ECGI Annual Members' Meeting 2018
- 03 - 04 May 2018
- •
- ESMT, Berlin
** Click here to access the summary report from the event **
The 2018 ECGI Annual Members' Meeting took place at ESMT, Berlin on 3 - 4 May 2018.
Open to the public:
Focus Panel (3 May)
Oxford-Style Debate (3 May)
Annual Lecture (4 May)
Working Paper Prizegiving (4 May)
Members only:
Members dinner (3 May)
EGM and AGM (4 May)
To access the agenda and papers for the EGM and AGM (4 May 2018) please click here. Please note that you must be logged in to access these documents (members only). To log in, please enter your username (usually your email address) and your password in the top right of the website. If you do not know your password, please select the reset password option and follow the instructions.
If you would like to become a member of ECGI, please click here to find out more.
Information
3 May - Day 1
Registration
Focus Panel - Common Ownership: Antitrust Meets Corporate Governance- keynote presentation by Prof. Xavier Vives
Moderator:
Panelists:
Focus Panel - Common Ownership: Antitrust Meets Corporate Governance- keynote presentation by Prof. Xavier Vives
The ECGI focus panel on “Common Ownership: Antitrust Meets Corporate Governance”, moderated by Prof. Marco Becht (ULB), composed of Prof. Xavier Vives (IESE), Barbara Novick (BlackRock), and Greg Medcraft (OECD). The panel discussed the challenges faced by asset managers holding significant stakes in multiple companies in the same industry. The discussion brought out very clearly the tension between increased stewardship and governance involvement on the one hand, and concerns about potential collusion between competing firms having the same shareholders. The discussion highlighted the desirability of increased stewardship engagement that does not impair product market competition and thus entails no antitrust liability risk for asset managers.
Click here to access Prof. Xavier Vives' working paper.
Click here to access Prof. Xavier Vives' slide presentation.
Moderator
Panelists
Tea/ coffee break
Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers"
Discussant:
Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers"
The Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers" which took place at the ECGI Annual Members' Meeting at ESMT Berlin in 2018. Arguing for the Proposition: Levin Holle (German Federal Ministry of Finance) and Peter Montagnon (Institute of Business Ethics). Arguing for the Opposition: Professors John C. Coffee (Columbia Law) and Ernst-Ludwig von Thadden (University of Mannheim). The debate was chaired by Lisa Rabbe (ECGI).
Discussants
Extraterritorial Financial Regulation: Why E.T. Can?t Come Home
Systemic risk poses a classic ?public goods? problem. All nations want systemic stability, but most would prefer that other nations pay for it, allowing...
Read more
Stock Market Returns, Corporate Governance and Capital Market Equilibrium
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the...
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Global Settlements: Promise and Peril
In 2010, Morrison v. National Australia Bank Ltd. destabilized the world of securities litigation by denying those who purchased their securities...
Read more
Why Do Auditors Fail? What Might Work? What Won't?
Auditing failures and scandals have become commonplace. In response, reformers (including the Kingman Review in the U.K and a recent report of the...
Read more
Ratings Reform: The Good, The Bad, and The Ugly
Both in Europe and in the United States, major steps have been taken to render credit rating agencies more accountable. But do these steps address the...
Read more
The Future of Disclosure: ESG, Common Ownership, and Systematic Risk
The U.S. securities markets have recently undergone (or are undergoing) three fundamental transitions: (1) institutionalization (with the result...
Read more
Mapping the Future of Insider Trading Law: Of Boundaries, Gaps, and Strategies
The current law on insider trading is arbitrary and unrationalized in its limited scope in a number of respects. For example, if a thief breaks into your...
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Dispersed Ownership: The Theories, the Evidence, and the Enduring Tension Between 'Lumpers' and 'Splitters'
From a global perspective, the single most noticeable fact about corporate governance is the radical dichotomy between dispersed ownership and...
Read moreAnnual Members Dinner - Refugium Restaurant
Speakers:
Annual Members Dinner - Refugium Restaurant
The 2018 Members' Dinner speaker was Dr. Eckhard Cordes, German Industrialist with over 20 years experience working on 13 separate boards in various geographic regions. Watch Dr. Cordes impart his views and share his experiences with ECGI members.
Speakers
4 May - Day 2
Registration for ECGI AGM- ESMT
ECGI- EGM & AGM
Tea/ coffee break
Annual Lecture - “Is Big Data a Challenge for Boards?”
Speakers:
Annual Lecture - “Is Big Data a Challenge for Boards?”
The ECGI Annual Lecture 2018, delivered by Prof. Antoinette Schoar, Michael M. Koerner (49’) Professor of Entrepreneurial Finance, at ESMT Berlin. The title of the lecture was: "Is Big Data a Challenge for Boards?"
Speakers
Conference Documents
ECGI 2018 Working Paper Prizes (Law & Finance)
Light Reception
Speakers
Presentations
Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers"
Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers"
The Oxford Union-style debate - "This House believes that Brussels should have the power to block foreign takeovers" which took place at the ECGI Annual Members' Meeting at ESMT Berlin in 2018. Arguing for the Proposition: Levin Holle (German Federal Ministry of Finance) and Peter Montagnon (Institute of Business Ethics). Arguing for the Opposition: Professors John C. Coffee (Columbia Law) and Ernst-Ludwig von Thadden (University of Mannheim). The debate was chaired by Lisa Rabbe (ECGI).
Speakers
Discussants
Why Do Auditors Fail? What Might Work? What Won't?
Auditing failures and scandals have become commonplace. In response, reformers (including the Kingman Review in the U.K and a recent report of the...
Read more
Litigation Governance: Taking Accountability Seriously
Both Europe and the United States are rethinking their approach to aggregate litigation. In the United States, class actions have long been organized...
Read more
Global Settlements: Promise and Peril
In 2010, Morrison v. National Australia Bank Ltd. destabilized the world of securities litigation by denying those who purchased their securities...
Read more
The Future of Disclosure: ESG, Common Ownership, and Systematic Risk
The U.S. securities markets have recently undergone (or are undergoing) three fundamental transitions: (1) institutionalization (with the result...
Read more
Extraterritorial Financial Regulation: Why E.T. Can?t Come Home
Systemic risk poses a classic ?public goods? problem. All nations want systemic stability, but most would prefer that other nations pay for it, allowing...
Read more
The Agency Costs of Activism: Information Leakage, Thwarted Majorities, and the Public Morality
Few doubt that hedge fund activism has radically changed corporate governance in the United States -- for better or for worse. Proponents see activists...
Read more
The Impact of Hedge Fund Activism: Evidence and Implications
Hedge fund activism has increased almost hyperbolically. Some view this optimistically as a means for bridging the separation of ownership and...
Read more
Annual Members Dinner - Refugium Restaurant
Annual Members Dinner - Refugium Restaurant
The 2018 Members' Dinner speaker was Dr. Eckhard Cordes, German Industrialist with over 20 years experience working on 13 separate boards in various geographic regions. Watch Dr. Cordes impart his views and share his experiences with ECGI members.
Speakers
Annual Lecture - “Is Big Data a Challenge for Boards?”
Annual Lecture - “Is Big Data a Challenge for Boards?”
The ECGI Annual Lecture 2018, delivered by Prof. Antoinette Schoar, Michael M. Koerner (49’) Professor of Entrepreneurial Finance, at ESMT Berlin. The title of the lecture was: "Is Big Data a Challenge for Boards?"
Speakers
Conference Documents
Panel Discussions
Focus Panel - Common Ownership: Antitrust Meets Corporate Governance- keynote presentation by Prof. Xavier Vives
Focus Panel - Common Ownership: Antitrust Meets Corporate Governance- keynote presentation by Prof. Xavier Vives
The ECGI focus panel on “Common Ownership: Antitrust Meets Corporate Governance”, moderated by Prof. Marco Becht (ULB), composed of Prof. Xavier Vives (IESE), Barbara Novick (BlackRock), and Greg Medcraft (OECD). The panel discussed the challenges faced by asset managers holding significant stakes in multiple companies in the same industry. The discussion brought out very clearly the tension between increased stewardship and governance involvement on the one hand, and concerns about potential collusion between competing firms having the same shareholders. The discussion highlighted the desirability of increased stewardship engagement that does not impair product market competition and thus entails no antitrust liability risk for asset managers.
Click here to access Prof. Xavier Vives' working paper.
Click here to access Prof. Xavier Vives' slide presentation.
Moderator
Panelists
Event Gallery
