Corporate Governance And Ownership With Diverse Shareholders

2019 IESE - ECGI Corporate Governance Conference

Corporate Governance And Ownership With Diverse Shareholders

  • 25 - 26 October 2019
  • IESE Center for Corporate Governance, Barcelona

***This event is by invitation only. It is open to ECGI members who can register here. A waitlist may apply depending on availability of spaces***

To become an ECGI member visit: https://ecgi.global/content/become-member

The ECGI Annual Members Meeting will take place at IESE on 24 October (see programme details here)

 

Organisers

Prof. Jordi Canals, Professor of Strategic Management and Economics, Fundación IESE Chair in Corporate Governance at IESE; Prof. Gaizka Ormazábal, Associate Professor of Accounting and Control, Grupo Santander Chair of Financial Institutions and Corporate Governance at IESE and ECGI; Prof. Xavier Vives, Professor of Economics, Financial Management, Abertis Chair of Regulation, Competition and Public Policy at IESE and ECGI; Prof. Marco Becht, Professor of Finance and the Goldschmidt Professor of Corporate Governance, Solvay Brussels School for Economics and Management, Université libre de Bruxelles and ECGI.

About the Event:

Many policy recommendations  that emerge from the flourishing literature on corporate governance do not take into account the diversity of company owners and the different goals of heterogeneous’ shareholders in the 21st century. Many of them make the assumption that dispersed shareholders is the representative form of corporate ownership. This hypothesis is still dominant in most theoretical studies and in many empirical studies. The fact is that ownership around the world in the twentieth century  changed in many large countries, has become more  heterogeneous and diverse than what is assumed in many studies, and  its evolution is shaped by a diversity of factors, such as domestic taxation and  regulation, capital markets and different management and  business practices. Understanding that ownership is heterogeneous and diverse has implications on how companies are governed. It is also critical for the improvement of corporate governance at the corporate level and the government’s regulatory activity. In the end, it has an impact on companies’ survival –many firms that didn’t survive encountered problems with their own shareholders and their commitment- and their long-term development.

This Conference will offer a context to reflect upon and better understand how the different nature of shareholders have an impact on the way companies are governed and managed, and, eventually, on some key decisions – like board composition, board dynamics, CEO hiring and firing, strategy making and incentives design- that define corporate governance.

 

 

Supported by:

This event is supported by IESE Center for Corporate Governance, the European Corporate Governance Institute (ECGI) and the European Corporate Governance Research Foundation (ECGRF), and brings together senior academics and thought-leaders in business to discuss the above topics. 

 

 

 

Information

Address:
IESE Business School, Barcelona Campus, Spain
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

Friday, 25 October 2019

Back to full programme

Evolution of ownership: Its impact on corporate governance

Time:
09:15h
- 10:30h

Speakers

Discussants

10:30
- 11:00

Coffee break

Back to full programme

Passive Investors

Time:
11:00h
- 12:15h

Speakers

12:15
- 14:00

Lunch

14:00
- 15:15

Corporate governance through voice and exit

Speakers:
Back to full programme

Corporate governance through voice and exit

Time:
14:00h
- 15:15h

Speakers

15:15
- 16:30

Activist Directors and Agency Costs: What happens When an Activist Director Goes on the Board?

Speakers:
Discussant:
Back to full programme

Activist Directors and Agency Costs: What happens When an Activist Director Goes on the Board?

Time:
15:15h
- 16:30h

Speakers

Discussants

16:30
- 16:45

Coffee break

Saturday, 26 October 2019

09:00
- 10:15

Mutual funds as venture capitalists? Evidence from Unicorns

Speakers:
Back to full programme

Mutual funds as venture capitalists? Evidence from Unicorns

Time:
09:00h
- 10:15h

Speakers

10:15
- 11:30

The long-term consequences of short-term incentives

Speakers:
Back to full programme

The long-term consequences of short-term incentives

Time:
10:15h
- 11:30h

Speakers

11:30
- 11:45

Coffee break

Back to full programme

Common ownership

Time:
11:45h
- 13:00h

Speakers

Discussants

13:00
- 13:15

Closing remarks

13:15
- 14:15

Lunch & Farewell

Speakers

Amra Balic
Jay Light

Presentations

Back to all presentations

Welcome

Time:
09:00h
- 09:15h

Speakers

Back to all presentations

Evolution of ownership: Its impact on corporate governance

Time:
09:15h
- 10:30h

Speakers

Discussants

Back to all presentations

Passive Investors

Time:
11:00h
- 12:15h

Speakers

Back to all presentations

Corporate governance through voice and exit

Time:
14:00h
- 15:15h

Speakers

Activist Directors and Agency Costs: What happens When an Activist Director Goes on the Board?

Back to all presentations

Activist Directors and Agency Costs: What happens When an Activist Director Goes on the Board?

Time:
15:15h
- 16:30h

Speakers

Discussants

Back to all presentations

Mutual funds as venture capitalists? Evidence from Unicorns

Time:
09:00h
- 10:15h

Speakers

Back to all presentations

The long-term consequences of short-term incentives

Time:
10:15h
- 11:30h

Speakers

Back to all presentations

Common ownership

Time:
11:45h
- 13:00h

Speakers

Discussants

Panel Discussions