The ECGI news section is focused on news about ECGI, events, projects, publications and ECGI members. It is not intended as a news site to share media stories about corporate governance. Queries about news stories can be directed to

    E.g., 2021-10-17
    E.g., 2021-10-17

    Australia’s Altered Climate Risk Framework - Key Pressure Points from Regulators, Courts and Increased Shareholder and Community Activism

    Over the last 12 months, there have been important developments in Australia in relation to climate change risks. Australian regulators have set a clear expectation that entities and their officers must not only disclose material climate risks but also take proactive measures to mitigate those risks to avoid liability...

    21 July 2021

    Corporate Governance, the Depth of Altruism and the Polyphony of Voice

    This post responds to the paper 'Exit v. Voice' by Eleonora Broccardo, Oliver Hart, and Luigi Zingales (BHZ). The paper discusses two possible mechanisms by which an ‘altruistic’ investor (ie, an investor who derives some utility from conferring a social benefit) can induce firms to change their behaviour in a socially responsible way, ‘exit’ (divestment) and ‘voice’ (shareholder voting).

    20 July 2021

    George Stigler and the Challenge of Democracy

    In his 1971 article on the theory of economic regulation, George Stigler noted insightfully that the engagement of corporations with governments affects economic outcomes, and that imbalances of power and expertise can distort democracy and harm society...

    19 July 2021