🗓️ 02 May 2024 Kelly Shue's (Yale School of Management, Yale University) "Incentives and Promotions" online lecture will discuss research on the Peter Principle, which states that hierarchical organisations suffer because effective workers are promoted until they reach their “level of incompetence.” Ep. 2⃣4⃣ of Indiana University - Kelley School of Business Institute for Corporate Governance with The Ostrom Workshop & European Corporate Governance Institute (ECGI). Register now ➡️ https://lnkd.in/dNxc84NA The lecture will also discuss how forecasts of a worker’s management potential can help resolve the #PeterPrinciple problem while creating the unintended consequence of holding women back from management positions. 👤 Organised by: Jun Yang (Kelley School of Business - IU) 👤Moderator: Mila Getmansky Sherman (University of Massachusetts Amherst) #ecgievent #corpgov
European Corporate Governance Institute (ECGI)
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Leading Research with Global Impact
About us
The ECGI is an international scientific non-profit association. The ECGI's primary role is to undertake, commission and disseminate research on corporate governance. The Institute provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice.
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- http://www.ecgi.global
External link for European Corporate Governance Institute (ECGI)
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- 2002
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European Corporate Governance Institute (ECGI) reposted this
Today, the European Parliament adopted the CSDDD. While this marks a significant step in the right direction, it is also a good opportunity to reflect on the winding path that got us here and all the ideas that had to be abandoned along the way. I shared my thoughts on this in last month's ECGI newsletter.
In this month’s ‘In Focus’ edition, we examine the twists and turns of the EU's Corporate Sustainability Due Diligence Directive (CSDDD), the recent last-minute political upheaval and its implications going forward. 👉https://lnkd.in/ec6BPhwB Eleventh-hour withdrawals by several countries necessitated reopening negotiations and amidst rescheduled votes and significant concessions, the directive's scope was narrowed. Initially intended to merge due diligence with governance, the final text sidelines governance aspects, omitting provisions on director duties, remuneration linkage, and shareholder engagement. Nevertheless, the CSDDD remains groundbreaking. Unlike many other corporate sustainability rules, the CSDDD does not just mandate disclosure, but actual operational changes. Companies must proactively prevent adverse impacts on human rights and the environment, aligning with the Paris Agreement's climate goals. Read the full article here – https://lnkd.in/ec6BPhwB So, should we lament the governance setbacks, or view this as an opportunity to address sustainable corporate governance independently? We invite you to share your thoughts and comment on the question below:⬇ Q: Should the EU pursue this topic further? A) Yes, now is the time for a new proposed legislation on sustainable corporate governance or B) No, there is already enough national and international soft and hard law on corporate governance, making additional EU legislation redundant Marleen Och #corpgov #CSDDD
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Our latest conversation is with Prof. Dirk Jenter of the The London School of Economics and Political Science (LSE) on his paper, "Good and Bad CEOs", co-authored with Egor Matveyev (MIT Sloan School of Management) and Lukas Roth (University of Alberta) Dirk discusses his work on the value of good and bad CEOs, based on a study of the impact of sudden CEO deaths. We hope you enjoy the conversation and please visit our website to see the full collection of interviews to date. The key discussion points are: · Unexpected CEO deaths can be used to study the value shareholders attribute to the CEO compared with their expectation of the next best option. · CEO deaths lead to a small reduction in firm value on average but with wide differences based on shareholder perceptions of the value the CEO is adding. · Share price reactions can easily differ by +/-10%, which given that firms in the study are listed US firms often worth $bns, suggests that shareholders attribute hundreds of millions or billions of dollars to the value of the CEO. · Share price reactions also differ by the nature of the firm and CEO, with impact significantly negative for young founders and recently listed firms but positive for older founders, suggesting a tendency for entrenchment of long-standing founders. · Share price reactions correctly predict improving or worsening subsequent real performance, suggesting that shareholder views on CEO value are justified. · The research suggests that some CEOs are very valuable but equally that there are cases where more decisive board action in removing an underperforming CEO could add significant value to some firms. 👉 You can see the full interview here: https://lnkd.in/ecRMymUh We hope you enjoy the conversation. 👉 Subscribe to the series: https://lnkd.in/eWmcDfne Tom Gosling #CEOs #corpgov
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European Corporate Governance Institute (ECGI) reposted this
The Inaugural Asian Corporate Law Forum exceeded my highest expectations. I am grateful to each of the Institutional Members and to Singapore Management University for making this possible. My repeated thanks to European Corporate Governance Institute (ECGI) for being such a wonderful partner in launching this initiative. I am so excited for the next decade of conferences at the leading law faculties in Asia. ACLF 2025 at Chulalongkorn University (24 to 26 March 2025) is going to be amazing.
In 2023, 10 of the leading law faculties in Asia came together with a clear goal: to establish the leading organization in the world for corporate law scholarship in Asia. #SMUYPHSL and its Centre for Commercial Law in Asia (CCLA SMU) is honoured to have hosted the Inaugural Asian Corporate Law Forum. This is the first step, in an exciting journey over the next decade of annual conferences at each founding Institutional Member, to collectively be the leading voice for the highest level of scholarship on corporate law and governance in Asia. SMU and the ACLF would like to congratulate Emeritus Professor Kon Sik Kim (Seoul National University) on receiving the Inaugural ACLF Distinguished Professor Award. We also extend our deepest appreciation to the other ACLF Founding Institutional Members: Chulalongkorn University Faculty of Law; City University of Hong Kong School of Law, O.P. Jindal Global University (O.P. Jindal Global University (JGU)) Law School; Monash University Business School and Faculty of Law (Monash Law); National Taiwan University College of Law; Peking University Law School; Seoul National University School of Law; and The University of Tokyo Graduate Schools for Law and Politics. #SMUYPHSL also extend thanks to the European Corporate Governance Institute (ECGI) for partnering with the Asian Corporate Law Forum and CCLA SMU for supporting this event. The ACLF is also grateful to the Chinese Journal of Comparative Corporate Law (Oxford University Press) – and its Editor-in-Chief, Professor Jiangyu Wang – for providing us with a high impact scholarly output for the Inaugural ACLF. More information on the ACLF: https://lnkd.in/gWEQFsMS
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Call for Views: Does Sustainable Investing Work? Can sustainable investing have meaningful impact, and, if so, on what and in what circumstances? Over the course of three blog articles Tom Gosling & Harald Walkate share their views, with the aim of provoking reaction, criticism, alternative views and support. Please join us in this debate. “There is an active debate about sustainable investing, what it is, and whether it works. Is it just about managing the risks and opportunities created by society’s transition towards a more sustainable economy? Is it just about investing in companies that do things that align with our values and avoid those that appear to be causing problems? Or is it about impact – using our investments to contribute actively to making the world a better place?” 👉 Read more here: https://lnkd.in/e8kuAmWZ What do you think? We would like to hear your views on sustainable investing. Please consider sending your crisply written and argued opinions to ECGI — either in blog format (800 to 900 words) or as a 'Letter to the Editor'. Email: blog@ecgi.org. We look forward to reading your views. #sustainableinvesting The ECGI Blog is kindly supported by Board Foundation
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📢 Academic session spotlight! 🗓️12-13 June 2024 | 📍Vilnius, Lithuania 👥 Join us for the BFFI-ECGI Conference on "The Role of Family Firms in Long-Term Sustainability," hosted by ISM University of Management and Economics. 💠 Igor Kadach (IESE Business School) will present on “Assessing CEO Compensation and Governance Practices in Family-Owned Businesses with an ESG Focus,” followed by a discussion from Karl Lins (University of Utah). Krista Jaakson (University of Tartu and BFFI) will moderate this session. 🙏 Special thanks to our sponsors, Baltic-American Freedom Foundation, Signet Bank, Sorainen, and ViaClarus. 🌐 Organisers: Baltic Family Firm Institute (BFFI), ISM University of Management and Economics, European Corporate Governance Institute (ECGI), and Rīgas Ekonomikas augstskola - Stockholm School of Economics in Riga. 🎟️Secure your spot now: https://lnkd.in/de2ryPxt #ecgievent #responsiblecapitalism #familybusiness #sustainability
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📢 Academic session spotlight! 🗓️12-13 June 2024 | 📍Vilnius, Lithuania 👥 Join us for the BFFI-ECGI Conference on "The Role of Family Firms in Long-Term Sustainability," hosted by ISM University of Management and Economics. 💠 Prof. Dr. Marc Steffen Rapp (The Philipp University of Marburg) will present on “Better Safe Than Sorry – Labor Market Regulation and Cash Holdings of Founding Family Firm,” followed by a discussion from Jānis Bērziņš (BI Norwegian Business School). Krista Jaakson (University of Tartu and BFFI) will moderate this session. 🙏 Special thanks to our sponsors, Baltic-American Freedom Foundation, Signet Bank, Sorainen, and ViaClarus. 🌐 Organisers: Baltic Family Firm Institute (BFFI), ISM University of Management and Economics, European Corporate Governance Institute (ECGI), and Rīgas Ekonomikas augstskola - Stockholm School of Economics in Riga. 🎟️Secure your spot now: https://lnkd.in/de2ryPxt #ecgievent #responsiblecapitalism #familybusiness #sustainability
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📢 Academic session spotlight! 🗓️12-13 June 2024 | 📍Vilnius, Lithuania 👥 Join us for the BFFI-ECGI Conference on "The Role of Family Firms in Long-Term Sustainability," hosted by ISM University of Management and Economics. 💠 Anete Pajuste (Rīgas Ekonomikas augstskola - Stockholm School of Economics in Riga; BFFI and ECGI) will present on “Family Firm Performance and the First-Generation Change: Evidence from Latvia,” followed by a discussion from Halit Gonenc (University of Groningen). Krista Jaakson (University of Tartu and BFFI) will moderate this session. 🙏 Special thanks to our sponsors, Baltic-American Freedom Foundation, Signet Bank, Sorainen, and ViaClarus. 🌐 Organisers: Baltic Family Firm Institute (BFFI), ISM University of Management and Economics, European Corporate Governance Institute (ECGI), and Rīgas Ekonomikas augstskola - Stockholm School of Economics in Riga. 🎟️Secure your spot now: https://lnkd.in/de2ryPxt #ecgievent #responsiblecapitalism #familybusiness #sustainability
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📢 Don't miss out on this upcoming hybrid conference on #ESG! 🗓️Join us on 1st May for insights into the US and EU ESG paths, SEC's #climatechange disclosure rule, and more. The event in memory of Ira M. Millstein (Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School Founder and Weil, Gotshal & Manges LLP Senior Partner) is co-sponsored by Columbia Law School and Weil, Gotshal & Manges LLP in collaboration with Broadridge and communications partner European Corporate Governance Institute (ECGI). 💻Register for in-person attendance at Columbia University or online participation: https://lnkd.in/dXMf2cmt 👥 The conference will feature introductory remarks by Jim Millstein (Co-Chairman, Guggenheim Securities, LLC) and a conversation with Erik Gerding (Director, Division of Corporation Finance, U.S. Securities and Exchange Commission), moderated by Eric Talley (Isidor and Seville Sulzbacher Professor of Law and Faculty Co-Director of the Ira M. Millstein Center for Global Markets and Corporate Ownership, Columbia Law School). #ecgievent
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Great papers and awesome authors - a worthy reading list! Congratulations Prof. Goshen and all 👇
Jerome L. Greene Professor of Transactional Law at Columbia Law School, and ECGI Research Member.
I am happy and honored that two of my co-authored articles were included in The Top 10 Corporate and Securities Articles of 2023. I am grateful for the generous votes from my peers. With Reilly S. Steel, Barbarians Inside the Gates: Raiders, Activists, and the Risk of Mistargeting, Yale Law Journal Download the article here: https://lnkd.in/diWrq5qf With Doron Levit, Agents of Inequality: Common Ownership And The Decline Of The American Worker, Duke Law Journal Download the article here: https://lnkd.in/eixp6RkE #law #hedgefunds #securitiesregulation #managment #innovation #corporatelaw #corporategovernance #columbialawschool #yalelawjournal #dukelawjournal