Center for Corporate Governance (CCG)

President: Jordi Canals

In recent years, corporate governance has become a top priority for companies, CEOs, boards of directors, investors and regulators. The widely divergent views of board members, regulators, and investors suggest a need for forums for dialogue as well as independent research grounded in rigorous methods. The IESE Center for Corporate Governance (CCG) aims to address this need.

 

Objectives:

  • Generate impactful ideas on corporate governance grounded in evidence-based research to advance the theory and practice of governance, and offer practitioners insights for their decision-making processes.
  • 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, ultimately contributing to the positive, long-term impact on both companies and society.

Research areas:

  • Boards of directors. This includes boards and the mission of the firm; determinants of board effectiveness and board dynamics (the interaction between directors, the CEO, and the Executive Committee).
  • Shareholders. The consequences of shareholder activism as well as ownership structure and long-term performance.
  • Regulation. Regulatory design and corporate governance.

Research Seminars on Corporate Governance at IESE

Yves Doz, INSEAD

Title: “Corporate Governance 4.0: Facing Interdependency and Speed in a Complex World”

May 27, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room Q-102. (videoconference: Madrid Campus. Room 127)

 

Nuno Fernandes, Universidade Católica Portuguesa

Title: “Are outside directors with greater board tenure valuable? Evidence from the last credit crisis”

May 20, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room Q-502. (videoconference: Madrid Campus. Room 131)

 

Manuela M. Dantas, Cornell University

Title: “ESG Investing and Mutual Fund Manager Behavior”

February 14, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room Q-301. (videoconference: Madrid Campus. Room 131)

 

Christoph Schiller, University of Toronto – Rotman School of Management

Title: “Global Supply-Chain Networks and Corporate Social Responsibility”

February 1, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room G-302. (videoconference: Madrid Campus. Room 131)

 

Lin Qiu, Leonard N. Stern School of Business

Title: Say on Pay and the “Quiet Life” of Boards

January 24th, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room Q-102. (videoconference: Madrid Campus. Room 131)

 

Alessio Piccolo, University of Oxford

Title: “Executive Compensation and Short-Termism”

January 17, 2019 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room C-103. (videoconference: Madrid Campus. Room 126)

 

Katharina Hombach, Frankfurt School of Finance & Management

Title: “Firm Value Effects of Targeted Disclosure Regulation: The Role of Reputational Costs”

October 24, 2018 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room H-102 (H Building)

 

Zahn Bozanic, The Ohio State University

Title: “The Regulatory Observer Effect: Evidence from SEC Investigations”

October 8, 2018 @ 12:30h

Location: IESE Business School. Barcelona Campus. Room Q-301 (videoconference: Madrid Campus. Room 131)

Corporate Governance Insights

OCTOBER 2019 NEWSLETTER

Some features of investor activism in Europe. How should companies prepare?

SEPTEMBER 2019 NEWSLETTER

Business Roundtable moves corporate purpose forward

Publications

Programs

The Center collaborates with all IESE Executive Education Programs. The programs related to corporate governance currently available are:

Faculty Team

Resources

The importance of corporate governance

Description
IESE professor Jordi Canals explains why corporate governance matters and how to create a good corporate governance system that prevents self-interest-seeking behavior by the top management of a company.

What are the seismic shifts affecting corporate governance?

Description
Harvard Business School’s Krishna Palepu spoke at IESE on the impact of scandal on business in recent years, shifts towards compliance, the role of boards in determining strategy, and how to deal with the delicate issue of stakeholder activism.

Accountable managers, responsible companies. Lessons from the crisis: emerging shareholder activism

Description
Responsible investment has become a $32 billion reality, integrating social, environmental and governance issues in portfolio decisions. Meanwhile, the say-on-pay movement, rather than driving managers out, has become a vote of confidence in the CEO. In the wake of the crisis, emerging shareholder activism comes with benefits to investors and the broader society.

Boards and shareholders redrawing their boundaries

Description
Board-shareholder dynamics have been evolving since the financial crisis. In this interview, Harvard Business School professor Jay Lorsch discusses a business environment still struggling to regain societal trust and the potential influence of new shareholder empowerment on board decisions.