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Introduction to the Network Recent corporate governance scandals in the United
States and Europe, some of which have triggered the largest insolvencies
in history, have caused a crisis of confidence in the corporate sector.
As a result, corporate governance has entered the vocabulary of not only
of researchers but also of pension fund beneficiaries, employees of all
ranks, chief executive officers and Prime Ministers. Improving corporate
governance is now recognized in most countries and policy circles to have
first-order macroeconomic consequences and has become a mainstream concern. The ECGTN project is funded by the European Commission under the Marie Curie Research Actions. Its duration is 48 months, starting in June 2004. The Co-ordinator of the network will be Marco Becht of the Centre for Economic Policy Research (CEPR). For the duration of this project, this ECGTN website, www.ecgtn.org, will act as a focal point of information and communication for all those involved in the project and in the general interest for the public at large. In particular, it will highlight the network's research.
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