Panel Discussion II | The global rebalancing of corporate governance norms

The panel addressed a shift away from decades of assumed convergence toward what Mark Carney has called "variable geometry," a geopolitical fragmentation replacing global integration. Jennifer Hill (Monash University, ECGI) grounded the discussion in Gordon's recent chapter distinguishing two axes of corporate law: the familiar internal governance axis, and an emerging "externalities governance" axis, exemplified by climate disclosure, where divergence may follow competing Brussels, Washington, or Beijing models. The panel compared how the US, Europe, and Asia are moving in different, sometimes opposite, directions along both.