John Cusack to be a Panelist at the 4th Annual Summer in the City CSR Investing Summit, 20 July 2016

Mr. Cusack will be joining two distinguished panelists on a panel about  “Can Non-Financial Data be “Material” under the Legal (SEC) Definition?” at the CSR Investing Summit being held at Thomson Reuters Building in NYC.  The panel moderator will be Himani Phadke, Director of Research, SASB, and the panelists  will  also include David Hackett of Baker & McKenzie, and Francis H. Byrd, CEO of Byrd Governance Advisory.  They will discuss how NGOs such as SASB and CDP have designed frameworks for structuring non-financial data and information into the environmental, social, and governance pillars of ESG, and how ESG data be considered material under the the existing and proposed SEC guidelines on non-financial data. The panel will discuss what this means for institutional investors, small investors and corporate financial reporters, and will this information be sufficient to meet the “prudent investor” disclosure test to address both investor risks and rewards (first described by Judge Samuel Putnum in 1830: “Those with responsibility to invest money for others should act with prudence, discretion, intelligence, and regard for the safety of capital as well as income.”, and later in the Uniform Prudent Investor Act adopted in 1992 by the American Law Institute’s Third Restatement of the Law of Trusts, to reflects a “modern portfolio theory” and “total return” approach to the exercise of fiduciary investment discretion.)  We may also discuss how SEC disclosure rules may need to encourage more forward-looking disclosures of ESG risks than just backward-looking prior financial and ESG performance results disclosure.

 

Thanks to the summits many sponsors for inviting Mr. Cusack, and especially the organizer of the Summit, Gregg Sgambati, ESG Solutions Managing Director, Head of ESG Solutions, at S-Network Global Indexes, Inc.

 

 

 

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