ECGI Asia Corporate Governance Dialogue - 2017

ECGI Asia Corporate Governance Dialogue - 2017

  • 07 July 2017
  • Singapore

This conference series was established in 2011 by the European corporate Governance Institute (ECGI) and the University of Tokyo in order to engage academics and practitioners in a constructive dialogue between the ECGI and Asia on issues of concern in the field of corporate governance. The ECGI Asia Corporate Governance Dialogue (EACGD) is supported by the Financial Research Center of the Japanese Financial Services Agency. ​

Information

Address:
NUS Law School, Singapore
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

07 July 2017

09:30

Registration & Coffee

10:00

Welcome - Simon Chesterman, Dean and Professor of Law, NUS Law

10:10

Opening Remarks - Gerard Hertig, Vice‐Chairman, European Corporate Governance Institute

10:15
- 12:15

Session 1 ‐ Agency Issues Revisited

10:15
- 11:00

Why do Boards Exist? Governance Design in the Absence of Corporate Law

Back to full programme

Why do Boards Exist? Governance Design in the Absence of Corporate Law

Time:
10:15h
- 11:00h

We study how owners trade off the costs and bene ts of establishing a board in a historical setting, where boards are optional and authority over corporate decisions can be freely allocated across the general meeting, the board, and management. We  nd that large owners and boards are substitutes and that boards exist in  rms most prone to collective action problems. Boards monitor, advise, and mediate among shareholders, and these different roles entail different allocations of authority. Boards also arise to balance the need for small shareholder protection with the need to curb managerial discretion.

Speakers

Conference Documents

11:00
- 11:45

Hard and Soft Information: Firm Disclosure, SEC Letters, and the JOBS Act

Speakers:
Back to full programme

Hard and Soft Information: Firm Disclosure, SEC Letters, and the JOBS Act

Time:
11:00h
- 11:45h

Speakers

Conference Documents

12:15
- 13:15

Lunch

13:15
- 15:00

Session 2 ‐ Investor Power

13:15
- 14:00

Contracting for Resilient Infrastructures

Speakers:
Back to full programme

Contracting for Resilient Infrastructures

Time:
13:15h
- 14:00h

Speakers

Conference Documents

14:00
- 14:45

Foreign Investor Voice in Japan: An Overview

Speakers:
15:00
- 15:30

Coffee break

15:30
- 17:15

Session 3 ‐ The Role of Politics

15:30
- 16:15

Conceiving Corporate Governance for an Asian Environment

Speakers:
16:15
- 17:00

China’s Closed Pyramidal Managerial Labor Market and the Stock Price Crash Risk

Speakers:
17:15
- 17:30

Conclusions - Luh Luh Lan, NUS Law & NUS Business School

Speakers

Presentations

Back to all presentations

Why do Boards Exist? Governance Design in the Absence of Corporate Law

Time:
10:15h
- 11:00h

We study how owners trade off the costs and bene ts of establishing a board in a historical setting, where boards are optional and authority over corporate decisions can be freely allocated across the general meeting, the board, and management. We  nd that large owners and boards are substitutes and that boards exist in  rms most prone to collective action problems. Boards monitor, advise, and mediate among shareholders, and these different roles entail different allocations of authority. Boards also arise to balance the need for small shareholder protection with the need to curb managerial discretion.

Speakers

Conference Documents

Hard and Soft Information: Firm Disclosure, SEC Letters, and the JOBS Act

Back to all presentations

Hard and Soft Information: Firm Disclosure, SEC Letters, and the JOBS Act

Time:
11:00h
- 11:45h

Conference Documents

Back to all presentations

Contracting for Resilient Infrastructures

Time:
13:15h
- 14:00h

Speakers

Conference Documents

Foreign Investor Voice in Japan: An Overview

Back to all presentations

Foreign Investor Voice in Japan: An Overview

Time:
14:00h
- 14:45h

Conference Documents

Conceiving Corporate Governance for an Asian Environment

China’s Closed Pyramidal Managerial Labor Market and the Stock Price Crash Risk

Panel Discussions