ICGN Governance network appoints new governors

The International Corporate Governance Network (ICGN), a global investor-led network with members representing assets under management in excess of $18trn, has appointed four new governors to its Board.

Following its AGM held in Rio de Janeiro, Brazil, the new appointees are: Philip Armstrong, head of the Global Corporate Governance Forum, USA, Heloisa Belotti Bedicks, CEO of the Brazilian Institute of Corporate Governance, Jon Feigelson, senior managing director, general counsel & head of Corporate Governance, TIAA-CREF, USA, and Philippe Zaouati, deputy CEO at Natixis Asset Management, France.

They succeed four outgoing governors: Arnaud de Bresson, managing director of Paris Europlace; Sandra Guerra, founding partner of Brazilian consultancy Better Governance; Nasser Saidi, executive director of Hawkamah Institute for Corporate Governance in Dubai; and Christy Wood, immediate past chairman of ICGN.

Eight incumbent board governors were re-elected for another one-year term. Incumbents Michelle Edkins and Erik Breen were confirmed as chairman and vice chairman respectively.

Edkins said members of the ICGN were trying as practitioners “to balance the trend to international convergence with the need to recognize the strengths of different cultural and business traditions”.

The new appointments reflect the diversity of interests, organizations and regions. Bedicks and Armstrong bring extensive expertise from emerging markets worldwide, Zaouati has a strong track record in investing on environmental, social and governance criteria, which complements the ICGN’s new education initiative in this field, and Feigelson brings the perspective of a major diversified financial services provider, TIAA-CREF, which will host the ICGN Annual Conference being held in New York City in 2013.

Edkins said the board is well placed to further the mission of the ICGN to promote high standards of corporate governance internationally and to facilitate information exchange through conferences and outreach.


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