
For a number of years he
was vice chairman of the Stockholm
Environment Institute (until
2003) and chaired the European
faculty of the International
Business Leaders Forum seminars
in Salzburg (until 1998). In
1994, he was the recipient of
Tomorrow¡¯s magazine first Environmental
Leadership Award.
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Ahn,
Byong-Hun Professor of
Korea Advanced Institute of Science and
Technology (KAIST)
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Dr. Byong-Hun AHN is a Professor
at the KAIST Graduate School
of Management, an AACSB accredited
school in Korea, which he founded
in 1996. He is also the founding
director of the Center for CSR
within the school.
After earning his Ph.D. in
Engineering Economic Systems
at Stanford University and working
as one of the founding members
of Energy Modeling Forum (EMF)
at Stanford University during
late 70s, Dr. Ahn returned to
Korea and had led many research
and educational efforts in the
areas of energy and environmental
policy, and more recently in
CSR. Professor Ahn published
articles on the global carbon
exchange as early as 1992, participated
at FNCCC's multilateral negotiations,
and also created the ¡°Green
MBA¡± program at his school
in 1998, the first of its kind
in Asia. Many of his research
results have influenced the
energy and environmental policies
of Korea. After having served
as independent directors of
the boards of Korea Gas Corportation,
Korea Developement Bank, DSME
(a global shipbuilding company)
and Auction Corp (eBay's Korean
subsidiary), he became instrumental
last five years or so in motivating
and supporting Korean firms
to adopt the agendas of responsible
business and leadership, and
of sustainable finance. For
these and other educational
activities, Professor Ahn received
the 2006 Faculty Pioneer Award
in the institutional leadership
category from Aspen Institute's
Business and Society Program.
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Roger Raufer
Senior Faculty Fellow, Wharton School,
University of Pennsylvania
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Roger Raufer is an independent
consulting engineer with more
than thirty years of private-sector
experience in dealing with environmental
impacts in the energy sector.
He has worked as a consultant
for the United Nations addressing
environmental issues in China
since 1990, and spent four years
as a Technical Advisor in the
Division for Sustainable Development
at U.N. headquarters in New
York. He has similarly
worked on energy/environmental
projects for the World Bank
and U.S. AID in numerous countries
around the world. Dr.
Raufer holds a Ph.D. in Energy
Management and Policy from the
University of Pennsylvania,
with one of the very first doctoral
dissertations addressing emissions
trading (1984). He has
taught at Penn for more than
twenty years, and is a Senior
Faculty Fellow at the Wharton
School; he also teaches at the
Institut Français du
Pétrole in Paris, and
has done so since 1989. Dr.
Raufer holds degrees in chemical
engineering, environmental engineering,
and political science; and he
is a registered Professional
Engineer in a number of U.S.
states. He has written
two books on the role of emissions
trading in environmental management.
He recently assisted the Hong
Kong Stock Exchange in determining
whether they should become a
carbon exchange.
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Society and Labour Session
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Labour Conditions in Asia: Are investors and businesses on the same page?
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Cho,
Dong Sung Professor of
Business Administration, Seoul National
University (SNU)
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DONG-SUNG CHO is a Professor
of Strategy and International
Business at Seoul National University.
He is concurrently Commissioner
of Korea Trade Commission, the
Republic of Korea. He is Founding
Chairman of the Institute for
Industrial Policy Studies, the
Institute for Policy and Strategy
on Competitiveness, and the
System Integration Technology
Research Institute. He graduated
from SNU in 1971, and received
a doctorate degree in business
administration from Harvard
Business School in 1976. He
was with Boston Consulting Group
and Gulf Oil Corporation before
joining the SNU faculty in 1978.
He was a visiting professor
at HBS, 1983-84; INSEAD, 1985;
Hitotsubashi University, 1992;
the University of Tokyo, 1993;
the University of Sydney, 1994;
University of Michigan, 1996;
Helsinki School of Economics
and Business Administration,
1991-2000; and Duke University,
1998. At these universities,
he taught MBA, doctoral and
executive courses on Corporate
Strategy, International Business
Strategy, Theory of Competitiveness,
Design Management, and Business
in Asia.
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Miki Watanabe Senior Staff at CSR Dept, Fuji Xerox., Ltd
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Miki Watanabe is a senior
staff at CSR Department, Fuji
Xerox Co., Ltd. After she earned
her Bachelor degree in International
Economics at Yokohama National
University, she continued her
education at Johns Hopkins University,
School of Advanced International
Studies where she received her
Master degree in Arts in International
Affairs: Conflict Management
and International Economics,
being recognized as recipient
of SAIS Conflict Management
Program Paper Award.
She began hers career at
the Fuji Xerox company in Tokyo,
where she contributed as Research
Staff and Corporate Planning
Staff in Research Department,
Corporate Research on Management
and Knowledge, and Corporate
Planning Department.
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WILLIAM T. MILLS Managing Member of Highland Good Steward Management, LLC
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Mills is the Managing Member
of Highland Good Steward Management,
LLC. Highland GSM acts as the
Fund Manager for a suite of
socially screened investment
products. He is also a founding
Partner of Highland Associates,
an affiliate company. Highland
Associates provides investment
consulting advice to not-for-profit
entities.
Prior to Highland Associates,
Mills was in the healthcare finance
business, working in the accounting
and finance areas for a number
of healthcare providers, since
graduating from the University
of Louisville in 1973. He is
also an active member of Interfaith
Center on Corporate Responsibility
(ICCR) serving as co-chair of
the Access to Capital Working
Group and a member of the Human
Rights Working Group. Mr. Mills
is also a board member of the
Interfaith Disaster Relief Fund
which is a multi-denominational
group working to provide disaster
relief.
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Governance and Transparency Session
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Good governance and transparency to promote investment stability
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Noke Kiroyan
Managing partner, Kiroyan Partners/PT
Komunikasi Kinerja
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Prior to founding PT Komunikasi
Kinerja in 2007, a consulting
firm specializing in Issue Management,
Reputation Building and Corporate
Social Responsibility, he has
been an international business
executive for over 30 years.
His business career commenced
as management trainee with Siemens
in 1974 ultimately culminating
at the top executive position
as President Director of PT
Siemens Indonesia. Thereafter
he managed Salim Group companies
in Germany, Australia and the
U.S. before returning to Indonesia
to take up the job of Country
Head of Rio Tinto in Indonesia
in September 1997. In 2001 he
was reassigned as President
Director of Kaltim Prima Coal
(KPC), at the time a joint-venture
between Rio Tinto and BP. Following
the sale of KPC in October 2003
he was retained as non-executive
Chairman, Rio Tinto Indonesia
before joining PT Newmont Pacific
Nusantara as President Director
from October 2005 - December
2006.
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Chong San
Lee President, Transparency
International Malaysia/ TI Board Member
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Chong San Lee has served
as Deputy President of Transparency
International Malaysia for the
past five years. Previous to
this he has worked as a tax
analyst and in 1988 he was appointed
the Financial Controller of
the Esso Companies in Malaysia.
His many responsibilities
in this role included overseeing
the company¡¯s ethics and business
practices and ensuring compliance
with company policies. He also
participated in the company¡¯s
contracting practices. After
retiring from ExxonMobil in
2001, he volunteered and worked
in many projects organised by
Transparency International Malaysia.
Chong San Lee was elected
as a Member of the Board of
Directors of TI at the Annual
General Meeting in Berlin, 12-
13 November 2005.
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Wang, Yunjong Vice President of SK Research Institute for SUPEX Management
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Yunjong Wang is Vice President
at SK Research Institute for
SUPEX Management. He is currently
a member of the advisory group
to the President¡¯s National
Competitiveness Council. He
has been formerly Senior Research
Fellow and Director of Center
for Regional Economic Studies
at Korea Institute for International
Economic Policy (KIEP) for 1993-2004.
He graduated from Seoul National
University. He obtained his
Ph.D in economics from Yale
University in 1993. Dr. Wang
has been a consultant and advisor
to Korean government¡¯s numerous
projects and committees. He
has been a Visiting Scholar
to the IMF. He has served as
a consultant to various international
organizations including ADB,
ADBI, UNCTAD and the United
Nations. He served as a co-managing
editor of Asian Economic Papers
(MIT Press) and is currently
serving as an executive editor
of Journal of Asian Economics.
He has published many books
and articles in various professional
journals, mainly focusing on
regional financial arrangements
and integration, new international
financial architecture, and
international finance and trade.
His most recent publication
includes A New Financial Market
Structure for East Asia (co-edited
with Yung Chul Park and Takatoshi
Ito, Edward Elgar, 2005) and
Financial Governance in East
Asia (with co-edited with Gordon
de Brouwer, RoutledgeCurzon,
2004).
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George S. Dallas Director, Corporate Governance at F&C Investmentsr
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George S. Dallas is Director
of Corporate Governance at F&C
Investments in London. He
is a member of F&C¡¯s Governance
and Sustainable Investment team,
where he leads all aspects of
F&C¡¯s global policies relating
to corporate governance, including
proxy voting, remuneration and
engagement matters. He joined
F&C in January 2008, prior
to which he was a Managing Director
at Standard & Poor¡¯s.
Mr. Dallas began his career
as a corporate lending officer
at Wells Fargo Bank before joining
S&P in 1983. At S&P
he served in a range of managerial
and analytical roles, including
head of Governance Services,
head of Global Emerging Markets,
regional head for S&P¡¯s
Ratings Services in Europe and
head of the firm¡¯s London office.
As global practice leader for
corporate governance at S&P,
Mr. Dallas led the development
of S&P¡¯s approach to governance
analysis and built a multinational
team of governance analysts.
He has conducted governance
evaluations on companies across
the globe and contributed to
the formal linking of these
to the overall credit rating
process. He also was actively
involved in the development
of the S&P India index focused
on corporate governance and
sustainability.
Mr. Dallas has written extensively
on corporate governance and
international finance and edited
the book Governance and Risk
(McGraw Hill, 2004). He is member
of the advisory board of Duke
University Global Capital Markets
Center, is a professorial fellow
at Tilburg University in The
Netherlands and a member of
the Investment Advisory Committee
of the Haas SRI Fund at the
University of California at
Berkeley. Mr. Dallas is also
a member of the Corporate Governance
Committee of the Institute of
Chartered Accountants of England
and Wales, and is a member of
European Corporate Governance
Institute and the International
Corporate Governance Network.
Mr. Dallas holds a BA degree,
with distinction, from Stanford
University and an MBA from the
Haas School of the University
of California at Berkeley. He
has dual US/UK nationality and
speaks German and French.
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Reality Check
Session
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Are so-called ¡°best practice¡± approaches to responsible investment and finance applicable to companies operating in Asia?
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Jamie Allen
Secretary General, Asian Corporate
Governance Association, Hong Kong
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Mr. Allen is the founding
Secretary General of the Asian
Corporate Governance Association
(ACGA). He is a published author
and has more than 20 years experience
as a writer, editor and analyst
covering Asian business, finance
and economics from Hong Kong.
Prior to the establishment
of ACGA in mid-1999, Mr. Allen
acted as a consultant for multinational
companies, carrying out customized
research on mainly finance-related
topics, including corporate
governance. From 1992-95, he
worked for the Economist Intelligence
Unit (EIU) as editor of Business
Asia, a regional management
newsletter, and was a contributor
to The Economist magazine from
1994-6. Mr. Allen began his
career the late 1980s as a reporter
for the South China Morning
Post in Hong Kong.
Mr. Allen is a graduate of
the Australian National University,
Canberra, where he received
a BA (Honours) in political
science and Chinese language.
He furthered his Chinese studies
during a two-year period as
a student in Taiwan in the early
1980s.
In May 2006, Mr. Allen was
appointed to the Listing Committee
of the Stock Exchange of Hong
Kong. From 2001 to 2007, he
served on a new advisory committee,
the Public Shareholders Group,
formed by the Hong Kong Securities
and Futures Commission.
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Dennis A.
Johnson Senior Portfolio
Manager, CFA
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Dennis is currently the Senior
Portfolio Manger in charge of
Global Corporate Governance
for the California Public Employees¡¯
Retirement System (CalPERS).
He is responsible for both strategy
and the day-to-day management
of all corporate governance
activities within CalPERS. Dennis
is responsible for the management
of four lines of business which
are CalPERS¡¯ Focus List Program,
global proxy voting, global
corporate governance policies
and CalPERS¡¯ global active
corporate governance investment
strategies. Within CalPERS¡¯
global active corporate governance
investment strategies, Dennis
manages a combination of eleven
external investment managers
worldwide and internal investments
with a total market value of
approximately $7 billion.
Dennis has twenty six years
of experience in the investment
management industry. Prior to
joining CalPERS, he served as
a Managing Director for Citigroup
Global Markets, Inc. Responsibilities
throughout his career include,
the development and management
of proxy voting policies and
guidelines, advising and counseling
clients on corporate governance
and proxy voting policy, and
voting proxies. In addition,
Dennis has extensive direct
experience managing global equity
and global fixed income investment
portfolios, conducting quantitative,
fundamental equity and credit
research as well as equity and
fixed income trading. Dennis
has a B.A. in Economics from
the Virginia Military Institute,
and M.S. in Finance from Virginia
Commonwealth University and
is a Chartered Financial Analyst
(CFA).
He is the Chairman of the
Board of Directors for the Council
of Institutional Investors (CII)
and serves on the Board of Directors
for the National Association
of Corporate Directors (NACD)
northern California Chapter.
Dennis is a member of the CFA
Institute and previously served
on the Virginia Military Institute
Board of Visitors.
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Masaru Arai Director& Principal Executive Officer
Chief Investment Officer at Daiwa Asset Management (DAM)
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Masaru Arai is Chief Investment
Officer at Daiwa Asset Management
(DAM). He joined DAM in 1992.
Prior to joining DAM, he worked
with Daiwa Securities for 20years
where he became specialized
in the global business with
his experience in France, Egypt,
Saudi Arabia and Australia.
Arai has been working closely
as a member of Investor Consultation
Group for the third generation
of GRI Guidelines (G3) and a
Policy Committee member for
FTSE4Good Index since 2005.
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Public
Policy Session
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The public policy challenge: How
to engage with policy makes on environmental,
social and governance (ESG) issues
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Paul Clements-Hunt
Head of Unit, United Nations Environment
Programme Finance Initiative (UNEP FI)
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Paul Clements-Hunt has been
the Head of the United Nations
Environment Programme (UNEP)
Finance Initiative (FI) since
November 2000. UNEP FI, based
in Geneva, is the largest partnership
between the United Nations and
the financial services sector
counting more than 170 banks,
insurers and asset managers
as members. UNEP FI was instrumental
in the 2004-2006 development
and launch of the UN Principles
for Responsible Investment (UNPRI).
The PRI is now backed by close
to 230 institutional asset owners
and managers representing approx.
$13,000 bn in assets under management.
Clements-Hunt was one of the
two lead United Nations representatives
throughout the PRI negotiation
in 2005-6.
In 2007 he was invited to
join the Financial Times (FT)
Sustainability Banking Awards
judges panel and the United
Nations special climate change
panel on finance and investment.
Clements-Hunt is a Board Member
of Sustainable Finance Geneva,
a network of professional finance
executives committed to pushing
forward sustainability practice
amongst the Swiss financial
services sector.
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Chung, Rae Kwon
Climate Change Ambassador of Republic of Korea
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Ambassador Chung is the chief
negotiator for climate change
issues representing the Republic
of Korea. Having studied Economics
at Sung Kyun Kwan University
in Korea, he completed his masters
at Georgetown University in
Washington DC. Since the early
nineties Ambassador Chung has
been involved in international
environmental negotiations such
as the Rio Earth Summit in 1992
and inserted compulsory licensing
and transfer of publicly owned
technologies in Agenda 21. He
contributed as a lead author
for an IPCC special report on
technology transfer. He served
at Korean Missions at the UN
and the OECD and as Deputy Director-General
for Environmental Affairs and
as Director-General for International
Economic Affairs, Ministry of
Foreign Affairs and Trade of
Korea before he joined UN ESCAP(Economic
and Social Commission for Asia
and the Pacific) as Director
for Environment and Sustainable
Development Division.
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Annie S. C. Wu
SBS, JP
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Her entrepreneurial success
story began in 1980 when she
established the first joint
venture between Hong Kong and
Mainland China through a co-operation
arrangement between the Civil
Aviation Administration of China
and Hong Kong Beijing Air Catering
Ltd. Since then, she has
become the Vice Chairman of
over 20 joint venture and catering
companies in China. Annie Wu
is also a recipient of various
awards, which include Silver
Bauhinia Star by the Government
of the Hong Kong Special Administrative
Region of China.
She is an Executive member
of various women¡¯s organisations.
She helped Hong Kong obtain
the membership of the World
Trade Centers Association (WTCA)
in 1976, thereby putting the
territory in direct trade partnership
with 750,000 trade organizations
around the world. She is the
first Chinese to sit on the
board of the Association.
She serves on various Advisory
Bodies, including a Standing
Committee Member of the National
Committee of Chinese People¡¯s
Consultative Conference. She
is also the Chairman of the
Executive Committee of The Chinese
History and Culture Educational
Foundation for Youth and China
Soong Ching Ling Children¡¯s
Foundation.
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Colin Melvin
Chief Executive of Hermes Equity Ownership Services
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As CEO of Hermes Equity Ownership
Services Ltd, Colin Melvin provides
corporate governance, voting
and engagement assistance to
pension funds on assets managed
by third party fund managers.
He is also responsible, as Director
of Corporate Governance for
Hermes Pensions Management Ltd,
for the direction, development
and management of corporate
governance and responsible investment
in relation to Hermes¡¯ equity
shareholdings, directing the
largest corporate governance
resource of any fund management
company.
Mr. Melvin is currently an
active member of various industry
steering groups and committees
including those of the United
Nations Project on Principles
for Responsible Investment,
the Work Foundation Panel of
Inquiry into Work and Enterprise,
the Global Institutional Governance
Network and the Institute of
Directors Professional Accreditation
Committee.
He also chaired the organizing
committee for the International
Corporate Governance Network¡¯s
2005 annual conference, which
attracted over 500 attendees
from 37 countries. He is currently
a member of the ICGN¡¯s standing
committees on executive remuneration,
cross-border voting and shareholder
responsibilities. He has also
founded or led various investor
groups including the Performance
Pay Group and SRI Forum in the
UK and co-drafted guidelines
for corporate disclosure on
social, environmental and ethical
matters, which have been issued
by the Association of British
Insurers. In November 2001,
he set up the Responsible Investors
Network, to facilitate the development
of corporate engagement in this
area.
Previously, Mr. Melvin was
Corporate Governance Manager
and Secretary to the Ethics
Committee at Standard Life Investments
and Head of Corporate Governance
at Baillie Gifford. He is also
a former member of the Advisory
Board to Aberforth Limited Partnership
I, a fund engaged in relational
and active-value investing.
Mr. Melvin joined Hermes
in 2002 and became CEO of Hermes
Equity Ownership Services in
2005. He is an associate member
of the Chartered Financial Analysts
Institute and the UK Society
of Investment Professionals.
He holds an MA from Aberdeen
University and an MPhil from
Cambridge University, both in
History, and a Diploma in Investment
Analysis from Stirling University.
He is currently an Associate
of the Centre for Corporate
Governance Research of the University
of Birmingham.
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