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CFA UK REPORT
Free continuing education though he said it is not for replace current PCR, Helmut Management. He gained an
event for every member the government to decide if Henschel, on 1 September. MBA from the Thunderbird
Each member will receive investors engage with a “I’m delighted to have School of Global
free entry to any one of our company or not. This is for been elected as the PCR for Management and has been a
£15 events when they pay the client to decide. EMEA West and look member of the society since
their membership fees for Those investors who do forward to taking up my it was founded in 2000. He
the new year starting in July, engage companies are faced responsibilities later this was awarded his CFA charter
as the society strives to make with what Jenkins calls a year,” he said. “I expect the in 1992.
membership more valuable. ‘governance paradox’: they are next two years will bring
We recently reduced the often unwilling to vote down many interesting challenges
members’ price for evening the board because they are and this is an excellent
and lunchtime events from cautious, shy of controversy opportunity to work closely
£25 to £15 per event. We and they fear losing contact with societies and support
have also added an with resentful managers. This member interests.”
additional member benefi ts results in some boards not Joski is an active volunteer
area to the members’ area of listening to their concerns. for CFA UK where he serves
our website and we are keen However, it is the asset on both the Board and the
to extend what we offer our manager’s responsibility to Executive Committee. He is
members. If there are maximise client returns and also the chairman of the
additional benefi ts you it would be a good thing for Marketing and
would like the society to the profession and industry Communications Committee.
consider then please email more generally if boards were His term on the Board will
info@cfauk.org with to listen to the agents of end in November.
‘Member Benefi ts’ as the their owners. For this to “It has been a pleasure to CFA UK helps Sustainable
subject. happen there have to be serve on the CFA UK board. Harvest International
consequences if a board The past several years have A donation of seedlings has
Jenkins calls for doesn’t listen, said Jenkins. been interesting and been made to Sustainable
professional body to “And they will not believe insightful and I intend to Harvest International on
engage there will be consequences continue working with the behalf of CFA UK. The
The asset management until they have seen that society on a committee level.” donation was made by
industry should put a body there could be,” he said. Joski has worked as Votenet Solutions, to
on the street when For this purpose, Jenkins managing director at hedge recognise the efforts of CFA
engagement fails, says Robert said that a body to engage fund manager Broadmark UK members to reduce their
Jenkins, chairman of the with company boards should Asset Management and as use of paper by completing
Investment Management be formed so that future chief operating offi cer at our AGM voting online. The
Association (IMA). engagement might better fund of hedge funds seedlings have been given to
Speaking to CFA UK succeed. “Voting directors manager Fortune Asset impoverished farming
members in May, Jenkins said down is likely to do more families in Central America,
that investors had failed to good for governance than and Sustainable Harvest
hold boards to account and all the code revisions in International will provide the
shareholders should vote the realm.” training and support to make
down directors of companies the trees an integrated part of
they judge to be poorly run. Joski takes PCR role their farms.
“Boards don’t own the Tom Joski, CFA, has been As the trees grow, they will
companies in which we elected to the post of prevent erosion, provide food
invest,” he said. “Our clients president’s council and income for the families
own the companies in which representative (PCR) for and help to restore the rain
we invest. It is not the boards’ EMEA West at CFA Institute. forest. CFA UK would like
money. It is our clients’ As PCR, Joski will facilitate to thank our members for
money.” communication between helping to save paper and to
He applauded investors societies in the EMEA West create this lasting legacy of
who vote with their shares region and the CFA Institute poverty alleviation and
and not with their feet, board of governors. Joski will Tom Joski environmental protection.
WWW.CFAUK.ORG PROFESSIONAL INVESTOR 49
48-4948-49 CFA UK.indd 49CFA UK.indd 49 1/6/091/6/09 12:09:1312:09:13Professional Investor Summer 09.51 51 4/6/09 15:41:03
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