Grupo Santander Chair of Financial Institutions and Corporate Governance

Holder: Gaizka Ormazabal
+34 932 534 200
gormazabal@iese.edu

The Grupo Santander Chair of Financial Institutions and Corporate Governance expands knowledge of the most relevant aspects of the corporate governance of financial institutions.

The Chair conducts research, publishes informative articles and produces teaching materials. It also organizes training seminars, focused programs on corporate governance and boards of directors, and sessions in IESE’s Alumni Learning Program.

The Chair is a member of the European Corporate Governance Institute, and participates regularly in conferences organized by the CEPR, the Asociación Española de Finanzas, Instituto MEFF and other institutions.

Research lines

  • The abolition of anti-takeover provisions from company by-laws.
  • Commitments to information transparency with respect to directors’ pay.
  • Value creation in merger and acquisition processes in the financial industry.
  • Integration process of the financial industry in Europe.

Activities

The Chair supports and conducts research and prepares teaching materials on corporate governance and the management of financial institutions. Among the subjects studied are:

  1. The abolition of anti-takeover provisions from company by-laws
  2. Commitments to information transparency with respect to directors’ pay
  3. Value creation in merger and acquisition processes in the financial industry
  4. Integration of the financial industry in Europe

The Chair is also actively involved in organizing training seminars and specialized conferences, both at IESE and in collaboration with respected international bodies. The activities carried out by the Chair include:

  • CEO’s Forum
  • Focused program at IESE on “Corporate Governance: Boards of Directors”, held yearly
  • Regular sessions within IESE’s Continuous Education Program
  • Organizer of the 24th Colloquium of the European Financial Research Society in October 2004

The Chair is an active participant in national and international conferences with a view to disseminating its work. For example, it belongs to the European Corporate Governance Institute and regularly takes part in conferences organized by CEPR, Asociación Española de Finanzas, Instituto MEFF and other institutions.

Holder of the Chair

Gaizka Ormazabal is a professor of Accounting and Control. He holds a doctorate in Business from Stanford University, and his research centers on the determinants and economic impact of corporate governance and executive compensation practices. Thus, he has analyzed subjects such as remuneration incentives for risk taking, corporate risk oversight, financial regulation, asset securitization, stakeholder activism and the role of intermediaries in the field of corporate governance.

Sponsor

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Publications

Journal Articles (refereed)

ARCE, O., CAMPA, J. M., GAVILÁN, A. (2013). Macroeconomic Adjustment under Loose Financing Conditions in the Construction Sector. European Economic Review, 59, 19 - 34. doi:10.1016/j.euroecorev.2012.11.004.
CAMPA, J. M. (2012). Fiscal Challenges in the Euro Zone. Asian Economic Policy Review, 7 (2), 180 - 197. doi:10.1111/j.1748-3131.2012.01231.x.

Studies

CAMPA, J. M., LÓPEZ DE LA TORRE, T. (2006). Prácticas de gobierno corporativo.