Can Purpose Deliver Better Corporate Governance?

Can Purpose Deliver Better Corporate Governance?

October 28-30, 2020
Online, 15:45 CET

IESE CCG ECGI

 

In the context of the pressing shareholder vs. stakeholder capitalism debate, the IESE Center for Corporate Governance (IESE CCG) and the European Corporate Governance Institute (ECGI) will hold a Conference on corporate governance and purpose.

 

 

The Social Trends institute (STI) sponsors the event.

 

The conference is endorsed on behalf of the Strategic Management Society’s (SMS) 40th Annual Conference.

 

– An online conference –

Register

About the conference:

The notion that companies should have a corporate purpose or mission that goes beyond financial performance has been considered in the fields of management, organisational behaviour, law and the economics of organisations for a long time. But the increasing weight of ESG dimensions in corporate governance and asset management, the call for positive societal impact, and the competition to attract and retain top talent -among other factors- draws us firmly closer to a deeper consideration of corporate purpose. At this turbulent time, ‘Corporate Purpose’ has galvanised a global movement that promises to restore trust in companies, to produce goods and services without doing harm, while providing a fair return to employees and shareholders.

Many of the world’s most valuable companies already have a clear purpose. With a swelling of public discourse, the markets have joined the movement calling on businesses to make a positive contribution to society and to refocus corporate governance around a multi-stakeholder perspective. As businesses in turn, reflect on their purpose, they must also consider the questions that complicate the implementation of a vision or purpose and make it meaningful.

The conference will focus on the connection between purpose and governance. It aims to bring together leading scholars, including Nobel Laureate Bengt Holmström, from the fields of strategy, organisational theory, organisational economics, finance and corporate law to address these important questions with thoughtful business executives, corporate lawyers, asset managers and board directors from a variety of sectors. Each day will commence at 15:45 (CET) to maximize audience participation from all regions. The event will encourage a dynamic interaction between scholars and corporate leaders. The schedule will allow for Q&A from the audience, as well as some smaller breakout sessions designed for IESE guests and ECGI members.

Download Program

 

WEDNESDAY, OCTOBER 28 – DAY 1 (Time Zone: CET)

15:45-16:00 – Introduction to the Conference. Day 1: An overview

• Marco Becht, ECGI and Université libre de Bruxelles
• Jordi Canals, IESE Business School


16:00-17:00 – Session 1

ARE CORPORATE PURPOSE STATEMENTS “VERBIAGE”?

• Colin Mayer, University of Oxford and ECGI

Discussant: Luigi Zingales, Chicago Booth and ECGI


17:15-18:15 – Session 2

COMPANY VALUATION AND THE EFFECTS OF ESG FACTORS

• Patrick Bolton, Columbia Business School and ECGI


THURSDAY, OCTOBER 29 – DAY 2 (Time Zone: CET)

15:45-16:00 – Day 2: An overview

• Marco Becht, ECGI and Université libre de Bruxelles
• Jordi Canals, IESE Business School


16:00-17:15 – Session 3

CORPORATE PURPOSE AND THE THEORY OF THE FIRM

 Bengt Holmström, MIT and ECGI
• Paul Polman, former CEO of Unilever and co-founder of Image

Chair: Joan Enric Ricart, IESE Business School
Moderator: Henry Tricks, The Economist


17:30-18:30 – Session 4

CORPORATE PURPOSE: THE LEVELS OF INFLUENCE OF PURPOSE ON CORPORATE PERFORMANCE

 Claudine Gartenberg, The Wharton School


18:45-19:45 – Breakout Sessions (by invitation)

GROUP DISCUSSIONS

Moderators:
John Almandoz
, IESE Business School
Fabrizio Ferraro
, IESE Business School
Mireia Giné
, IESE Business School
Joan Enric Ricart, IESE Business School


FRIDAY, OCTOBER 30 – DAY 3 (Time Zone: CET)

15:45-16:00 – Day 3: An overview

• Marco Becht, ECGI and Université libre de Bruxelles
• Jordi Canals, IESE Business School


16:00-17:00 – Session 5

UNPACKING THE PURPOSE OF THE CORPORATION

 Rebecca Henderson, Harvard Business School


17:15-18:15 – Session 6: CEOs Roundtable

CEOs PANEL: HOW BOARDS OF DIRECTORS SHOULD DEAL WITH CORPORATE PURPOSE?

 Baroness Denise Kingsmill, NED of Inditex and IAG
• Juvencio Maeztu
, Deputy CEO of IKEA
• José Viñals
, Chairman of Standard Chartered

Moderator: Jordi Canals, IESE Business School


18:45-19:45 – Wrap-up

Marco Becht, ECGI and Université libre de Bruxelles
Jordi Canals
, IESE Business School

IESE Center for Corporate Governance

The IESE Center for Corporate Governance (IESE CCG) aims to advance the theory and practice of corporate governance by promoting evidence-based research, fostering an inter-disciplinary discussion among scholars and experts and helping to create a learning context in which chairs of boards, CEOs, board members, investors and senior executives can reflect on and acquire new frameworks and ideas to improve their firms’ governance. Moreover, IESE CCG approaches corporate governance from a holistic perspective, reflected in the interdisciplinary blend of its faculty team comprised of the following academic areas: Accounting and Control, Economics, Entrepreneurship, Financial Management, Managing People in Organizations, and Strategic Management.
www.iese.edu/IESECCG

European Corporate Governance Institute

The European Corporate Governance Institute (ECGI) is an international scientific non-profit association which provides a forum for debate and dialogue focusing on major corporate governance and stewardship issues, thereby promoting best practice. It is the home for all those with an interest in corporate governance offering membership categories for academics, practitioners, patrons and institutions. Its primary role is to undertake, commission and disseminate research on corporate governance and stewardship. Based upon impartial and objective research and the collective knowledge and wisdom of its members, it can advise on the formulation of corporate governance policy and development of best practice. In seeking to achieve the aim of improving corporate governance and stewardship, ECGI acts as a focal point for academics working on corporate governance in Europe and elsewhere, encouraging the interaction between the different disciplines, such as economics, law, finance and management.
https://ecgi.global

Social Trends Institute

The Social Trends Institute (STI) is a non-profit international research center dedicated to fostering understanding of globally significant social trends. To this end, STI brings together some of the world’s leading thinkers, taking an interdisciplinary and international approach. Findings are disseminated through scholarly publications.

The individuals and institutions that support STI share a conception of society and the individual that commands a deep respect for the equal dignity of human beings, and for freedom of thought, as well as a strong desire to contribute to social progress and the common good.
www.socialtrendsinstitute.org

The Strategic Management Society

The Strategic Management Society (SMS) is unique in bringing together the worlds of reflective practice and thoughtful scholarship. The Society consists of over 3,000 members representing a kaleidoscope of backgrounds and perspectives from more than 80 different countries. Membership, composed of academics, business practitioners, and consultants, focuses on the development and dissemination of insights on the strategic management process, as well as on fostering contacts and interchange around the world.
www.strategicmanagement.net

Contact Information

Contact Information

Félix Sánchez, IESE CCG Manager

ieseccgconference@iese.edu
Tel.:+34 932 53 42 00