ECGI Research Newsletter

The ECGI publishes a Research Newsletter up to three times a year, focusing on a topical corporate governance issue and drawing on published papers in our Finance and Law Working Paper series. Each edition usually comprises a digest of the major themes from these papers, comments from leading academics and practitioners and a synopsis of a relevant book by one of our Research members.

A copy of each edition of the Newsletter is sent to all ECGI members and is subsequently be available in electronic form here on the ECGI website. We trust that you will find it informative, useful and enlightening in the ongoing corporate governance debate.

The seventh edition of the ECGI Research Newsletter, focuses on ‘Government in Corporate Governance’ and draws much of its material from the recent Transatlantic Corporate Governance Dialogue (TCGD) Conference at the Securities and Exchange Commission in Washington DC.

On 13 November 2009 as this Newsletter was going to press, the United States government, through the Trouble Assets Relief Programme (TARP) capital purchase programme, had a net position of $133,814,312,320 in the banking sector, mostly by holding preferred stock with warrants. The TARP has also invested $75,399,177,711 in the automotive industry and $69,835,000,000 in AIG.