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| Announcements:1
January to 31 December 2006 |
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Research
Newsletter focuses on Controlling Shareholders |
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The
second edition of the ECGI's 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. |
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Consultation
and public hearing on EU Action Plan |
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The
Directorate General for Internal Market and Services is organising
a public hearing on future priorities for the Action Plan
on the Modernisation of Company Law and Corporate Governance
on 3 May in Brussels. Antonio Borges, ECGI Chairman, will
deliver the keynote address. The Directorate is also inviting
stakeholders to submit their contributions by 31
March 2006. See: |
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Consultation
document
Press
release on the launch of the Consultation
Programme
for the public hearing
Online
registration for the public hearing
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Business
Register Interoperability Throughout Europe |
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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. |
Overview of the project on the ECGI
website
The
BRITE website |
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Top 10 downloads
in the Working Paper Series |
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By
arrangement with the Social
Science Research Network (SSRN), ECGI Working Papers are
available online free of charge from the SSRN's Financial
and Legal Research Institutes Papers Series. As
at April 2006, the total number of downloads in each series
are: Finance: 101,799 (94,150 last quarter); Law: 47,705 (41,393
last quarter). For the top 10 papers by downloads in each
category, see: |
Top 10 downloads
in the Working Paper Series in Finance
Top 10 downloads
in the Working Paper Series in Law |
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First ECGTN
Summer School in Amsterdam |
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The
Summer School, to be held at the University of Amsterdam from
12-21 June 2006, is organised as part of the Research Training
Network ECGTN funded under the EU’s Sixth Framework
Programme. It aims to build on cutting edge thinking in the
main disciplinary approaches to corporate governance which
are indispensable to understand the nature of corporate governance
systems across the world. The school is intended for doctoral
and post-doctoral students in economics, law and political
science. See: |
Details of
the School and how to apply
Background to the ECGTN |
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Two new ECGI
Board members |
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Two
new Board members were elected at ECGI's General Assembly
to replace two Directors who have resigned owing to their
other commitments. Jaap Winter takes the place of Oscar Fanjul
as a non-academic member of the ECGI Board. Professor Jordi
Canals replaces Professor Mathias Dewatripont as an academic
member of the Board. See: |
The new ECGI
Board
Biography of Professor
Jordi Canals
Biography of Jaap
Winter |
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Debate: “This
House believes that company top executives should be paid
like government ministers” |
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At
the ECGI's fourth General Assembly which took place on Thursday
9 March 2006 at the Swiss Federal Institute of Technology,
Zurich, there was an Oxford Union-style debate on the motion
“This House believes that company top executives
should be paid like government ministers”. The
motion was defeated by a majority of 60 to 21. The debate
can now viewed from this website. See: |
Video clips
of the debate
Rules for
Oxford Union debates and history of the Union |
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2006 Working
Paper prizes awarded |
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The
winners of the 2006 Working Paper prizes were announced at
ECGI's General Assembly held at ETH Zurich on 9 March 2006.
See: |
Winner
of the Egon Zehnder International Prize
for the best paper in either series on company boards and
their role in corporate governance
Winner of the Standard
Life Investments Finance Prize for the best
paper in the Finance series
Winner of the De
Brauw Blackstone Westbroek Law Prize for the
best paper in the Law series
Details
of the three prizes
Terms
of Reference for the prizes |
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The
Theory of Corporate Finance |
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"The
Theory of Corporate Finance" by ECGI Fellow, Jean
Tirole, has just been published by University Presses of California,
Columbia and Princeton. Filling a major gap in the field,
this new book is an indispensable resource for graduate and
advanced undergraduate students as well as researchers of
corporate finance, industrial organization, political economy,
development, and macroeconomics. It has attracted critical
acclaim, notably in the Economist of 9 February. See: |
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Details, an abstract
of the book and how to order a copy online from Blackwells |
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Shareholder
Activism in the United Kingdom |
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Professor
Marco Becht and Professor Julian Franks made a presentation
based on joint work with Professor Colin Mayer and Professor
Stefano Rossi at an evening seminar at the LBS on Thursday
9th February 2006 to launch the LBS Centre for Corporate Governance.
This was followed by a roundtable discussion on the benefits
of shareholder activism. The proceedings of the roundtable
will be published in the Journal of Applied Corporate Finance.
Meanwhile, see: |
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Hail Britannia
– UK Shareholder Activism can get results - a short
report on the independent study
The programme of
the event |
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General
Assembly, open meeting and dinner |
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The
ECGI's fourth General Assembly took place on Thursday 9 March
2006 at the Swiss Federal Institute of Technology, Zurich.
It was followed by a keynote speech "Corporate Governance
and Behavioural Finance" given by Professor
René Stulz and an Oxford Union-style debate
on the motion “This House believes that company
top executives should be paid like government ministers”.
A full report will appear on this website in due course. Meanwhile: |
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A
History of Corporate Governance Around the World |
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'A History of Corporate Governance around the World:
Family Business Groups to Professional Managers Family Business
Groups to Professional Managers' by Randall K s was
published in December 2005 by University of Chicago Press.
It provides historical studies of the patterns of corporate
governance in several countries - including the large industrial
economies of Canada, France, Germany, Italy, Japan, the
United Kingdom, and the United States; larger developing
economies like China and India; and alternative models like
those of the Netherlands and Sweden. See: |
Research project: The Evolution
of Corporate Ownership and Family Firms
Details, an abstract
of the book and how to order a copy online from Blackwells |
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| Click
here for earlier announcements |
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