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:
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:
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Information
16 April - Day 1
Dinner at Drugstore Publicis – Le Marcel and Presentation of the 2009 ECGI Working Paper Series Prizes
17 April - Day 2
Annual General Meeting of the ECGI - Chambre de Commerce et d'Industrie, Paris
Break
Annual Lecture - Corporate governance and the current crisis
Speakers:
Annual Lecture - Corporate governance and the current crisis
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
Stakeholder Capitalism, Corporate Governance and Firm Value
In countries such as Germany, the legal system ensures that firms are stakeholder oriented. In others, like Japan, social norms achieve a similar...
Read more
International Evidence on Firm Level Decisions in Response to the Crisis: Shareholders vs. Other Stakeholders
The relationship between changes in GDP and unemployment during the 2008 financial crisis differed significantly from previous experiences and...
Read more
Panel Discussion 2009
Moderator
Panelists
Speakers
Presentations
Annual Lecture - Corporate governance and the current crisis
Annual Lecture - Corporate governance and the current crisis
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
Stakeholder Capitalism, Corporate Governance and Firm Value
In countries such as Germany, the legal system ensures that firms are stakeholder oriented. In others, like Japan, social norms achieve a similar...
Read more
International Evidence on Firm Level Decisions in Response to the Crisis: Shareholders vs. Other Stakeholders
The relationship between changes in GDP and unemployment during the 2008 financial crisis differed significantly from previous experiences and...
Read morePanel Discussions
Panel Discussion 2009
Panel Discussion 2009
Moderator
Panelists
Event Gallery
