2020 ECGI Annual Members’ Meeting
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Hosted by Swedish House of Finance
15 October | Online
About the Event:
This event was co-sponsored by the Swedish House of Finance (SHoF) at Stockholm School of Economics, the European Corporate Governance Institute (ECGI) and the European Corporate Governance Research Foundation (ECGRF). It brought together senior academics and thought-leaders in business to discuss a range of important topics.
Open to the public:
The 2020 Wallenberg Lecture (15 October)
Panel Discussion (15 October)
Prize Sessions (15 October)
ECGI Members only:
ECGI General Assembly Meeting (15 October) | Download programme
Sustainable Finance Conference (16 and 17 October) | see separate programme
Supported by:
Thursday 15 October 2020
ECGI General Assembly Meeting (members only)
Break
The 2020 Wallenberg Lecture (public event)- 'The Relative Effectiveness of Exit and Voice Strategies'
Speakers:
Discussant:
The 2020 Wallenberg Lecture (public event)- 'The Relative Effectiveness of Exit and Voice Strategies'
About the Lecture
'The Relative Effectiveness of Exit and Voice Strategies'
In recent years, companies have come under increasing stakeholder pressure to pursue environmental and social goals. At the same time a growing academic literature has argued that the usual presumption that firms should maximize profit or market value is no longer valid in a world where, as result of political failures either at the national or international level, externalities are not well-controlled. In his talk, Prof. Hart considered the relative effectiveness of exit (divestment and boycott) and voice (engagement) strategies in promoting socially desirable outcomes in companies. He argued that in a competitive world exit is less effective than voice in pushing firms to act in a socially responsible manner. He also discussed what social and legal considerations might sometimes make exit preferable to voice.
The talk was based on the ECGI Working Paper 694/2020: Eleonora Broccardo, Oliver Hart, Luigi Zingales Exit vs. Voice (01 Sep 2020) Available at ECGI: https://ecgi.global/working-paper/exit-vs-voice
Speakers
Discussants
ECGI Working Paper Prize Sessions (public event):
Aberdeen Standard Investments (Finance Prize): Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests
Speakers:
Aberdeen Standard Investments (Finance Prize): Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests
Please see link below to the ECGI finance working paper 601/2019.
Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests
Speakers
Cleary Gottlieb Hamilton & Steen (Law Prize): The Grip of Nationalism on Corporate Law
Speakers:
Cleary Gottlieb Hamilton & Steen (Law Prize): The Grip of Nationalism on Corporate Law
Please see link below to the ECGI law working paper 437/2019.
Speakers
Closing Remarks
Speakers
Presentations
The 2020 Wallenberg Lecture (public event)- 'The Relative Effectiveness of Exit and Voice Strategies'
The 2020 Wallenberg Lecture (public event)- 'The Relative Effectiveness of Exit and Voice Strategies'
About the Lecture
'The Relative Effectiveness of Exit and Voice Strategies'
In recent years, companies have come under increasing stakeholder pressure to pursue environmental and social goals. At the same time a growing academic literature has argued that the usual presumption that firms should maximize profit or market value is no longer valid in a world where, as result of political failures either at the national or international level, externalities are not well-controlled. In his talk, Prof. Hart considered the relative effectiveness of exit (divestment and boycott) and voice (engagement) strategies in promoting socially desirable outcomes in companies. He argued that in a competitive world exit is less effective than voice in pushing firms to act in a socially responsible manner. He also discussed what social and legal considerations might sometimes make exit preferable to voice.
The talk was based on the ECGI Working Paper 694/2020: Eleonora Broccardo, Oliver Hart, Luigi Zingales Exit vs. Voice (01 Sep 2020) Available at ECGI: https://ecgi.global/working-paper/exit-vs-voice
Speakers
Discussants
Aberdeen Standard Investments (Finance Prize): Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests
Please see link below to the ECGI finance working paper 601/2019.
Picking Friends Before Picking (Proxy) Fights: How Mutual Fund Voting Shapes Proxy Contests
Speakers
Cleary Gottlieb Hamilton & Steen (Law Prize): The Grip of Nationalism on Corporate Law
Cleary Gottlieb Hamilton & Steen (Law Prize): The Grip of Nationalism on Corporate Law
Please see link below to the ECGI law working paper 437/2019.