Programme

Programme and Presentations | Attendance | Background
08.30-09.00 Registration and Coffee
09.00-09.30 Welcome Fernando Teixeira dos Santos
 

Fernando Teixeira dos Santos
Minister of Finance, Portugal

Carlos Tavares
Chairman of the Executive Board, CMVM
Antonio Borges
Chairman, European Corporate Governance Institute, Vice-Chairman, Goldman Sachs

Session 1 – Obstacles to Corporate Restructuring
This session will discuss takeover rules and control enhancing mechanisms as possible obstacles to corporate restructuring.

09.30-10.45

Chair
Antonio Borges (Goldman Sachs and ECGI)
Panel
Klaus J. Hopt (MPI Hamburg and ECGI)
João Talone (President IPCG)
Antonio Borges (Goldman Sachs and ECGI)
10.45-11.15 Coffee break

Session 2 – Active Ownership
An increasing number of companies is experiencing direct intervention by previously passive shareholders from the “float”. Do regulators need to become involved?

11.15-12.30

Chair
Luca Enriques (CONSOB and ECGI)
Briefing


Luca Enriques (CONSOB and ECGI)
Julian Franks (LBS and ECGI)
Bernard Black (University of Texas Law School and ECGI)
Judge Huub Willems (Enterprise Chamber, Amsterdam Court of Appeal)

12.30-14.00

Lunch

Keynote Speech

Jörgen Holmquist (Director General, European Commission)

Jörgen Holmquist (Director General, European Commission)  

Session 3 –Private Equity Buyouts
A large number of companies have been bought out by private equity firms and delisted from stock exchanges. Is there a need for regulatory intervention at the European level?

14.00-15.15

Chair
Mats Isaakson (Head of Corporate Affairs, OECD)
Panel

Tim Jenkinson (Said Business School, Oxford and ECGI)
Ronald Gilson (Columbia, Stanford and ECGI)
Per Strömberg (Swedish Institute of Financial Research and ECGI)
15.15-15.30 Coffee break  

Session 4 – Corporate Control and Politics
Corporate control is closely linked to politics. What is the nature of these links? Are they harmful for European integration? Do Member States need to save each other from themselves?

15.30 - 16.30

Chair
Pierre Delsaux (European Commission)

Panel
Manuel Conthe (Former Chairman, CNMV)

Ernst-Ludwig von Thadden (Mannheim and ECGI)

16.30-17.00

Keynote Speech

What Future for the Control of Corporate Europe?

Eddy Wymeersch (Chairman CBFA and CESR)
Eddy Wymeersch (Chairman CBFA and CESR)

17.00-17.20

Summing Up
Marco Becht (ECARES, Université Libre de Bruxelles and ECGI)

 
Paulo Câmara (CMVM)
Gerard Hertig (ETH Zurich and ECGI)
17.20-17.30 Closing Remarks