Annual Members Meeting 2016

Annual Members Meeting 2016

  • 21 - 22 April 2016
  • London, UK

The ECGI Annual Members Meeting 2016 took place on 21 and 22 April 2016 in London, UK. The event comprised of a dinner, AGM, Lecture and Prize-giving ceremony.

Annual Lecture:

The annual lecture was delivered by Professor Francesca Cornelli, Professor of Finance and Director of Private Equity, London Business School. Professor Cornelli’s lecture, entitled “Are CEO’s Fired for Bad Luck?”, debated the accountability of senior corporate management and whether they always deserve the consequences of unfortunate events that may lead to their demise.

2016 Working Paper Prize-giving:

The Standard Life Investments Finance Prize was won by Professor Karl Lins, Professor Henri Servaes (both of London Business School), and Professor Ane Tamayo (London School of Economics) for:

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (ECGI Finance Working Paper No. 446/2015) 

The Allen & Overy Law Prize was won by Professor Holger Spamann (Harvard University) for:

Monetary Liability for Breach of the Duty of Care? (ECGI Law Working Paper No. 300/2015)

Information

Address:
THE LONDON SCHOOL OF ECONOMICS, HOUGHTON ST, LONDON WC2A 2AE, UNITED KINGDOM
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

21 April - Day 1

19:00

Annual Members Dinner - British Academy

22 April - Day 2

08:30
- 10:30

Annual General Meeting - LSE

10:30
- 12:15

Annual Lecture 2016: “Are CEO’s Fired for Bad Luck?” - Professor Francesca Cornelli

Back to full programme

Annual Lecture 2016: “Are CEO’s Fired for Bad Luck?” - Professor Francesca Cornelli

Time:
10:30h
- 12:15h

The annual lecture, which was attended by ECGI members together with interested members of the public, was delivered by Professor Francesca Cornelli, Professor of Finance and Director of Private Equity, London Business School. Professor Cornelli’s lecture, entitled “Are CEO’s Fired for Bad Luck?”, debated the accountability of senior corporate management and whether they always deserve the consequences of unfortunate events that may lead to their demise.

Speakers

Conference Documents

Back to full programme

ECGI 2016 Working Paper Prizes (Law & Finance)

Time:
12:15h
- 12:30h

Following the lecture, ECGI awarded two research prizes for the best papers in the Finance and Law Working Paper Series’ from the previous year.

The Finance Series prize of €5,000 is sponsored by Standard Life Investments, the global asset manager, was awarded to Professor Karl Lins, Professor Henri Servaes (both of London Business School), and Professor Ane Tamayo (London School of Economics) for their paper on “Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis”.

The paper examines the link between firms’ activity in Corporate Social Responsibility (CSR) and performance during times of low confidence. The study involved a review of 1,673 firms with CSR data and ultimately found that high-CSR firms experienced higher profitability, sales growth, and sales per employee during the 2008-2009 financial crisis. It also suggests that 22 April 2016 For immediate Release social capital and trust earned through CSR activities can potentially act as an insurance policy for firms in times of crisis.

The Law Series prize of €5,000 is sponsored by Allen & Overy LLP, the international law firm, was awarded to Professor Holger Spamann (Harvard University) for his paper on “Monetary Liability for Breach of the Duty of Care?”.

This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors’ and managers’ fiduciary duty of care, while also highlighting the potential for an optimal combination of standard performance pay and tailored partial liability.

Speaking at the ceremony, David Devlin, ECGI Chairman said “It has been another successful year for the European Corporate Governance Institute, which is evidenced by the outstanding work of our research members, and the enthusiasm of our members to take part in this important annual event. We are looking forward to continue delivering leading research to support and engage with all of our members around the globe in the coming years”.

Speakers

Fellow Research Member Institutional Member Board Member

Speakers

Fellow Research Member Institutional Member Board Member

Presentations

Back to all presentations

Annual Lecture 2016: “Are CEO’s Fired for Bad Luck?” - Professor Francesca Cornelli

Time:
10:30h
- 12:15h

The annual lecture, which was attended by ECGI members together with interested members of the public, was delivered by Professor Francesca Cornelli, Professor of Finance and Director of Private Equity, London Business School. Professor Cornelli’s lecture, entitled “Are CEO’s Fired for Bad Luck?”, debated the accountability of senior corporate management and whether they always deserve the consequences of unfortunate events that may lead to their demise.

Speakers

Conference Documents

Back to all presentations

ECGI 2016 Working Paper Prizes (Law & Finance)

Time:
12:15h
- 12:30h

Following the lecture, ECGI awarded two research prizes for the best papers in the Finance and Law Working Paper Series’ from the previous year.

The Finance Series prize of €5,000 is sponsored by Standard Life Investments, the global asset manager, was awarded to Professor Karl Lins, Professor Henri Servaes (both of London Business School), and Professor Ane Tamayo (London School of Economics) for their paper on “Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis”.

The paper examines the link between firms’ activity in Corporate Social Responsibility (CSR) and performance during times of low confidence. The study involved a review of 1,673 firms with CSR data and ultimately found that high-CSR firms experienced higher profitability, sales growth, and sales per employee during the 2008-2009 financial crisis. It also suggests that 22 April 2016 For immediate Release social capital and trust earned through CSR activities can potentially act as an insurance policy for firms in times of crisis.

The Law Series prize of €5,000 is sponsored by Allen & Overy LLP, the international law firm, was awarded to Professor Holger Spamann (Harvard University) for his paper on “Monetary Liability for Breach of the Duty of Care?”.

This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors’ and managers’ fiduciary duty of care, while also highlighting the potential for an optimal combination of standard performance pay and tailored partial liability.

Speaking at the ceremony, David Devlin, ECGI Chairman said “It has been another successful year for the European Corporate Governance Institute, which is evidenced by the outstanding work of our research members, and the enthusiasm of our members to take part in this important annual event. We are looking forward to continue delivering leading research to support and engage with all of our members around the globe in the coming years”.

Speakers

Fellow Research Member Institutional Member Board Member