Pauline Vamos

Regnan has called for greater transparency by large corporates about their longer term people strategy in the face of a very disruptive environment. To support this outcome, Regnan has launched a paper to provide guidance to corporates on improving disclosure of issues of material significance related to strategic management of people (human capital).

The preservation of a company’s share value and growth has never depended as fundamentally on effective management of their people as it does today.

Rapid technological change – including advances in automation and artificial intelligence – are reshaping the modern business environment, requiring new organisational and strategic responses.

Regnan considers the ways in which knowledge, skills and abilities are organised to achieve corporate objectives – or, strategic human capital management – to be an increasing determinant of longer term share value, given that it is strategic management of human capital that supports a business in responding to the evolving external risks, threats and opportunities it faces. As such, strategic human capital management is a key underpinning of strategy execution.

Regnan’s CEO Pauline Vamos says, “We hear companies claim that ‘people are our most important asset’ so often that it has almost become clichéd. Yet the reality is that for the majority of companies today, a significant portion of company value is deeply connected to its people. That is, the value created through the knowledge, skills and capabilities that reside in employees, as well as their shared knowledge as a group.”

“However, the true value story of a company’s people is rarely told well in corporate disclosures. Without a fulsome picture communicated to the market, it is likely that company valuations will be misinformed. And this affects the entire investment chain.”

Strategic human capital management represents a significant information gap which can shed light on these risks and opportunities, as well as a company’s future prospects. To date, disclosure in this area has not kept pace with the changing business landscape.

Vamos continues, “Our aim with this paper is to highlight the gap in knowledge of long term investors and provide companies with practical guidance to better communicate with their current and future investors those issues of strategic importance that relate to human capital management.”

Regnan’s paper, Strategic Human Capital: Closing a material gap in corporate disclosure, is available for download

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The Board of Regnan is delighted to welcome Pauline to Regnan as its new CEO. Pauline’s distinguished career in financial services and her lifelong advocacy of best practice corporate governance makes her an outstanding choice to lead Regnan through its next phase of development and at this important time for the investment management industry.

Pauline brings to Regnan over 25 years’ experience in the financial services industry. She has broad leadership experience across a number of organisations, most recently as the CEO of the Association of Superannuation Funds of Australia (AFSA). Pauline is a qualified lawyer and a previous member of the peak advisory and consultative groups on pension and superannuation reform to Government during the last 9 years. Pauline was on the Advisory Council for the Centre for International Finance and Regulation (CIFR), an academic centre of excellence for research and education in the financial sector. Pauline is also a Director of the Banking and Finance Oath (BFO) group, Decimal Software Limited and most recently, Mercer Superannuation (Australia) Limited.

Ms Vamos said, “I am excited to join Regnan and to have the opportunity to make a meaningful contribution to wealth stewardship, through the promotion of thoughtful, long-term and holistic risk management and corporate governance best practices. I look forward to leading Regnan as we continue to advance the responsible investment agenda and be a sensible voice in representing the long term investor. ” Pauline will commence in the role on 10 July 2017.

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