BPP Oversight Committee
The newly created BPP Oversight Committee is the governing body providing (i) an annual independent review of the monitoring of the Best Practice Principles and (ii) an annual independent review of the public reporting of each BPP Signatory. The BPP Oversight Committee’s governance aims to provide confidence in the Principles that underpin the services provided by BPP Signatories. The Oversight Committee will also provide guidance and advice to the BPPG with respect to the operation and development of the Principles.
In accepting the mandate, BPP Oversight Committee members recognise that:
- Shareholder voting research services play an important role in supporting investors’ exercise of their stewardship rights and responsibilities
- The primary responsibility of shareholder voting research service providers is to their investor clients;
- The primary purpose of the Principles and the BPPG is to uphold and protect the responsibilities of BPP Signatories to their investor clients.
| Oversight Committee | 2025 | 2024 |
2023 | 2022 | 2021 |
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Report |
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BPP Oversight Committee Members
The BPP Oversight Committee is comprised of its Independent Chair, Konstantinos Sergakis and six institutional investor representatives, and two public company representatives. The Committee includes a diverse mix of skills, backgrounds, knowledge, experience and geographic locations.
Oversight Committee Chair
Konstantinos Sergakis, Professor and Personal Chair, University of Exeter; (United Kingdom)
Konstantinos Sergakis is a Professor and Personal Chair, University of Exeter. He also serves as Associate Pro-Vice-Chancellor for Global Engagement (HASS) and Director of Centre for European Legal Studies. He specialises in Corporate Law, Corporate Governance and Capital Markets.
He is a Member of the Board of Appeal of the European Supervisory Authorities (EBA, EIOPA, ESMA). He has also served as Advisor at Mefop Spa in the area of stewardship.
He is the author of ‘The Law of Capital Markets in the EU’ (Palgrave Macmillan, 2018) and of ‘The Transparency of Listed Companies in EU Law’ (Bibliothèque de l’Institut de Recherche Juridique de la Sorbonne – IRJS Editions, 2013). His articles have appeared in the Journal of Corporate Law Studies, the European Business Organisation Law Review and the European Company and Financial Law Review, among others.
Professor Sergakis has held Visiting Professorships at the University of Aarhus, University of Alcalá, University of Liechtenstein, LUISS, Sciences-Po Lyon, University of Macerata, University of Trento and Global College of Law at UCLouvain.
Institutional Investor Representatives
Héloïse Courault, Senior Corporate Governance & Stewardship Analyst, BNP Paribas Asset Management; (France)
Héloïse Courault is a Senior Corporate Governance & Stewardship Analyst at BNP Paribas Asset Management, joining from AXA Investment Managers. Her role involves contributing to the definition and implementation of BNPP AM Corporate Governance & Voting Policy, engaging with management and board members on corporate governance issues, and contributing to policy engagement efforts on stewardship-related issues. She also plays a key role in defining BNPP AM Stewardship Policy and engagement framework and coordinating engagement efforts across the firm. Prior to that role, she was co-Head of shareholder advisory firm SquareWell Partners after serving as a senior corporate governance analyst at proxy advisor Institutional Shareholder Services, producing research and voting recommendations on French listed companies for institutional investors.
Her wider industry activity includes memberships to the Stewardship & Corporate Sustainability Workstream of the European Fund and Asset Management Association, the Future Leaders Committee and the EU Policy Working Group of the International Corporate Governance Network, the Investment Committee of Eumedion, and the Stewardship Working Group of the Institutional Investors Group on Climate Change.
She graduated from Sciences Po Strasbourg (France) and holds a master’s degree in Corporate Strategy and Finance.
Glenn Davis, Deputy Director, Council of Institutional Investors; (United States)
Glenn Davis is deputy director of the Council of Institutional Investors (CII). He has 25 years of experience in corporate governance, proxy voting and investor protection. His current duties touch strategy, content management, audit matters, policy development and education. For eight years prior to becoming deputy director, Glenn was CII’s director of research, during which time CII adopted policies supporting investor-relevant corporate disclosure and sunset provisions on entrenchment devices. His career began at the Investor Responsibility Research Center and continued at Institutional Shareholder Services before he joined CII as an analyst in 2010.
Glenn serves on the FTSE Russell Policy Advisory Board, the NASDAQ Listings Qualifications Hearing Panel, the Best Practice Principles Oversight Committee and the Broadridge Independent Steering Committee. Glenn is vice chair of the Investor Coalition for Equal Votes, which works to promote long-term alignment between shareholders’ equity ownership and voting power. He co-chaired the Universal Proxy Working Group prior to the SEC’s adoption of a rule giving shareholders full capacity to vote for the combination of board nominees they support.
Caroline Escott, Senior Investment Manager – Sustainable Ownership, Railpen; (United Kingdom)
Caroline leads Railpen’s investment stewardship work globally across £35bn of assets under management.
She is Co-founder and Chair of the $4.5tn Investor Coalition for Equal Votes (ICEV) and the $2.5tn Workforce Directors Coalition (WDC), and a fully accredited professional pension trustee at the Standard Life Master Trust – where she is also Chair of its Investment Committee. She has won various industry awards, including as “ESG Investment Woman of the Year” and “Investment Woman of the Year” and was picked as one of Financial News’ “Top 50 most influential in European Sustainable Finance” and “Top 25 Rising Stars of Asset Management in Europe”. In her spare time, she is Co-Chair of the FCA-supported Vote Reporting Group (VRG) and a Board Director of the Social Market Foundation (SMF), a cross-party think-tank.
Tara – Jane Fraser, Senior Portfolio Manager Responsible Investment Equities, APG Asset Management (Netherlands)
Tara-Jane is a Senior Portfolio Manager Responsible Investment Equities for APG Asset Management and based in Amsterdam. Tara now leads on the integration of responsible investment and stewardship across Equities and is a governance and sustainability issues expert.
She is a member of the Equities Portfolio Construction Group which has oversight over all investment decisions and stewardship efforts. Tara joined APG at the start of 2023 and has 15 years of relevant ESG related investment experience. Tara was appointed as Chair of Eumedion’s Investment Committee in March 2024 and joined the Nominations Committee of the International Corporate Governance Network in September 2024.
Sachi Suzuki, Senior Manager, Investment Stewardship, HSBC Asset Management; (United Kingdom)
Sachi Suzuki joined the stewardship team of HSBC Asset Management in 2021, where she is responsible for engagement and voting at companies across different countries and sectors. She is also responsible for the global proxy voting guidelines and their implementation.
Prior to joining HSBC, she led stewardship activities for Japan and a number of other markets at EOS at Federated Hermes and was responsible for corporate engagement and proxy voting as well as engagement with regulators on public policies. She held the position of co-chair of the Asia Investor Group for Climate Change (AIGCC)’s Engagement and Policy Working Group and an advisory committee member for the Principles for Responsible Investment (PRI)’s engagement initiatives.
Before joining EOS, she was a senior research analyst at EIRIS where she was responsible for assessing companies’ ESG performance. Sachi holds an MSc in Development Studies from SOAS, University of London, and a BA in Economics from Keio University in Tokyo. She holds CFA Institute’s Investment Management Certificate (IMC).
Scott Zdrazil, Principal Investment Officer, Los Angeles County Employees Retirement Association (LACERA)
Scott Zdrazil is Principal Investment Officer at the Los Angeles County Employees Retirement Association (LACERA), which manages US$95 billion in assets in a defined benefit plan and other post-employment benefits on behalf of over 200,00 members and beneficiaries. He leads LACERA’s investment stewardship strategies which aim to protect and promote financial performance, including corporate governance initiatives, financial market policy advocacy, global proxy voting, and investment due diligence and analytics of financially relevant sustainability factors.
He previously chaired the Council of Institutional Investors board and has been named to the National Association of Corporate Directors’ Directorship 100 list. He is a member of the Society for Corporate Governance and currently serves on the International Corporate Governance Network’s Global Policy Committee, the investor Advisory Group to the International Financial Reporting Standards’ (IFRS) International Sustainability Standards Board, and the CFA Institute’s Inclusion Code United States Working Group.
Public Company Representatives
Fabio Bonomo, Head of Corporate Affairs, Enel (Italy)
Graduating summa cum laude in law at the University of Rome “La Sapienza”, Fabio joined the utility Enel, based in Rome, in 1996. Since September 2000 Fabio has held different managerial positions within Enel’s Department of Corporate Affairs and has served as head of the Department since October 2014. Within his duties, he takes part regularly in engagement activities with proxy advisors and institutional investors on corporate governance topics.
From 2005 until 2006 Fabio was a member of the working group set up to assist the Italian Corporate Governance Committee in updating the Italian Corporate Governance Code of listed companies. From July 2017 until December 2020 he assisted the Chairperson of the aforesaid Committee in drafting, together with the members of the technical secretariat and the experts, the 2020 edition of the Italian Corporate Governance Code and the first collection of Q&A aimed at facilitating its application.
Member of the corporate governance committee of Business at OECD (BIAC) since 2018, Fabio has also been a member of the European Issuers policy committee since 2013, the monitoring centre of corporate governance promoted by the European House – Ambrosetti since 2011 and the scientific committee of the Italian Corporate Governance Institute (IGS) since 2010. From 2018 until 2021 he was also a member of the user committee of the Italian central securities depository Monte Titoli.
From 2014 until 2016 Fabio was a lecturer of comparative corporate governance in the course of advanced business law at the University of Rome “La Sapienza”. He is the author of articles regarding company law, corporate governance and capital markets published in professional journals and newspapers, and acts as a speaker at conferences and roundtables on the same topics.
Alia Fazal, Head of Corporate, BP p.l.c
Alia is Head of Corporate Governance at BP p.l.c., one of the UK’s largest listed companies.
Starting her career on the graduate training programme at Ernst & Young in 2003, Alia qualified as a Chartered Company Secretary before moving in-house. Over the past 20 years Alia has built on this foundation with experience working at multiple FTSE 100 companies across a range of sectors including financial services, retail and construction. She has a deep understanding of enhancing operational effectiveness, building high performing teams, and the delivery of governance best practice.
Twice recognised in the Governance Hot100, Alia was named as a ‘Governance Trailblazer’ in 2022 and as an ‘Inspirational Manager’ in 2024. Alia is an active member of the Chartered Governance Institute’s Company Secretary’s Forum, the body for senior UK governance professionals. She is also a member of the institute’s rotating board performance review accreditation panel and was invited to join the judging panel for the institute’s annual awards celebrating excellence in governance.
Alia is a regular speaker at governance events including at the International Corporate Governance Network’s London conference in 2023. Alia has also participated in the UK Parliamentary Liaison Groups (formerly the All-Party Parliamentary Groups) for ESG and for Corporate Governance. In addition, she is active with the GC100 (representing FTSE 100 general counsels and company secretaries) supporting on responses to government consultations on regulatory reform.
Alia is a fellow of the Chartered Governance Institute and holds a law degree from Essex University. She has also completed the Legal Practice Course at the College of Law in London.
Tony Richelieu, Vice President, Corporate Secretary & Associate General Counsel, KB Home
Mr. Richelieu is Vice President, Corporate Secretary and Associate General Counsel for KB Home, a national homebuilder. He joined KB Home in 2004 and has served as Corporate Secretary since 2013. Prior to being appointed Corporate Secretary, Mr. Richelieu served as KB Home’s Assistant Corporate Secretary for nine years. In addition to assisting KB Home with corporate governance, Mr. Richelieu is responsible for general corporate and securities law matters. Prior to joining KB Home, Mr. Richelieu was an associate attorney at Morrison & Foerster LLP (Los Angeles).
Mr. Richelieu also serves on the board of directors of the Society for Corporate Governance and as chair of its Corporate Practices Committee.
Academic Representatives
Evan Epstein, Director, Center for Business Law, University of California College of the Law (United States)
Evan Epstein is the Executive Director of the Center for Business Law, and Adjunct Professor, at the University of California College of the Law, San Francisco. He is a corporate governance expert and has advised founders, executives, directors and investors for over 17 years in Silicon Valley and internationally. He has been retained as an expert in corporate governance litigation both in the U.S. and abroad, particularly involving fiduciary duties of corporate directors.
Evan is also the founder and managing partner of Pacifica Global, a corporate governance advisory firm based in San Francisco, California. Prior, Evan was the Executive Director of the Arthur and Toni Rembe Rock Center for Corporate Governance, a joint initiative between Stanford Law School and the Stanford Graduate School of Business. Evan also serves as a Professor at Pontificia Universidad Católica de Chile Law School, Faculty for the Latino Corporate Director Association (LCDA)’s BoardReady Institute and is a Board Member of the Chile California Council.
In addition, Evan is the creator and host of the Boardroom Governance Podcast and the Boardroom Governance Newsletter. He holds a JD (equivalent) from Pontificia Universidad Católica de Chile and an LL.M. (Master of Laws) in Corporate Governance and Practice from Stanford Law School. In addition, he was part of the exchange program “Cycle du Diplôme” at Sciences-Po in Paris, France.
Dr Anna Tilba, Professor in Strategy and Governance, Durham University Business School (United Kingdom)
Dr Anna Tilba is a Professor in Strategy and Governance at Durham University Business School. She is internationally known for her research into the governance and accountability of UK financial service providers and institutional investor compliance with the codes of best practice. Dr Tilba has extensive experience of working and advising UK policymakers and regulators such as the UK Financial Conduct Authority, the Competitions and Markets Authority, the UK Law Commission and the Financial Reporting Council.
She is co-leading a Diversity and Inclusion sub-group on Data and Research within the UK Pensions Regulator. She is also an Independent Reviewer of Best Practice Principles for Providers of Shareholder Voting Research & Analysis. Dr Tilba is a member of the Advisory Board for the Pension Investment Academy and she is also a Policy Fellow at Cambridge University Centre for Science and Policy.
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