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.
After 26 years in the insurance industry, and with extensive diverse international executive experience, Mrs. Gómez-Llorente has recently started a new phase of her career as Independent Non Executive Director.
In this new sphere, strong and effective corporate governance is a fundamental pillar. She is fluent in Spanish, English and French.
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...
This article tells the story of our shareholder class action against Teva Pharmaceutical Industries as an illustration of the global race to laxity in the regulation of capital markets.
Teva, an Israeli company traded in Israel and the United States, is the largest generic drug maker in...
Payout policy is an important component of a firm’s ability to maintain financial flexibility. Given the market’s heavy penalization of reductions in the dividend payout level, financially constrained firms must find ways to retain cash when cash reserves are insufficient to cover future...
Takeovers and especially models predicting takeovers have been of interest to academics and practitioners. In essence, our paper studies how transparency affects takeover probability and stock returns over 25 years of takeover data. Economic intuition suggests that if higher firm-level...
We live in a world that has historically been dominated by centralized, hierarchical organizations. Such organizations are characterized by (i) a centralized source of authority; (ii) a formal hierarchy with clearly defined “roles”; and, (iii)...Read more
After decades of both de-prioritizing shareholders' economic interests and low corporate profitability, Japan introduced the JPX-Nikkei400 in 2014. The index highlighted the country's "best-run" companies by annually selecting the 400 most...Read more
We study the role of hedge fund activists in curbing empire building. We show that firms with poor acquisition records are more likely to become activist targets. Following activist intervention, targeted firms make fewer acquisitions but obtain...Read more
Preemptive rights can prevent cheap-issuance tunneling by a controller when outside investors know that the offered securities are cheap. But when outsiders cannot tell whether the securities are cheap or overpriced, preemptive rights fail to...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.
