The COVID-19 Crisis and Its Aftermath: Corporate Governance Implications and Policy Challenges

The COVID-19 Crisis and Its Aftermath: Corporate Governance Implications and Policy Challenges

  • 16 April 2020
  • Australia, Japan, South Korea, Singapore, China, Israel, Germany, Sweden, United Kingdom, and USA

Click here to read the event summary report

The videos of each session are available under the presentation tab on this page and also on the ECGI YouTube channel

Click here to download the programme

24 Hour Global Webinar hosted throughout:
Australia, Japan, South Korea, Singapore, China, Israel, Germany,
Sweden, United Kingdom, and USA
 

It is already clear that the COVID-19 pandemic will have dire economic consequences, and collective thought is being applied to what policies can better ensure societies’ resilience and their quick and dynamic recovery once the crisis is over. Corporate governance scholars can help devise sound and effective policies for this purpose. This global webinar convened scholars, practitioners and policymakers with the aim of sharing evidence-based insights for the common good.

Topics included, but were not limited to:
·         Corporate social responsibility in war-like times
·         Corporate governance digitalization
·         The role of institutional investors and stewardship
·         Takeover defences and M&A trends
·         Bond markets and bankruptcy 
·         Corporate purpose in times of crisis
·         The governance implications of emergency laws and government bailouts
·         Securities regulation (disclosure, short-selling bans, etc.)
·         ESG and Impact investing 
·         Systemic risk and financial stability following exogenous shocks

A collection of related articles by ECGI research members is available here

Event References:

GCGC/ECGI Global Webinar Series: Fed to the Rescue: Bankruptcy’s Role in the COVID-19 Crisis (Edward R. Morrison, Andrea C. Saavedra)

GCGC/ECGI Global Webinar Series: Wall Street CARES!: Who Gets the Hidden Subsidies Under the CARES Act? (John C. Coffee, Jr.)

GCGC/ECGI Global Webinar Series: The ECB’s response to the COVID-19 pandemic (Isabel Schnabel)

GCGC/ECGI Global Webinar Series: How Banks and Fintechs Can Help Small Businesses Survive COVID-19 (Todd Baker, Kathryn Judge)

GCGC/ECGI Global Webinar Series: Easing the economic aftermath of a global pandemic (Mark Roe, John Coates)

GCGC/ECGI Global Webinar Series: Bankruptcy and the coronavirus (David Skeel)

GCGC/ECGI Global Webinar Series: Extreme times, Extreme Measures: Pandemic-Resistant Corporate Law (Luca Enriques)

GCGC/ECGI Global Webinar Series- Fed to the Rescue: Unprecedented Scope, Stretched Authority (Lev Menand)

Insider Trading Data Reveals Pandemic Is a Time for Questioning, Not Answering
 (Renée Adams, Attila Balogh)

GCGC/ECGI Global Webinar Series: Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund (Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon ,Marti Subrahmanyam)

GCGC/ECGI Global Webinar Series: How to Rescue Startups During the Pandemic (Dorothea Ringe, Wolf-Georg Ringe)

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The schedule for the event was as follows:

Time

(Melbourne) AEST

 

Local time

 

University

09:00 – 11:00

 

Monash University, Melbourne

11:30 – 13:30

10:30 – 12:30 JST/KST

University of Tokyo

Seoul National University

14:00 – 16:00

12:00 – 14:00 GMT+8 /CST

National University of Singapore

Peking University

16:30 – 18:30

09:30 – 11:30 IDT

Tel Aviv University

IDC Herzliya, Israel

19:00 – 21:00

11:00 – 13:00 CEST

Goethe University Frankfurt

21:30 – 23:30

13:30 – 15:30 CEST

Swedish House of Finance

00:00 – 02:00

15:00 – 17:00 BST

University of Oxford

Imperial College London

02:15 – 04:15

12:15 – 14:15 EDT

Columbia University

04:30 – 06:30

14:30 – 16:30 EDT

Harvard University

07:00 – 09:00

14:00 – 16:00 PDT

Stanford University 

Yale University

The sessions were recorded and are published on the ECGI website.

An initiative of ECGI and the Global Corporate Governance Colloquia (GCGC).

Queries to be directed to: Webinars@ecgi.org 

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Thursday 16 April 2020

09:00
- 11:00

Monash University session - (local time 09:00-11:00 AEST)

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Welcome- Monash University

Time:
09:00h
- 09:05h

Speakers

10:55
- 11:00

Q&A

11:00
- 11:30

Break

11:30
- 13:30

Seoul National University and University of Tokyo session - (local time 10:30 – 12:30 KST/JST)

11:35
- 12:02

Business continuity planning during the COVID-19 crisis

Speakers:
Tomoyo Matsui
12:02
- 12:29

Prevention of pandemic and CSR in times of COVID-19

Speakers:
Gen Goto
12:56
- 13:23

COVID-19 crisis and family succession

Speakers:
13:23
- 13:30

Q&A

13:30
- 14:00

Break

14:00
- 16:00

National University of Singapore and Peking University session - (local time 12:00 – 14:00 GMT+8 /CST)

14:00
- 14:05

Welcome- National University of Singapore

Speakers:
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Welcome- National University of Singapore

Time:
14:00h
- 14:05h

Speakers

14:05
- 14:15

COVID-19: The start of history for Asian corporate law?

Speakers:
Dan Puchniak
14:15
- 14:25

Asset managers and private entrepreneurial activities post-COVID-19

14:25
- 14:35

Role of the board in times of crisis and disruption

Speakers:
14:35
- 14:45

Capital requirements, share buybacks and resilience

Speakers:
14:45
- 14:55

Is the glass half full or half empty? Corporate social responsibilities in crisis times

Speakers:
14:55
- 15:00

Q&A

15:00
- 15:05

Welcome- Peking University

Speakers:
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Welcome- Peking University

Time:
15:00h
- 15:05h

Speakers

15:05
- 15:21

Transparency and information disclosure: accounting irregularities of overseas listed Chinese firms

Speakers:
15:21
- 15:37

Corporate Governance after COVID-19

Speakers:
15:37
- 15:53

Pursuing the new order for Chinese capital market

Speakers:
15:53
- 16:00

Q&A

16:00
- 16:30

Break

16:30
- 18:30

Tel Aviv University session - (local time 09:30 – 11:30 IDT)

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Welcome- Tel Aviv University

Time:
16:30h
- 16:35h

Speakers

18:25
- 18:30

Q&A

18:30
- 19:00

Break

19:00
- 21:00

Goethe University Frankfurt session - (local time 11:00 – 13:00 CEST)

19:00
- 19:05

Welcome- Goethe University Frankfurt

Speakers:
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Welcome- Goethe University Frankfurt

Time:
19:00h
- 19:05h

Speakers

20:55
- 21:00

Q&A

21:00
- 21:30

Break

21:30
- 23:30

Swedish House of Finance session (local time 13:30 – 15:30 CEST)

21:30
- 21:35

Welcome- Swedish House of Finance

Speakers:
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Welcome- Swedish House of Finance

Time:
21:30h
- 21:35h

Speakers

23:25
- 23:30

Q&A

23:30
- 00:00

Break

00:00
- 02:00

University of Oxford and Imperial College London session - (local time 15:00 – 17:00 BST)

00:00
- 00:05

Welcome- University of Oxford and Imperial College London

Speakers:
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Welcome- University of Oxford and Imperial College London

Time:
00:00h
- 00:05h

Speakers

01:53
- 02:00

Q&A

02:00
- 02:15

Break

02:15
- 04:15

Columbia University session - (local time 12:15 – 14:15 EDT)

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Welcome- Columbia University

Time:
02:15h
- 02:20h

Speakers

02:20

I. Government responses to the pandemic crisis

02:20
- 02:33

The Fed to the rescue: Unprecedented scope; stretched authority

Speakers:
02:33
- 02:46

The role of the Fed in containing the fallout: Made central but now exposed

Speakers:
02:46
- 02:59

What Wall Street got from the CARES Act

Speakers:
02:59
- 03:12

How to help small businesses survive COVID-19

Speakers:
03:12

II. Private responses to the pandemic crisis

03:12
- 03:25

COVID-19 as a force majeure in corporate transactions

Speakers:
Eric Talley
03:25

III. Enduring questions through the pandemic lens

03:25
- 03:38

Corporate finance in the age of shadow banking

03:38
- 03:51

Short selling and short selling disclosure in a pandemic

Speakers:
Joshua Mitts
03:51
- 04:04

Shareholder value, systematic stewardship, and the missing government

Speakers:
04:04
- 04:15

Q&A

04:15
- 04:30

Break

04:30
- 06:30

Harvard University session - (local time 14:30 – 16:30 EDT)

04:30
- 04:35

Welcome- Harvard University

Speakers:
Back to full programme

Welcome- Harvard University

Time:
04:30h
- 04:35h

Speakers

04:35

COVID-19, corporate finance stress, and bankruptcy

04:35
- 04:53

Macro costs of clogged bankruptcy courts?

Speakers:
05:29
- 05:47

The case against (ordinary) bankruptcy

Speakers:
06:05
- 06:23

Current bankruptcy practice and outdated bankruptcy law

Speakers:
Alan Schwartz
06:23
- 06:30

Q&A

06:30
- 07:00

Break

07:00

Stanford University and Yale University session - (local time 14:00 – 15:20 PDT)

07:00
- 07:05

Welcome- Stanford University and Yale University

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Welcome- Stanford University and Yale University

Time:
07:00h
- 07:05h

Speakers

07:05
- 08:00

Managing through the pandemic: Silicon Valley firms general counsels' perspective

Speakers:
Louise Pentland
08:15
- 08:20

Q&A

09:00

Ends

Speakers

Gen Goto
Tomoyo Matsui
Kerem Nevo
Louise Pentland
Dan Puchniak

Presentations

Back to all presentations

Welcome- Monash University

Time:
09:00h
- 09:05h

Speakers