This is an important development, as ESG is the focus of a quarter of the questions raised at general assemblies and half the resolutions submitted by shareholders. Grant Thornton member firms around the world deliver services to clients. International Institutions and Global Governance Program. Board gender diversity has been an area of focus in the UK for the past ten years and has achieved significant success as evidenced by the November 2019 Hampton-Alexander Review, which reported that women comprise 32.4 percent of directors in the FTSE 100 and 29.6 percent of directors in the FTSE 250. Launched in 2010, the Global Governance Programme aims to build a community of outstanding professors and scholars, produce high level research, engage with the world of practice through policy dialogue, and contribute to fostering present and future generations of policy makers. They have identified specifically a decline of general support from several governments. Sind Sie als Kunde mit der Bestelldauer des ausgewählten Artikels im Einklang? Global efforts at dealing with the crisis – through the international financial institutions as well as development organizations – will thus depend yet more than in the past on Chinese engagement, which will require giving China a greater say than Western countries have been prepared to accept in the past. endobj In 2020, boards will begin to experience additional pressure to consider ethnic and racial diversity. Needless to say, many private businesses suffer heavily from the downturn in economic activity as a result of measures to stop the spread of the virus. The Global Governance Programme. Greater focus on the E&S of ESG. There arguably has also been an expanded norm of recognizing civil society participation as necessary for IGO legitimacy, pressing institutions to change. 3. Investors expect more rigorous board assessments to be conducted, with an independent assessment every two or three years. In accordance with the power and interests of the United States, there was a dramatic expansion of formal structures of multilateralism following the Second World War, accompanied by a trend of codifying customary international law. They are in many ways marginal to central decision-making, diplomacy and negotiation in formal intergovernmental organizations (IGOs). Wie gut sind die Rezensionen? Governance issues such as board quality, composition and director overboarding will continue to be of significant concern to institutional investors. Separation of the board chair and CEO roles is generally considered good governance practice in most European countries. Companies facing wider forms of activism. In Spain, investors will begin to exercise their vote on non-financial reporting. As we noted last year, corporate culture and HCM will continue to be a key focus of major institutional investors. Compared to other markets globally, the UK has been at the forefront of tackling sustainability issues using regulatory methods and endorsing frameworks such as the TCFD. 2014. Pressure for auditor reform and heightened expectations for audit committees will be an important area for boards to monitor. All content on the website is published under the following Creative Commons License, Copyright © — E-International Relations. For others, more significant changes to existing practices are required, for example, in Germany around shareholder voting on remuneration. This focus, combined with public pressure for CEOs to engage on social and political topics (e.g., immigration, gun control, gender pay equity), will require boards and CEOs to ensure public positions align with business strategy before public pronouncements are made by a CEO. In the UK, it will be as a consequence of the Parker Review. Does TikTok actually present a national security risk? Indeed, many of the key global trends for 2020, […] However ‘liberal’ the current structure of global governance is, it is likely to become less so. Mobility in crisis: can global governance get the world moving again? As China demands greater influence and the US seeks to protect its own position, gridlock is a likely outcome. One crucial global public good is catastrophic […] Since the millennium, the creation of new international organizations and the conclusion of new treaties on important issues have stagnated. Defining corporate purpose has been a key trend in Europe over the last several years and will continue to spread in 2020. Board ethnic and racial diversity. Your donations allow us to invest in new open access titles and pay our But not all representatives of NGOs in the UN ecosystem expressed experiencing a shrinking of civil society space. Impact of SRD II. Pressures for board oversight of corporate culture and HCM have been reinforced in the United States by the SEC’s proposal for new HCM disclosure requirements. These six trends, when combined, could be dangerous for the structure of global governance as we know it. Since 1950 there has been an expansion of institutionalized opportunities for civil society participation in multilateral organizations (Tallberg et al 2014), though not in a uniform way, and not to the same extent across all subjects of governance. Tallberg, Jonas, Thomas Sommerer, Theresa Squatrito, and Christer Jönsson. Before you download your free e-book, please consider donating to 2 0 obj Synopsis: The COVID-19 pandemic is likely to have serious domestic and international political consequences and to exacerbate existing trends to reshape the landscape of international and transnational institutions. The hard part will be delivering on his ambitious agenda. The Netherlands will allow for a binding shareholder vote on the remuneration policy and an advisory vote on the remuneration report. As global governance is itself at risk from the COVID-19 crisis, we need now, more than ever, coalitions of like-minded actors – public and private, from West and East and North and South – to bring us from a path of stagnation and erosion onto one of construction and hope. In some countries, employee shareholder activism around “#metoo” or climate risk has been successful at garnering public attention and impacting management decision-making. Climate change and transitioning to a lower-carbon economy are also top priorities for European stakeholders. Towards stagnation and informality. Boards will need to be able to understand and discuss ESG data—and its impact on key matters such as executive remuneration—with investors. For example, the NGO Liaison position in the US mission to the United Nations (USUN) has not been filled since 2016; a change that has resulted in a perceived drop in general communication with, and fewer open invitations for, civil society organizations to attend meetings and trainings hosted by USUN. Donations are voluntary and not required to download the e-book - your link to download is below. Was bedeutet global governance - Vertrauen Sie dem Sieger unserer Experten. UK boards that have experienced activist engagement in past years have learned that a variety of activist styles exist—from hostile and short-term oriented to constructive and long-term oriented. A number of regulatory changes are underway in the United States and Canada heading into 2020. Molly Ruhlman is professor of political science at Towson University, Maryland. While the formal plans of intergovernmental structures have been designed by sovereign states, private associations have regularly pushed and pulled the architects to the drafting table.