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ECGI APPOINTS 5 NEW FELLOWS

Barcelona, 11 April 2008. The European Corporate Governance Institute (ECGI) today announces 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 in 2003 and 5 in 2005.

The new Fellows are:

Professor Mike Burkart, Professor of Finance, London School of Economics and Political Science (Sweden)

Professor Mike Burkart, Professor of Finance, London School of Economics and Political Science (Sweden)

Professor Jeffrey Gordon, Richard Paul Richman Professor of Law and Co-Director, Millstein Center for Global Markets and Corporate Ownership, Columbia Law School (USA)

Professor Jeffrey Gordon, Richard Paul Richman Professor of Law and Co-Director, Millstein Center for Global Markets and Corporate Ownership, Columbia Law School (USA)

Professor Reinier Kraakman, Ezra Ripley Thayer Professor of Law, Harvard Law School (USA)

Professor Reinier Kraakman, Ezra Ripley Thayer Professor of Law, Harvard Law School (USA)

Professor Stewart Myers, Robert C. Merton (1970) Professor of Financial Economics, MIT Sloan School of Management (USA)

Professor Stewart Myers, Robert C. Merton (1970) Professor of Financial Economics, MIT Sloan School of Management (USA)

Professor Fausto Panunzi, Professor of Economics, Istituto di Economia Politica & IGIER, UniversitÓ Bocconi (Italy)

Professor Fausto Panunzi, Professor of Economics, Istituto di Economia Politica & IGIER, UniversitÓ Bocconi (Italy)

These Fellows were nominated by the ECGI's Fellowship Committee chaired by Professor Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University

The ECGI, which was founded in 2002, is an international scientific non-profit association. It provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice.

Its primary role is to undertake and disseminate impartial and objective research on corporate governance and undertake any other activity that will improve understanding and exercise of the highest standards in corporate governance. ECGI Fellows provide intellectual leadership and inspiration for the Institute as it seeks to achieve its aims.

- ENDS-

For further information:

Antonio Borges, Chairman, ECGI (antonio.borges@ecgi.org)
Marco Becht, Executive Director, ECGI (marco.becht@ecgi.org, +32-2-650.4466)

Notes for Editors

1. The biographies and photographs of these new Fellows can be found on the ECGI website by clicking against the name in the list above.

2. A list of all 37 ECGI Fellows can be found on the ECGI website at the following page:
http://www.ecgi.org/members_directory/fellows.php

3. The composition and remit of ECGI’s Fellowship Committee can be found at: http://www.ecgi.org/committees/fellowship.htm