Short-termism

Related event:

ECGI Policy Workshop (Online) | European Commission study by Ernst & Young (EY) on 'Directors’ Duties and Sustainable Corporate Governance'

11-13 November 2020 | 3 days | 14:30 - 17:00 (CET) | 10:30 - 13:00 (EDT) 

Based on a study by Ernst & Young (EY) on directors’ duties and sustainable corporate governance published earlier this year, the European Commission is considering broad-sweeping reforms of corporate governance which will deeply affect European companies. The EY study has stimulated a lively discussion about the impact of short-termism. A number of scholars responded to the Commission’s consultation, urging policymakers to consider the full extent of the existing literature and established findings on the topics referenced. In an effort to address these gaps and to contribute to the current policy debate, ECGI will convene leading scholars in a workshop format to discuss these issues. Following an initial presentation of the report, ECGI research members will then discuss the topics covered by the report and the policy options currently considered by the European Commission.

Useful links:
EY Report: https://bit.ly/3jcBBUt
All Public Responses to the Consultation: https://bit.ly/3khuNGq
Submitted Response from Wolf-Georg Ringe: https://bit.ly/3jhTxgx
Submitted Response from Paul Davies and Rolf Skog (ECLE group): https://bit.ly/3dPqY95
Submitted Response from Mark Roe and Holger Spamann: https://bit.ly/2TdHRkp
Submitted Response from Alex Edmans: https://bit.ly/2TdxBIJ
Submitted Response from Steen Thomsen: https://bit.ly/3kfjuyJ and https://bit.ly/2Hb9Xui

Related event:

ECGI Policy Workshop (Online) | European Commission study by Ernst & Young (EY) on 'Directors’ Duties and Sustainable Corporate Governance'

11-13 November 2020 | 3 days | 14:30 - 17:00 (CET) | 10:30 - 13:00 (EDT) 

Based on a study by Ernst & Young (EY) on directors’ duties and sustainable corporate governance published earlier this year, the European Commission is considering broad-sweeping reforms of corporate governance which will deeply affect European companies. The EY study has stimulated a lively discussion about the impact of short-termism. A number of scholars responded to the Commission’s consultation, urging policymakers to consider the full extent of the existing literature and established findings on the topics referenced. In an effort to address these gaps and to contribute to the current policy debate, ECGI will convene leading scholars in a workshop format to discuss these issues. Following an initial presentation of the report, ECGI research members will then discuss the topics covered by the report and the policy options currently considered by the European Commission.

Useful links:
EY Report: https://bit.ly/3jcBBUt
All Public Responses to the Consultation: https://bit.ly/3khuNGq
Submitted Response from Wolf-Georg Ringe: https://bit.ly/3jhTxgx
Submitted Response from Paul Davies and Rolf Skog (ECLE group): https://bit.ly/3dPqY95
Submitted Response from Mark Roe and Holger Spamann: https://bit.ly/2TdHRkp
Submitted Response from Alex Edmans: https://bit.ly/2TdxBIJ
Submitted Response from Steen Thomsen: https://bit.ly/3kfjuyJ and https://bit.ly/2Hb9Xui

Topic Contributors

Professor Vyacheslav Fos

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Research Member

Associate Professor of Finance and Hillenbrand Family Faculty Fellow

from Boston College

Professor Karin Thorburn

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Research Member

Professor of Finance

from Norwegian School of Economics

Professor Ulrich Hege

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Research Member

Professor and Vice President

from Toulouse School of Economics

Professor Miguel Ferreira

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Research Member

Banco BPI Professor of Finance

from Campus de Campolide

Professor Michal  Barzuza

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Research Member

Nicholas E. Chimicles Research Professor of Business Law and Regulation

from UVA Law

Professor Viral Acharya

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Fellow, Research Member

C.V. Starr Professor of Economics

from Leonard N. Stern School of Business, New York University

Professor Patrick Bolton

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Fellow, Research Member

Barbara and David Zalaznick Professor of Business

from Columbia Business School

Professor Raghuram Rajan

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Fellow, Research Member

Joseph L. Gidwitz Distinguished Service Professor of Finance

from University of Chicago

Professor Paolo Volpin

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Research Member

Acting Dean and Professor of Finance

from Cass Business School, Faculty of Finance

Professor Amil Dasgupta

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Research Member

Professor of Finance

from London School of Economics

Professor Mike Burkart

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Fellow, Research Member

Professor of Finance

from London School of Economics and Political Science

Professor Marco Pagano

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Fellow, Research Member

Professor of Economics, Facoltà di Economia

from Università di Napoli Federico II

Professor Dirk Hackbarth

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Research Member

Professor of Finance

from Boston University

Professor Mariassunta Giannetti

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Research Member

Professor of Finance

from Stockholm School of Economics

Professor Alessio Pacces

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Research Member

Professor of Law and Finance

from Amsterdam Law School and Business School, University of Amsterdam

Professor Alexander Ljungqvist

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Research Member

Stefan Persson Family Professor of Entrepreneurial Finance

from Stockholm School of Economics

Professor Mark Roe

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Fellow, Research Member

David Berg Professor of Law

from Harvard Law School

Professor Holger Spamann

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Research Member

Professor of Law

from Harvard Law School

Professor Joseph McCahery

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Research Member

Professor of International Economic Law and Professor of Financial Market Regulation

from Tilburg University Faculty of Law and Tilburg Law and Economics Center

Professor B. Espen Eckbo

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Research Member

Tuck Centennial Professor of Finance

from Tuck School of Business at Dartmouth

Professor Alex Edmans

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Fellow, Research Member

Professor of Finance

from London Business School

Professor Erik Vermeulen

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Research Member

Professor of Business & Financial Law

from Tilburg University

Professor Jesse Fried

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Research Member

Professor of Law

from Harvard Law School

Professor Pedro Matos

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Research Member

John G. Macfarlane Family Chair - Professor of Business Administration (Finance)

from Darden School of Business, University of Virginia