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Inaugural Network Conference
 
 
28-29 January 2005
Hosted by the Saïd Business School, Oxford
 

Programme committee:
Guido Ferrarini, University of Genoa and ECGI, Gerard Hertig, Swiss Federal Institute of Technology and ECGI, Colin Mayer, Saïd Business School, CEPR and ECGI, and Javier Suarez, Centro de Estudios Monetarios y Financieros (CEMFI), CEPR and ECGI
Conference organisers:
Marco Becht, Université Libre de Bruxelles (ULB), CEPR and ECGI, Alison Gomm, OXREP, Tim Jenkinson, Saïd Business School, CEPR and ECGI, Christine Miller, ECGI and Christine Seal, Saïd Business School

Programme

Thursday 27 January 2005

17.00 - 18.30 Regular weekly finance seminar in Said Business School. Conference participants are welcome to attend this
18.30 Conference participants arrive at Said Business School
19.00 Dinner in Smollensky's for conference participants and ECGI board members  

Friday 28 January 2005
Papers Prepared for the Special Issue of the Oxford Review of Economic Policy on Corporate Governance
Boards and takeovers – Chair Colin Mayer
09.00-09.50

Board reform proposals
Gérard Hertig, Swiss Federal Institute of Technology and ECGI

Discussant: Francesco Chiappetta, Telecom Italia

09.50-10.40

Regulation of takeovers
Luc Renneboog, Tilburg University and ECGI

Discussant: Mike Burkart, Stockholm School of Economics, CEPR and ECGI

10.40-11.10 Coffee  
Executive compensation – Chair Tim Jenkinson
11.10-12.00

The growth of executive compensation in the US
Lucian Bebchuk, Harvard Law School, CEPR and ECGI

Discussant: Ernst Ludwig von Thadden, University of Mannheim, CEPR and ECGI

12.00-12.50

Executive remuneration in Europe: Guido Ferrarini, Law School, University of Genoa and ECGI and Niamh Moloney, University of Nottingham and ECGI

Discussant: Hans Hirt, Corporate Governance Manager – Europe, Hermes Pensions Management

12.50-14.00 Lunch  
Transition, emerging markets and competition between systems – Chair Chris Allsopp
14.00-14.50

Corporate governance in transition economies
Erik Berglöf, Stockholm School of Economics, CEPR and ECGI

Discussant: Stijn Claessens, World Bank, CEPR and ECGI

14.50-15.40

Corporate governance in emerging markets
Franklin Allen, Wharton School, University of Pennsylvania and ECGI

Discussant : George Dallas, Standard and Poors

15.40-16.10 Tea  
16.10-17.00

Competition between systems
Roberta Romano, Yale Law School and ECGI

Discussant: Zsuzsanna Fluck, Michigan State University and WDI


17.15 ECGTN Coordinators Meeting  
19.00 Dinner  

Saturday 29 January 2005
Papers Submitted to the European Corporate Governance Training Network Programme
Legal systems – Chair Javier Suarez
09.00-09.50 What is the role of legal systems in financial intermediation?
Laura Bottazzi, Bocconi University, Marco da Rin, Turin University and ECGI and Thomas Hellmann, University of British Columbia

Discussant: Oren Sussman, Saïd Business School
09.50-10.40

How trivial are EC corporate law directives and regulations?
Luca Enriques
, University of Bologna

Discussant: Niamh Moloney, University of Nottingham and ECGI

10.40-11.10 Coffee  
Executive remuneration – Chair Julian Franks
11.10-12.00

Do directors perform for pay?
Renée Adams, Stockholm School of Economics and ECGI and Daniel Ferreira, Stockholm School of Economics and ECGI

Discussant: Francois Degeorge, University of Lugano and ECGI

12.00-12.50

Understanding differences in CEO compensation
Mariassunta Giannetti, Stockholm School of Economics, CEPR and ECGI

Discussant: Alexander Gümbel, Saïd Business School

12.50-14.00 Lunch  
Corporate ownership – Chair Marco Becht
14.00-14.50

Private benefits extraction in closely-held corporations: The case for multiple large shareholders
Maria Gutiérrez, University Carlos III of Madrid and ECGI and Josep Tribó, University Carlos III of Madrid

Discussant: Alan Morrison, Saïd Business School

14.50-15.40

What matters in corporate governance?
Allen Ferrell, Harvard Law School and ECGI, Alma Cohen, National Bureau of Economic Research, Analysis Group and Lucian Bebchuk, Harvard Law School, CEPR and ECGI

Discussant: Yishay Yafeh, Hebrew University of Jerusalem, CEPR and ECGI

15.40-16.10 Coffee  
16.10-17.00

The political economy of dominant investors
Enrico Perotti, University of Amsterdam and CEPR, and Ernst Ludwig von Thadden, University of Mannheim, CEPR and ECGI

Discussant: Paolo Volpin, London Business School, CEPR and ECGI


19.00 Dinner