The Realities of Stewardship for Institutional Owners, Activist Investors and Proxy Advisors
Tuesday, 3 December 2013
Securities and Exchange Commission Washington DC

A free all-day conference under the auspices of the Securities and Exchange Commission (SEC) and the European Commission, organised by the European Corporate Governance Institute and the Columbia Law School. With Lithuania holding the Presidency of the Council of the European Union, the organisers are most grateful for the support of the Lithuanian Embassy in Washington and for sponsorship of the 2013 conference by PricewaterhouseCoopers (PwC).

Program | Presentations and speeches | Video recordings | Disclaimer | List of attendees | Background reading | Background to the Dialogue

Session 2
Activist Shareholders and Shareholder Value: Long Term v. Short Term


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Moderator
Professor Ronald Gilson
Marc & Eva Stern Professor of Law and Business, Columbia Law School, Charles J. Meyers Professor of Law and Business, Stanford Law School and ECGI Research Member

Panelist
Mats Isaksson
Head of Corporate Affairs
Organisation for Economic Co-operation and Development (OECD)

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Conference Introduction

Professor Ronald Gilson, Jörgen Holmquist and Minister Counselor Simonas Šatūnas
10 mins 22 secs
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Session 1 - Opening remarks

Mary Jo White, Chair, U.S. Securities and Exchange Commission
16 mins 56 secs
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Session 2 - Activist Shareholders and Shareholder Value: Long Term v. Short Term

Professor Wei Jiang, Arthur F. Burns Professor of Free and Competitive Enterprise, Columbia Business School
26 mins 10 secs
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Professor David Larcker, James Irvin Miller Professor of Accounting, Graduate School of Business, Stanford University
15 mins 0 secs
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Mats Isaksson, Head of Corporate Affairs, Organisation for Economic Co-operation and Development (OECD)
20 mins 59 secs
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Justice Jack B. Jacobs, Justice of the Delaware Supreme Court
15 mins 27 secs
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Panel discussion and Q&A
24 mins 5 secs
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Session 3 - The European perspective

Ugo Bassi, Director for Capital and Companies, DG Internal Market and Services, European Commission
39 mins 50 secs
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