Annual Members Meeting 2009

Annual Members Meeting 2009

  • 16 - 17 April 2009
  • Paris, France

The ECGI's seventh General Assembly took place on Friday 17 April 2009 at the Chambre de commerce et d'industrie de Paris. The Annual Lecture was given by Professor Franklin Allen, Nippon Life Professor of Finance and Economics at the The Wharton School, University of Pennsylvania and ECGI Fellow. His presentation "Corporate governance and the current crisis" and the panel discussion that followed were conducted under the Chatham House rule.

The Standard Life Investments Finance Prize was won by Xavier Giroud, New York University, Holger Mueller, New York University, CEPR and ECGI with:

Corporate Governance, Product Market Competition, and Equity Prices (ECGI Finance Working Paper No. 219/2008)

The Law Prize was won by John Armour, University of Oxford and ECGI, Simon Deakin, University of Cambridge and ECGI, Prabirjit Sarkar, Jadavpur University, Mathias Siems, University of East Anglia, Ajit Singh, University of Cambridge with:

Shareholder Protection and Stock Market Development: An Empirical Test of the Legal Origins Hypothesis (ECGI Law Working Paper No. 108/2008)

 

Information

Address:
Paris Chamber of Commerce and Industry
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

16 April - Day 1

19:30

Dinner at Drugstore Publicis – Le Marcel and Presentation of the 2009 ECGI Working Paper Series Prizes

17 April - Day 2

09:00
- 10:45

Annual General Meeting of the ECGI - Chambre de Commerce et d'Industrie, Paris

10:45
- 11:00

Break

11:00
- 12:00

Annual Lecture - Corporate governance and the current crisis

Speakers:
Back to full programme

Annual Lecture - Corporate governance and the current crisis

Time:
11:00h
- 12:00h

Professor Allen will give his views on the importance of corporate governance in times of crisis.  The Anglo-Saxon model of shareholder dominance works very well when things are going well because it allows resources to be reallocated efficiently.  In times of crisis, as currently, it leads to the instability we are currently seeing in the US, the UK and elsewhere.  Firms are laying off workers in large numbers, unemployment is soaring, and this is having large feedback effects.  In Japan in the 1990’s we did not see this.  Stakeholder governance has big advantages in this kind of situation.

Speakers

Speakers

Presentations

Back to all presentations

Annual Lecture - Corporate governance and the current crisis

Time:
11:00h
- 12:00h

Professor Allen will give his views on the importance of corporate governance in times of crisis.  The Anglo-Saxon model of shareholder dominance works very well when things are going well because it allows resources to be reallocated efficiently.  In times of crisis, as currently, it leads to the instability we are currently seeing in the US, the UK and elsewhere.  Firms are laying off workers in large numbers, unemployment is soaring, and this is having large feedback effects.  In Japan in the 1990’s we did not see this.  Stakeholder governance has big advantages in this kind of situation.

Speakers

Panel Discussions