This ECGI Roundtable will be hosted by Hermes Investment Management on 25 October 2018. The Roundtable will focus on the nature of governance interventions by institutional shareholders.
The Roundtable will focus on the impact of new technologies such as blockchain and AI on corporate governance.
This academic conference will focus on the theme of 'Differential Voting Shares'. Attendance is by invitation only.
The fifth annual GCGC conference will take place at Center for Financial Studies, Goethe University Frankfurt on 7 - 8 June 2019. The deadline for submissions is 14 September 2018. Attendance is by invitation only.
Till Wansleben is an Associate at Hengeler Mueller, Germany, advising on Corporate Law and M&A Matters. Prior thereto he was a Research Fellow at the Max Planck Institute for Comparative and International Private Law in Hamburg focusing on company law, corporate governance and securities regulation. He completed his studies in law at Goethe-University Frankfurt am Main with specialization in "Law and Finance".
Institutional Investors are currently the dominant category of shareholders in stock markets and have attracted considerable attention by academics. Yet, there is relatively little evidence on the environmental and social characteristics of institutional investors’ portfolio holdings ...
Government regulation on disclosure differs considerably across countries. This gives rise to some interesting research questions. One line of research is investigating if certain types of disclosure regimes are more prone to disclosure evasion.
In this study we ask if limiting the...
Passive investors, such as Vanguard or Blackrock, that track an index and have no discretion over their investments own a growing fraction of publicly-traded securities around the world. Our paper develops a comprehensive framework for passive investment and its implications for...
There is an extensive literature in finance, which documents that executive and non-executive directors have an informational advantage when they trade in the shares of their firm. However, even if directors trade after the announcement of material information to the public, they may still...
We study institutional investors' impact on going private tender offers by controlling shareholders ("freeze-out" offers) in Israel, where regulation over such offers is loose and where (consequently?) about half of the offers are rejected. In 35...Read more
Starting from the well-evidenced fact that banks with shareholder-focussed corporate governance fared worse in the financial crisis than those without, this paper considers various initiatives and proposals to re-orient board rules in relation to...Read more
We derive a measure that captures the extent to which overlapping ownership structures shift managers’ incentives to internalize externalities. A key feature of the measure is that it allows for the possibility that not all investors are...Read more
Although controlling shareholder agency problems have been well studied so far, many questions still remain unanswered. In particular, an important puzzle in “bad-law” jurisdictions is: why some controlling shareholders (“roving controllers”)...Read more
The ECGI Roundtable on Loyalty Shares took place on 18 June 2018 at the offices of Jones Day, Brussels, in collaboration with University of Oxford...Read more
International academics from the world’s leading universities arrived at Harvard this week to take part in the 2018 Global Corporate Governance...Read more
13 August 2018 – Brussels. The European Corporate Governance Institute (ECGI) is delighted to welcome fifteen new institutional members to its...Read more
The 2018 ECGI Annual Member meeting featured a Focus Panel on "...Read more
Watch the welcome video for the 2018 Global Corporate Governance Colloquium at Harvard Law School.
Panel discussion on "CSR and Impact Investing: Framing the Questions" at GCGC 2018 in Harvard.
