http://www.ecgi.org/rss/news.xml RSS feed of the European Corporate Governance Institute (ECGI) Wed, 25 Nov 2008 22:29 GMT en-us http://www.ecgi.org/assets/logos/ECGI fonts only.gif http://www.ecgi.org/index.htm The Centre for Corporate and Commercial Law, Cambridge and the ECGI will host a one-day conference on Monday 12th January 2009. With large UK companies typically characterised by a separation of ownership and control, the conference will explore what explains the British pattern, how UK equity markets evolved over time, what impact regulation has had on the development of British publicly traded companies, how corporate ownership and control has evolved elsewhere and whether a divorce between ownership and control will continue to be a hallmark of corporate governance going forward. http://www.ecgi.org/conferences/3cl_jan2009/flyer.pdf Wed, 25 Nov 2008 22:29 GMT Conferences Corporate Ownership and Control In the SSRN's inaugural Top Entrepreneurship Research and Policy Network (ERPN) Organizations Ranking, the ECGI has been ranked fourth behind the NBER, Harvard and the World Bank. This ranking is based on downloads of papers classified in SSRN's ERPN eLibrary and includes both U.S. and international organizations and will be updated monthly. http://hq.ssrn.com/ Wed, 25 Nov 2008 11:42 GMT Working papers Research Professor Guido Ferrarini, Professor of Business Law and Capital Markets Law, University of Genoa and Vice Chairman of the ECGI made a presentation on this topic at the E.N.G.’s 7th annual senior executive summit in Brussels on Executive Compensation and Benefits, 16-18 September 2008. Research on remuneration practices of FTSEurofirst300 companies is currently being conducted by Professor Ferrarini and Maria-Cristina Ungureanu at the University of Genoa. http://www.ecgi.org/remuneration/documents/ferrarini_presentation.pdf Wed, 1 Oct 2008 14:58 GMT Executive compensation Research Topic pages Following the Oxford Conference in June, two papers have been chosen by the Competition Jury to take part in the final round of this Competition which takes place in Stockholm in December at the same time as the events surrounding the 2008 Nobel Prize ceremony. The presenters of these two papers will attend the Nobel Prize ceremony. http://www.ecgi.org/competitions/rof/stockholm_final.php Tue, 23 Sep 2008 11:47 GMT Best Paper Competition The final conference in the four-year long European Corporate Governance Training Network (ECGTN) programme will be hosted by the IESE Business School, Barcelona from 11-12 September. Papers will be presented by Early Stage Researchers trained under this initiative funded by the European Commission, as well as by participating industry and North American nodes and experienced researchers http://www.ecgi.org/ecgtn/events/barcelona2008/programme.php Tue, 19 Aug 2008 15:16 GMT Training Conferences The fifth conference in the Transatlantic Corporate Governance Dialogue (TCGD) series will take place in Brussels on Tuesday 9th September. The theme is corporate governance standards and financial stability. Charlie McCreevy, European Commissioner for the Internal Market and Services and SEC Commissioner Kathleen L. Casey will make keynote speeches. The conference programme also features two sessions of briefings and concludes with a panel that will discuss regulatory inconsistencies and tensions between Europe and the United States and whether a common approach across the Atlantic is now desirable or achievable http://www.ecgi.org/tcgd/2008/programme.php Thu, 03 Jul 2008 20:22 GMT Transatlantic Dialogue Conferences The papers presented at a Symposium held at the University of Sheffield Management School in June 2007 have been published in a special issue of the Journal of Corporate Finance [14(2008) 163-165]. The Preface to this special issue has been made available courtesy of the publishers, Elsevier. http://www.shef.ac.uk/management/events/cocogo/timetable.html#Symposium Thu, 03 Jul 2008 20:02 GMT Conferences The article which appeared in the 3 May 2008 edition of the Economist in the Business section under the heading "Money spinners; Why German companies should not appoint bankers to the board" draws most of its source material from the paper "Bankers on the Boards of German Firms: What they do, what they are worth, and why they are (still) there" by Ingolf Dittmann, Erasmus University Rotterdam, Ernst Maug, University of Mannheim and ECGI, and Christoph Schneider, University of Mannheim which is just been published in ECGI's Finance Working paper series (No 196/2008) http://www.economist.com/business/displaystory.cfm?story_id=11294226 Thu, 15 May 2008 11:38 GMT Working papers Twelve papers from an entry of over 85 have been chosen by the Competition Jury to be presented at a conference at the Said Business School, Oxford on 11-12 June 2008. Under the rules of the Competition, eight of these will be invited for submission to the Review of Finance fast-track refereeing process, free of charge. Four refereed papers will be invited for presentation to the final round in Stockholm in December 2008. The winning paper will be awarded a prize of €10,000 http://www.ecgi.org/competitions/rof/programme.php Thu, 15 May 2008 11:17 GMT Best Paper Competition The 2008 ECGTN Summer School will take place between 11-15 August at the Universidad Internacional Menéndez Pelayo in Santander. It will provide an introduction on current corporate governance issues from an economic, financial, and legal perspective. The focus will be on issues associated with external financing of firms, managerial discretion, and small investor protection. The Summer School is intended for doctoral and post-doctoral researchers in economics, finance, and law. Participation is compulsory for Early Stage Researchers of the European Corporate Governance Training Network (ECGTN) http://www.cemfi.es/summer_school_uimp/home.asp Thu, 08 May 2008 19:26 GMT Training On 11 April at its 2008 General Assembly held at the IESE Business School, Barcelona, ECGI members approved the nomination of Daniel Lebegue, President of the Institut Francais des Administrateurs, to the ECGI Board. Daniel Lebegue has had a distinguished career in both the public and private sector in France. He replaces Paul Arlman who has stood down after five years on the ECGI Board. A founder member of the ECGI, Paul Arlman has played a significant role in the promotion and marketing of the Institute http://www.ecgi.org/members_directory/member.php?member_id=942 Wed, 16 Apr 2008 09:25 GMT ECGI Board On 11 April at its 2008 General Assembly held at the IESE Business School, Barcelona, the ECGI announced the appointment of five new Fellows of the Institute drawn from academia in Europe and North America. They augment the 21 inaugural Fellows who were nominated in 2002, 6 nominated in 2003 and 5 in 2005 http://www.ecgi.org/news/release_11apr2008.php Tue, 15 Apr 2008 14:15 GMT ECGI Fellows The winners of the 2008 Working Paper prizes were announced at ECGI's General Assembly held at the IESE Business School, Barcelona on 11 April 2008 http://www.ecgi.org/wp/winners_2008.htm Mon, 14 Apr 2008 13:10 GMT Working Paper Prizes Research The fifth edition of the ECGI Research Newsletter focuses on Capital Market Competiveness. It draws on working papers published in the ECGI’s Law and Finance Working Paper series and contains a short report on our recent Transatlantic Corporate Governance Dialogue Conference in Washington DC. http://www.ecgi.org/research/research_newsletter/vol5.pdf Fri, 14 Feb 2008 16:35 GMT Research Newsletter Capital Market Competitiveness Research Transatlantic Dialogue The ECGI's sixth General Assembly will take place on Friday 11 April 2008 at the IESE Business School, Barcelona. It will be followed by a keynote speech "Shareholders access to proxies" by Professor Luigi Zingales, Robert C. McCormack Professor Entrepreneurship and Finance, University of Chicago Graduate School of Business and ECGI Fellow. Members are invited to register to attend the General Assembly, the Annual Lecture and the dinner the preceding night. http://www.ecgi.org/conferences/agm2008/programme.php Tue, 12 Feb 2008 10:35 GMT Shareholders access to proxies Conferences Copies of the presentations given at this year's conference on the theme of "Corporate Governance Standards and Capital Market Competitiveness" are now available. A full report will appear on the TCGD website in the near future. http://www.ecgi.org/tcgd/2007/presentations.php Wed, 10 Oct 2007 12:15 GMT Corporate Governance Standards Capital Market Competitiveness Conferences Transatlantic Dialogue This new competition, organised by the ECGI, the Review of Finance and the Swedish Centre for Business and Policy Studies (SNS), and sponsored by the European Corporate Governance Training Network, the Saïd Business School (SBS) and the Jan Wallander and Tom Hedelius Research Foundation, aims to stimulate researchers to produce and publish outstanding articles in the field of corporate governance. http://www.ecgi.org/competitions/rof/index.php Fri, 21 Sep 2007 16:30 GMT Best Paper Competition This conference which will take place at the campus of Sabanci University in Istanbul from 15-17 November 2007 will debate some key issues regarding corporate governance in emerging markets, including political power and corporate control, the relationship between financial sector development and corporate governance, the role of corporate boards in emerging markets and issues related to enforcement mechanisms. http://www.ecgi.org/conferences/events.php Mon, 13 Aug 2007 16:15 GMT Emerging Markets Conferences The theme of the 2007 Conference is "Corporate Governance Standards and Capital Market Competitiveness". This free all-day conference co-sponsored by the American Law Institute and the ECGI will take place on Tuesday, 9 October 2007 at the U.S. Securities and Exchange Commission in Washington D.C. Keynote speeches will be made by SEC Chairman Christopher Cox and CESR Chairman Eddy Wymeersch. http://www.ecgi.org/tcgd/2007/programme.php Wed, 25 Jul 2007 11:00 GMT Corporate Governance Standards Capital Market Competitiveness Conferences Transatlantic Dialogue The Centre for Corporate Governance at the London Business School and the European Corporate Governance Institute are organising a conference sponsored by the Economic and Social Research Council on Monday, 3 September 2007. The conference will analyse current trends in the corporate governance debate. Attendance at this academic conference is restricted. The registration deadline for eligible delegates is 5 August 2007. http://www.ecgi.org/conferences/lbs2007/call.pdf Mon, 23 Jul 2007 12:23 GMT Conferences Corporate Governance The Comissão do Mercado de Valores Mobiliários (CMVM) and ECGI are organising a free one-day conference in Lisbon on Wednesday, 17 October 2007 to examine the challenges facing corporate Europe. Topics to be covered include Obstacles to Corporate Restructuring, Private Equity Buyouts, Active Ownership and Corporate Control and Politics. http://www.cmvm.pt/NR/exeres/3836E1E7-BEDE-4907-92BE-7E12BFE212BC.htm Tue, 17 Jul 2007 09:35 GMT Private Equity Corporate Control Conferences Active Ownership The fourth edition of the ECGI Research Newsletter, focuses on the topical issue of hedge funds and shareholder activism. It features a digest of six working papers on the topic from ECGI's two Working Paper series, interviews with a leading academic and two practitioners, and a review of the book Hedge Funds – Risk and regulation. http://www.ecgi.org/research/research_newsletter/vol4.pdf Wed, 04 Jul 2007 06:30 GMT Hedge Funds Shareholder activism Research Research Newsletter The Copenhagen Business School and the European Corporate Governance Institute are organising a free all-day conference on 18 September 2007 to take stock of the issues of surrounding control enhancing mechanisms and their economic impact at the European level and in international comparison. The conference will use the European Commission's recently published study (see below) as the basis for discussion. http://www.cbs.dk/forskning_viden/konferencer/cem Fri, 29 Jun 2007 16:45 GMT Control Enhancing Mechanisms One share One vote Conferences A video recording of the Oxford Union-style debate on the motion “This House believes that long-term shareholders should have double voting rights” proposed by Bertrand Collomb, Chairman of Lafarge and opposed by Guy Jubb, Head of Corporate Governance, Standard Life Investments is now available. The motion was defeated by 55 votes to 13 with 3 abstentions. http://www.ecgi.org/conferences/agm2007/video/index.php Thu, 21 Jun 2007 12:00 GMT General Assembly Voting rights Oxford Union-style debate The European Commission has published an external study on the question of proportionality between ownership and control in EU listed companies. The study was carried out by Institutional Shareholder Services Europe (ISS Europe), the European Corporate Governance Institute (ECGI) and the law firm Shearman and Sterling LLP. http://www.ecgi.org/osov/final_report.php Mon, 4 Jun 2007 20:15 GMT Research One share One vote The winners of the 2007 Working Paper prizes were announced at ECGI's General Assembly held at the Institute for Law and Finance, Johann Wolfgang Goethe University Frankfurt on 19 April 2007. The winner of the Egon Zehnder International Prize for the best paper in either series on company boards and their role in corporate governance was Jeffrey N. Gordon, Alfred W. Bressler Professor of Law, Columbia Law School and ECGI for his paper "Independent Directors and Stock Market Prices: The New Corporate Governance Paradigm" (ECGI Law Working Paper No. 074/2006). The winners of the Standard Life Investments Finance Prize for the best paper in the Finance series were Professor Belen Villalonga, Finance Unit, Harvard Business School and Professor Raphael Amit, The Wharton School, University of Pennsylvania for their paper "Benefits and Costs of Control-Enhancing Mechanisms in U.S. Family Firms" (ECGI Finance Working Paper No.131/2006). The winners of the De Brauw Blackstone Westbroek Law Prize for the best paper in the Law series were Professor Marcel Kahan, School of Law, New York University and Professor Edward Rock, School of Law, University of Pennsylvania for their paper "Hedge Funds in Corporate Governance and Corporate Control" (ECGI Law Working Paper No. 076/2006). http://www.ecgi.org/wp/winners_2007.htm Thu, 19 Apr 2007 20:00 GMT Working Paper Prizes Hedge Funds This essay describing the differences in the ownership structure of companies in the three main economies of continental Europe - Germany, France, and Italy - with comparisons to the United States and the United Kingdom by two ECGI Research Associates, Luca Enriques and Paolo Volpin has just been published in the Journal of Economic Perspectives (Vol. 21, No. 1, pp. 117-140, Winter 2007). http://papers.ssrn.com/sol3/papers.cfm?abstract_id=970796 Thu, 05 Apr 2007 11:48 GMT Research Corporate Governance reform Organised by the Center for Financial Studies (CFS) jointly with the European Corporate Governance Training Network (ECGTN), this will take place from 12-19 August 2007 in Eltville (near Frankfurt am Main, Germany) http://www.ecgi.org/ecgtn/events/eltville2007/details.pdf Mon, 02 Apr 2007 16:30 GMT Conferences Training Corporate Governance and Capital Markets The ECGI Board has approved the recommendation of the Research Associates Committee, chaired by Professor Klaus Hopt, Director at the Max Planck Institute of Foreign Private and Private International Law, to appoint 30 new ECGI Research Associates. This brings the number of Research Associates to 82 and the number of Research Members (including ECGI Fellows) to 114. http://www.ecgi.org/members_directory/research_associates_2006.php Wed, 07 Feb 2007 18:30 GMT ECGI Research Associates The third edition of the ECGI Research Newsletter, focuses on the important topic of boards. Some of the themes of the research covered in this newsletter are board structure and the differences between the unitary and two tier models, the dual role of boards as advisors and monitors, and company and board performance in relation to board compensation, gender diversity and the time commitment of independent directors. The research is given context by the views of a leading academic, a partner in a leading executive search firm and a director with both full-time and independent board experience. The featured book on corporate governance and chairmanship is by one of the founding fathers of corporate governance, Sir Adrian Cadbury. http://www.ecgi.org/research/research_newsletter/vol3.pdf Thu, 18 Jan 2007 15:00 GMT Boards Research Research Newsletter With the publication of a Working Paper, The Returns to Shareholder Activism Evidence from a Clinical Study of the Hermes U.K. Focus Fund, the ECGI has created a new topic page on Shareholder Activism. http://www.ecgi.org/activism/index.php Mon, 04 Dec 2006 17:34 GMT Research Shareholder activism Topic pages In a consortium led by Institutional Shareholder Services (ISS) and alongside Shearman and Sterling LLP, the ECGI has won a contract to study the proportionality between ownership and control in EU listed companies. http://www.ecgi.org/osov/index.php Wed, 01 Nov 2006 13:08 GMT Research One share One vote The second edition of the ECGI Research Newsletter, focuses on the important subject of Controlling Shareholders. Drawing from six published papers in our Finance and Law Working paper series, it looks at how controlling ownership is evident in some companies and not others and why this has developed over time. http://www.ecgi.org/research/research_newsletter/vol2.pdf Tue, 27 Jun 2006 12:00 GMT Controlling Shareholders Research Research Newsletter The ECGI is a partner in a consortium co-ordinated by the European Business Register, that has successfully bid for, and is currently undertaking, a project under the Sixth Framework Programme of the European Commission. http://www.ecgi.org/brite/index.php Mon, 19 Jun 2006 12:00 GMT Interoperability European Business Register