The video interview, filmed in September 2020, comes at a time of greater regulatory scrutiny on board governance in the UK and Europe and in particular on value for money and costs and charges. In it, the panel examines what this means for those in the board rooms in London and Luxembourg and, in particular, what this means for the role of the independent director, how that’s evolving and whether directors sitting on boards in both jurisdictions might become more commonplace. They also look at the role of board directors in some of the biggest issues of the day such as ESG and how firms are embedding sustainability into their own businesses.
The video includes the following key areas of discussion:
CSSF’s attitude to board governance (at 2′ 23″)
Changes in board culture in UK and Lux (at 17′ 47″)
Direct interaction with the FCA (at 24′ 52″)
Will AoV come to Europe? (at 26′ 08″)
The role of fund boards in overseeing ESG (at 33′ 38″)
Philip Warland (host)
Philip Warland is Chair of FBC’s Advisory Board and senior advisor to the organisation. He spent the first part of his career in the Bank of England, where he was the Governor’s Private Secretary, Adviser on Oil and Energy and Chief Press Officer amongst other roles. After a brief time with Standard Chartered the rest of his career has been in asset management, first as head of the trade association, now the IA, then with PWC, and a head-hunter Halsey, and finally with Fidelity where he was Head of Public Policy.
Philip’s experience also includes a senior advisor role at Brussels based policy consultant, Kreab. He also was the founding chairman of the Oasis Trust which, amongst other things, manages fifty two City Academies and works in eleven countries worldwide.
Marc Saluzzi (panellist)
Joining PwC in 1986, Marc has accumulated more than 30 years of experience in the asset management Industry in Luxembourg and in the US, becoming the global PWC lead partner for asset management.
Marc has also held prominent roles in the funds industry, including as the Chair of the Association of Luxembourg Fund Industry (ALFI), a post he held from 2011 – 2015. He now serves as a non executive independent director on the Board of Directors of two asset managers and one asset servicer.
Denise Voss (panellist)
Denise Voss is an Independent Non-Executive Director of financial services companies and serves as an iNED on the Boards of flagship funds of major fund promoters based in the US and Switzerland.
Denise is currently Chairwoman of LuxFLAG, an independent agency created in Luxembourg in 2006 to support the financing of sustainable development, by providing clarity for investors through awarding internationally recognised Labels to eligible investment vehicles. LuxFLAG also supports a strong network of Associate Members and key partners and regularly shares information on new developments in sustainable finance. She is also Chairwoman of the EFAMA Investor Education Platform, and was Chairwoman of the Association of the Luxembourg Fund Industry (ALFI) from 2015-2019, a member of the ALFI board of directors from 2007-2019 and is currently a member of the ALFI Strategic Board.