【CFA Japan Lunch Seminar Announcement】
Title: Governance, Stewardship & Womenomics: Initiatives and Impact in Japan and Around the Globe
Date: April 15th (Monday), 2019, 12:00-13:00
※Light meal and drinks will be served.
Venue: Room1, FINE TOKYO, 5th Floor, South Tower, Otemachi Financial City, 1-9-7 Otemachi, Chiyoda-ku, Tokyo
(For those who take the subways to come: From Tokyo Metro Otemachi Station, please use the passageway directly connecting to the first basement floor of the building. Then take the South Elevator from the first basement floor or the first floor to the fifth floor.
For those who come from the surface street: Please enter the SouthTower, Otemachi Financial City from FINE TOKYO Entrance that is across the street of Sankei Building. Then take the South Elevator from the first floor to the fifth floor.)
Specialty Focus Areas: Equity investments, Standard, Ethics and Regulations (CE, SER credit eligible)
Speaker: Ms. Tracy Gopal (Founder, Third Arrow Strategies)
Fee: CFA Japan Members, CFA Members of other societies, Associate Members, Professional Members：Free, Candidate Non Members: JPY 2,000, Non-members: JPY 3,000
Governance, Stewardship & Womenomics are key elements of Abe's Third Arrow for economic reform that have resulted in change. However, Japan still lags globally in board independence, diversity, and efficient capital allocation.
ESG (environmental, social, governance) activities were previously considered compliance tasks. However, ESG evaluation is moving to the front office and being considered in the long-term value assessment. For example, promoting women in the workforce/boardroom is no longer only for social purposes. Advocates of diversity believe that diversity mitigates risk and drives better decision-making, innovation, and long-term value.
This presentation will provide an update on recent trends in corporate governance and discuss various initiatives around the globe such as (i) State Street Global Advisors' policy on board gender diversity; (ii) California's Senate Bill 826, which requires publicly-traded companies with principal executive offices in California to have women on their boards; and (iii) Japan's women leadership targets set by the Gender Equality Bureau of the Cabinet Office and GPIF's establishment of the Women's Empowerment Index.
Tracy Gopal is the founder of Third Arrow Strategies, a corporate governance consultancy dedicated to strengthening corporate governance in Japan. She believes that (i) effective governance starts with an independent, well-trained skills-based board of directors; (ii) collaboration between companies and investors presents a win-win situation; and (iii) advancing women in the workforce is critical for innovation, risk management and long-term growth. In addition, she views efficient capital allocation as a critical governance issue associated with driving long-term growth.
Prior to founding Third Arrow Strategies, she worked with Ernst & Young, Giuliani Capital and GCA Savvian (now GCA Global) on financial transactions, including mergers, acquisitions, divestitures, and financial restructurings. She has specific expertise in valuation and developed an industry program for distressed business valuation. Following her career in transactions, she transitioned to the governance field, working with ISS, as the Head of Finance/Accounting Governance Research, where she also worked with the Tokyo team of ISS during proxy season, focusing on transaction-related proposals.
She earned her BA in Economics from the University of Michigan in 1992 and her MBA from the Duke University Fuqua School of Business in 1998. She earned the CFA charterholder designation in 2002 and is fluent in Japanese.