ECGI Announces Prizes for Papers on ‘Ideology’ and ‘Index Funds’
ECGI is delighted to announce the winners of the best papers in the Working Paper Finance and Law Series’ published in 2018...
13 May 2019
ECGI Welcomes New Patron and Institutional Members
ECGI is proud to announce the support of a new patron member, three new institutional members and a new academic institutional member. The global asset manager, BlackRock has become the third patron member of ECGI through its commitment as a patron of the European Corporate Governance Research...
14 May 2019
Investors, Academics and Corporates Share Views on Important Issues
On 11 February 2019, ECGI teamed up with the International Corporate Governance Network (ICGN) to present the Academic Day on Corporate Governance and Stewardship at the Amsterdam offices of the Dutch institutional investor APG Group N.V. The conference examined four papers on three primary topics...
9 May 2019
Codes
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ASX Corporate Governance Principles and Recommendations: 4th Edition27 February 2019AustraliaCustom text: New
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Review of Implementation of Corporate Governance Code 2018 (HKEX)01 November 2018Hong Kong S.A.R., ChinaCustom text: New
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The Norwegian Code of Practice for Corporate Governance 201817 October 2018NorwayCustom text: New
Events
Wed 05 June 2019
This conference will focus on the role of ESG (Environmental, Social and Governance) considerations in the management of public companies and the investment priorities of asset managers...
Fri 07 June 2019
> Sat 08 June 2019
The fifth annual GCGC conference will take place at the House of Finance, Goethe University Frankfurt. Attendance is by invitation only.
Mon 10 June 2019
The Roundtable will focus on the reasons and implications of fewer companies going public. The steep decline in initial public offerings in the U.S. has raised concerns about reduced opportunities for...
Fri 05 July 2019
Corporations, and other forms of business associations, have been the subject of intense study including their history, governance, and obligations to stakeholders and the public at large...
Real name:
Featured ECGI Member
Black Sea Trade & Development Bank
I have been working at the Black Sea Trade & Development Bank since 2000, serving in a variety of procurement and governance-related posts. I have been the Head of the Bank's Internal Purchasing unit and, subsequently, the Bank's Head of Procurement, in charge of setting up major service contracts, managing equipment purchases, and overseeing the selection and employment of consultants.
Featured papers
Which Related Party Transactions Should Be Subject to Ex Ante Review? Evidence from Germany
With its rules on related party transactions (RPTs), the amended EU Shareholder Rights Directive introduces a novel ex ante review of suspicious transactions to many continental jurisdictions. German law, for instance, has traditionally been adhering to a very different regulatory strategy for...
Does Bankruptcy Risk Increase Value? Puzzles and Diversification
We usually compare the market price of different companies thinking we are comparing their fundamental values. Following this practice, financial analysts believe that diversification destroys value since the price of diversified firms (“conglomerates”) is 11% lower than the price of similar...
Sticking around Too Long? Dynamics of the Benefits of Dual-Class Voting
Both practitioners and academics generally have a dim view of dual-class share structures. For example, when Snap Inc. was preparing for its initial public offering (IPO) in 2017, CalPERS and other institutional investors harshly criticized the company’s move to create a new share class with no...
Corporate Capture of Blockchain Governance
All blockchains have rules that govern their operations. As blockchains evolve they may need to change their rules. Blockchain governance refers to the system in place through which decisions regarding the evolution of the blockchain are made. The question of blockchain governance is at the...
Working papers
Agency versus Hold-up: Benefits and Costs of Shareholder Rights
A set of policy experiments regarding binding votes on compensation in Switzerland sheds light on the hitherto mostly theoretical argument that shareholders may prefer to have limits on their own power. The empirical evidence suggests a trade-off...Read more
The Politics of CEOs
CEOs of public companies have influence over the political spending of their firms, which has been attracting significant attention since the Supreme Court decision in Citizens United. Furthermore, the policy views expressed by CEOs receive...Read more
Long-Term Bias
An emerging consensus in certain legal, business, and scholarly communities maintains that corporate managers are pressured unduly into chasing short-term gains at the expense of superior long-term prospects. The forces inducing managerial myopia...Read more
Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation
Manipulative communications touting stocks are common in capital markets around the world. Although the price distortions created by so-called “pump-and-dump” schemes are well known, little is known about the investors in these frauds. By...Read more
News
New Editor of the ECGI Law Working Paper Series
New Editor of the ECGI Law Working Paper Series
ECGI is delighted to announce the appointment of Prof. Amir Licht as Editor of the...Read more
Loyalty Shares: Limited Use Structure or Corporate Game Changer?
Loyalty Shares: Limited Use Structure or Corporate Game Changer?
At a time when dual class share structures have come under regular attack by investors, the concept of loyalty shares, popularised in France and...Read more
Launching the ECGI Community
Launching the ECGI Community
ECGI is launching an independent engagement and collaboration platform open to all those with an interest in corporate governance. This replaces...Read more
Appointment of 17 New ECGI Research Members
Appointment of 17 New ECGI Research Members
ECGI is delighted to announce the appointment of 17 new Research Members to add to its distinguished ranks. The new Research Members, who are...Read more
Codes
Corporate Governance Code - Kingdom of Bahrain 2018
Corporate Governance Code - Kingdom of Bahrain 2018
Bahrain
ASX Corporate Governance Principles and Recommendations: 4th Edition
ASX Corporate Governance Principles and Recommendations: 4th Edition
Australia
Corporate Governance Guideline - 2018
Corporate Governance Guideline - 2018
Canada
Austrian Code of Corporate Governance (as amended in January 2018)
Austrian Code of Corporate Governance (as amended in January 2018)
Austria
Videos
Watch the welcome video for the 2018 Global Corporate Governance Colloquium at Harvard Law School.
03 August 2018
Panel discussion on "CSR and Impact Investing: Framing the Questions" at GCGC 2018 in Harvard.
01 August 2018
Research Members
The research work that emanates from ECGI is undertaken by leading scholars around the globe. This important network of academics is at the very core of what ECGI does, drawing on the finest minds in academia from all over the world to tackle some of the most important issues that confront business and governments today.
Real name:
Research Member
Professor of Corporate Law and Financial Regulation
University College London - Faculty of Laws
Real name:
Research Member
Professor of Law
Paolo Baffi Center on Financial Regulation, Bocconi University Law Department
Patron Members
The ECGI Patron Members provide regular and long-term support for Academic Research through their contributions to the European Corporate Governance Research Foundation (ECGRF). Their philanthropic donations stimulate the production of research studies and other academic work of excellence in corporate governance.
Institutional Members
The Institutional Members of ECGI provide a vital connection between the academic world and the policy and practitioner aspects of corporate governance. These members recognise the importance of evidence-based research in developing their corporate governance policies and seek to continuously improve the standards of corporate governance.
