The ECGI team and roles

The ECGI will make academic contributions to the study. The ECGI make team will consist of a core team, a correspondent network, a legal scholar network with a lead legal scholar, a scientific committee, the ECGI’s Executive Director and an independent ECGI board member from the business side who will conduct a general review.

The core team
This will consist of four financial economists who will review the theory and econometric studies:

		Empirical survey team: Professor Renée Adams (Stockholm) and Dr Daniel Ferreira (Lisbon) will draft an empirical literature survey that will describe the objectives and function of each deviation from the proportionality principle identified in Part A of the deliverables from an empirical point of view. The team will also review the existing research and literature as to whether there are any indications that deviations from the proportionality principle are statistically relevant related to the performance of companies. The authors will also review the empirical literature for the United States, Brazil, Australia and – drawing on the correspondent network – for selected other non-EU jurisdictions.
		Theory survey team: Professor Mike Burkart (Stockholm) and doctoral candidate Samuel Lee (Stockholm) will describe the objectives and functions of deviations from the proportionality principle from a theoretical point of view.

Correspondent network (Click here to view the team members)
The work of the core team will be supported by a correspondent network drawn from the ECGI’s research members from law, economics and finance. The correspondent network will provide comments and input for the core teams and other aspects of the study. It will also serve as an “intelligence network” that will supplement the bibliographic database tools used to ensure that the empirical literature survey is comprehensive. The network has a strong multidisciplinary representation, providing an excellent coverage also of non-EU jurisdictions, in particular the jurisdictions that will be analyzed by ISS and S&S, the United States, Japan and Australia.

Legal scholar network (Click here to view the team members)
ECGI will also support the work of ISS and, in particular, S&S through a legal scholar network. The network will be led by Luca Enriques (Bologna University). Professor Enriques will coordinate the input of the legal scholar network to the list of deviations from the proportionality principles, the description of the regulatory framework and the comparison with the situation in key jurisdictions outside the EU. The network will ensure independent quality control and provide specific and general comments on the relevant contributions from the ECGI, ISS and S&S teams.

Scientific Committee
The work of the drafting teams and the networks will be overseen by a scientific committee composed of Professors Colin Mayer (Economics and Finance, Oxford), Julian Franks (Accounting and Finance, London Business School) and Joe McCahery (Law, Amsterdam).

ECGI team co-ordination
The general coordination of ECGI’s contribution will be ensured by ECGI’s Executive Director, Marco Becht (Economics and Finance, ECARES, Université Libre de Bruxelles). Becht is also a member of the scientific committee.

Independent review
The ECGI teams’ work will be subject to a general review by a non-academic, independent board member of the ECGI, Leo Goldschmidt (former Managing Partner, Banque Degroof).