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ECGI NAMES EDDY WYMEERSCH AS CHAIRMAN

Brussels, 26 November 2010. Following the resignation of Mr Antonio Borges from the role of Chairman of the European Corporate Governance Institute (ECGI) in order to take up the post of Director of the European Department of the International Monetary Fund, the ECGI Board has, on the recommendation of the ECGI’s Nominations Committee, invited Mr Eddy Wymeersch to become a member of the Board and on his acceptance, has unanimously nominated him to serve as Chairman of the ECGI with immediate effect. His Board appointment is subject to ratification at the ECGI’s next General Assembly which takes place in Amsterdam on Friday, 8th April 2011.

Mr Wymeersch, a Founder Member of the ECGI, was until July this year Chairman of the Committee of European Securities Regulators (CESR), a post he held for over 3 years. He was Chairman and CEO of the Belgian Banking, Finance and Insurance Commission (CBFA) from 2001-2007 and then Chairman of its Supervisory board until 2010. Previously, he was an academic at the Ghent Law School where he founded the Financial Law Institute and he has taught at several Belgian and European Universities. He is a member of the European Corporate Governance Forum, an advisory body to the EU Commission.

Professor Guido Ferrarini, ECGI Vice Chairman, said “The Board is profoundly grateful to Mr Borges for his enormous contribution as our Chairman since ECGI’s foundation.

“Mr Wymeersch has unparalleled experience as an academic and a regulator. He is ideally suited both professionally and ethically to represent and promote our Institute and deliver the kind of leadership that the ECGI needs at this stage in its development.”

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, fostering research on major corporate governance issues and thereby promoting best practice. Under its Articles of Association, the ECGI Board has a minimum of 3 and a maximum of 11 directors, a majority of whom are nominated and elected among persons qualifying for academic or research membership of the Institute.

- ENDS-
For further information:
Professor Guido Ferrarini, ECGI Vice Chairman Guido.Ferrarini@giuri.unige.it
Jeremy Miller, ECGI Marketing & Communications
Notes for Editors:
1. See IMF website http://www.imf.org/external/np/sec/pr/2010/pr10400.htm for the appointment of Antonio Borges
2. See below for biography of Mr Eddy Wymeersch.
3. See ECGI website http://www.ecgi.org/committees/nominations_committee.php for the remit and composition of the ECGI’s Nominations Committee
4. See http://www.ecgi.org/members_directory/board_members.php for the composition of the ECGI Board
 

Eddy Wymeersch

Born 1943 in Melle, Belgium

Private address:
Brugstraat 33, 9921 Vinderhoute Belgium
Tel 00 32 9 227 20 13
Mobile 00 32 495 52 20 13
E-mail Eddy.Wymeersch@gmail.com

Professional address:
University of Ghent - Law School
Universiteitstraat 4, B 9000 Gent
Eddy.Wymeersch@ugent.be

A. Professional Career
1° Academic Career

1973-2008 Professor at the University of Antwerp and from 1982 at University of Ghent Law School, in charge of Company Law, Commercial law, Capital Market Law.
Emeritus Professor since October 2008.

He received the Max Planck Award 1998 and was member of the advisory board of the Max Planck Institute for Foreign and International Private Law in Hamburg. In Belgium he was appointed to the Francqui Chair at Liège University.

He was member of the now inactive International Faculty for Corporate Law and Securities Regulation (University of Pennsylvania).

Mr Wymeersch has been an academic at the Ghent Law School where he founded the “Financial Law Institute” (www.law.ugent.be/fli). He taught at several Belgian and European Universities, such as Bocconi, Hamburg, Paris-Sorbonne, Clermont Ferrand, Lund. He has published extensively on company law, corporate governance and financial regulation (see: ssrn.Wymeersch and http://www.law.ugent.be/fli). He is member of the editorial board of several journals.

With colleagues from European Academic institutes he organised several conferences on financial subjects such as “Reforming Company and Takeover Law in Europe”, “Capital markets and Company law”, “Comparative Corporate Governance” all published by Oxford U.P.

2° Public functions
    • Council of State, Legislative branch, Assessor, 1992-2001
    • Banking, Finance and Insurance Commission (CBFA), Brussels, April 2001-March 2007, Chairman and CEO
    • Banking Finance and Insurance Commission, Brussels 2007-2010, Chairman of the Supervisory board, Chairman of the Sanction Commission of the CBFA
    • Committee of European Securities Regulators (CESR), Paris, Chairman, February 2007- July 2010)
    • IOSCO European Regional Committee of IOSCO (2006-2010), Member of the Executive and the Technical Committee (2006-2010)
3° Business functions
    • National Bank of Belgium, Regent (Comp. Member of supervisory board), 1993 to February 2001
    • Member of the Board of HWI, a public sector refinancing body
    • Brussels International Airport Company, Chairman of the Board
    • Sabena, member of the Board
    • Member of the board of several unlisted Belgian companies
4° Advisory activities

Member of Advisory Committees to the Belgian government, esp. on reform of the Public Sector banks, on financial supervision (Lamfalussy Committee 2008) or on corporate governance (i.a.Belgian Corporate Governance Committee). He has acted as an advisor to the European Commission (On “Control of the Securities Markets”, 3 vol. 1977), was a consultant to the World Bank (missions in Indonesia, Bulgaria, Poland, Madagascar, Senegal and Guinée, Trinidad and Tobago) and IFC (Member of the IFC Global Corporate Governance Forum, Private sector advisory group) and an advisor to several European financial institutions and stock exchanges.
Member of the European Corporate Governance Forum, an advisory body to the EU Commission.

5° Miscellaneous

Numerous conferences on financial and company law subjects within Europe and outside Europe in the US and Canada, in Japan, Korea, Russia and Saudi-Arabia.

He acted as arbitrator in domestic and cross border cases.

B. Personal
Education

Ghent Law School, Dr. Juris and Lic. Notarial Law
Harvard Law School, LLM

Language skills

Dutch, English, French and German, some Italian

Hobbies

Gardening, Hiking, Classical Music and Opera, History.