The European Corporate Governance Institute
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Governance of the Institute

The Institute was established on 15 October 2001 as an international scientific non-profit association under Belgian law in accordance with its original Articles of Association. Founder Members of the ECGI were signatories to these Articles.

The Articles were revised in March 2004 to accommodate the introduction of a new category of membership - the Research member.   They were further revised at an Extraordinary General Meeting of the ECGI on 11 October 2013 in order to accommodate, inter alia, the introduction of a new category of member - the Patron member. See the revised Articles which were approved by the membership at that meeting.

The Institute is headed by a Board of Directors, a majority of whom are drawn from academia in order to ensure the ECGI's academic independence. Other directors have strong ties with the private and public sectors. All are impartially committed to furthering the Institute's goals and mission.

In accordance with its Articles of Association, the Chairman of the Board, who does not have to be a member of the Institute, must be a non-academic. The Vice-Chairman must be an academic. Day-to-day management of the Institute is undertaken by an Executive Director, responsible to the Board. This post carries a renewable term of 3 years. The current holders of these offices are:


Chairman
David Devlin, Chairman, European Corporate Governance Institute (ECGI)

Vice-Chairman
Gérard Hertig, Professor of Law, Swiss Federal Institute of Technology

Executive Director
Marco Becht, Professor of Finance and the Goldschmidt Professor of Corporate Governance, Solvay Brussels School for Economics and Management, Université libre de Bruxelles

The ultimate authority is the General Assembly, which comprises all the Members of the Institute, each of whom has one vote. The powers of the General Assembly are detailed in the Articles of Association. (Click here for English version) It meets at least once a year, providing a forum not only for the ongoing governance of the Institute, but also an opportunity for members to meet, interact and debate matters of importance and topicality.

A number of committees have been appointed to undertake specific functions of the Institute. The actions recommended by these committees have to be approved by the ECGI Board, and ultimately the Members.