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Challenges
for the Control of Corporate Europe |
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The
Comissão do Mercado de Valores Mobiliários
(CMVM) and ECGI organised a free one-day conference in
Lisbon on Wednesday, 17 October 2007 to examine the challenges
facing corporate Europe. Topics covered include
Obstacles to Corporate Restructuring, Private Equity Buyouts,
Active Ownership and Corporate Control and Politics. See: |
 Programme and Presentations
Attendance |
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Research
Newsletter focuses on Hedge Funds and Activism |
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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. See: |
Volume
4 Spring & Summer 2007 Hedge Funds and Activism
Volume
3 Winter 2006: Effective Boards
Volume
2 Summer 2006: Controlling Shareholders
Volume
1 Spring 2006: Corporate Takeovers |
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Commission
publishes external study on proportionality between capital
and control in EU listed companies |
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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 & Sterling
LLP. See: |
Announcements
by the Commission and the consortium on the results of the
study
Final
report on the proportionality principle in the European
Union
ECGI
Working papers published as part of the academic survey:
- ECGI
Finance Working Finance Working Paper No. 176/2007
- ECGI
Finance Working Finance Working Paper No. 177/2007
Background
to the study
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2007 Working
Paper prizes awarded |
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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.
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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Corporate
Governance Reforms in Continental Europe |
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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). |
| Download
a copy from the SSRN |
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2007
General Assembly, open meeting and dinner |
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The
ECGI's fifth General Assembly took place on Thursday
19 April 2007 at the Institute for Law and Finance, Johann
Wolfgang Goethe University Frankfurt. It was followed
by a keynote speech The New Vote Buying by Professor
Bernard Black and an 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. The motion was defeated
by 55 votes to 13 with 3 abstentions. A video recording
of the debate and photographs taken during the event are now
available. |
Programme of events
Video
recording of the debate
Photographs of the event |
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30
new Research Associates nominated |
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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. |
Details
of the new Research Associates
List
of all ECGI Research Associates
Research
Associates Committee and its remit
Research
portal on this site |
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ECGI
focuses on Shareholder Activism |
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With
the publication of a Working Paper, The
Returns to Shareholder Activism Evidence from a Clinical Study
of the Hermes UK Focus Fund, the ECGI has created a
new topic page on Shareholder Activism. See: |
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RSS feeds now available
from the ECGI website |
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Three
RSS (Really Simple Syndication) feeds are now available
from this website, covering the latest news from the ECGI,
new additions to the ECGI Finance and Law Working paper
series, and new additions to the ECGI's code database.
See: |
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| Click
here for earlier announcements |
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