Annual Members Meeting 2008

10 - 11 April 2008
•
Barcelona, Spain

The ECGI's sixth General Assembly took place on Friday 11 April 2008 at the IESE Business School, Barcelona. The Annual Lecture was given by Professor Luigi Zingales, Robert C. McCormack Professor Entrepreneurship & Finance, University of Chicago Graduate School of Business. His presentation "Board Elections : Is Italy a Model for the Rest of Us?" and the panel discussion that followed were conduct under the Chatham House rule.

The Egon Zehnder International Prize was won by Daniel Ferreira, London School of Economics, CEPR and ECGI, Miguel Ferreira, ISCTE Business School and Clara Raposo, ISCTE Business School with:

Board Structure and Price Informativeness (ECGI Finance Working Paper No. 160/2007)

The Standard Life Investments Finance Prize was won by Rui Albuquerque, Boston University, CEPR and ECGI and Neng Wang Columbia Business School with:

Agency Conflicts, Investment, and Asset Pricing (ECGI Finance Working Paper No. 167/2007)

The De Brauw Blackstone Westbroek Law Prize was won by Sanjai Bhagat, University of Colorado at Boulder, Leeds School of Business, Brian Bolton, University of New Hampshire, Whittemore School of Business & Economics and Roberta Romano, Yale Law School, NBER with:

The Promise and Peril of Corporate Governance Indices (ECGI Law Working Paper No. 089/2007)

Information

Address:

IESE, University of Navarra, Barcelona

Contact:

Elaine McPartlan

European Corporate Governance Institute (ECGI)

admin@ecgi.org

10 April - Day 1

19:30

Dinner and Presentation of the 2008 ECGI Working Paper Series Prizes

11 April - Day 2

09:30

- 11:30

Annual General Meeting of the ECGI - IESE Business School, Barcelona

11:30

- 12:00

Break

12:00

- 13:00

Annual Lecture - Board Elections : Is Italy a Model for the Rest of Us?

Speakers:

Luigi Zingales

Annual Lecture - Board Elections : Is Italy a Model for the Rest of Us?

Time:

12:00h

- 13:00h

Italy is known for its exquisite food, wonderful monuments, and sleek design. But it is not known for the quality of its corporate governance system and even less so for the quality of its laws protecting minority investors. Nevertheless, in Italy one of the most interesting experiments in corporate governance is taking place. A law introduced the requirement that at least one Board Member of every listed company be appointed by minority shareholders. Does this system work? While it is too early to be able to provide a systematic analysis, Professor Zingales will discuss costs and benefits of this system and the challenges ahead.

The lecture and the subsequent debate were conducted under the Chatham House rule.