Center for Corporate Governance
Center for Corporate Governance
President: Jordi Canals
Stay informed about the latest news, publications, and events promoted by the Center for Corporate Governance.
- Corporate Sustainability Reporting Directive: What Should Directors Know? In our November newsletter, Professor Gaizka Ormazabal shares his thoughts on some of the main issues that directors need to be aware of in order to implement the Corporate Sustainability Reporting Directive. Read more here.
- 2024 IESE – ECGI Corporate Governance Conference The 2024 IESE – ECGI Corporate Governance Conference, Towards a New Model of Boards of Directors, took place on April 15, 2024 at IESE’s Madrid campus. Know more about the event here.
- What Should Boards Prioritize in 2024? The latest edition of the IESE Survey on Boards of Directors addresses four key challenges for boards: implementation of corporate purpose and culture; board competencies and dynamics; CEO leadership development and succession planning; and business strategy and the impact of geopolitics. Read the full study here.
- Board of Directors and Artificial Intelligence. Boards of directors should seek to understand and govern artificial intelligence since it has the potential to change many companies’ competitive positioning while providing opportunities to accelerate productivity and efficiency. Some reflections on this topic can be found in the November newsletter of the Center. Read here.
- Executive Compensation Tied to ESG Performance: International evidence. A new global study conducted by IESE’s Gaizka Ormazabal and Igor Kadach, together with Shira Cohen of San Diego State University and the University of Mannheim’s Stefan Reichelstein, looks at the prevalence of ESG-linked pay for executives, and where and which companies are adopting the practice. The research examines the role of institutional investors in encouraging ESG pay, as well as its impact on firm performance. Read more here.
- Common Ownership, Competition and Top Management Incentives. A growing body of empirical evidence ties common ownership to reduced competition, and research recently published in the Journal of Political Economy by IESE’s Miguel Antón and Mireia Giné, with Florian Ederer of Boston University and Martin Schmalz of the University of Oxford, connects the dots between CEO compensation, increased common ownership of public companies, and incentives that discourage aggressive competition. Read more here.
- Boards of Directors in Disruptive Times: Improving Corporate Governance Effectiveness. A recent article by Professor Jordi Canals, posted on the Harvard Law School Forum on Corporate Governance, discusses the need of a new governance model guided by purpose where shareholders, boards of directors and senior managers are fully aligned to develop companies for the long term. This post is based on his book Boards of Directors in Disruptive Times (Cambridge University Press, 2023), which has recently received the Joan Sardà Dexeus 2023 Award in the category of best book on Economics and Business. Read the full article here.
- Modern Capitalism and Corporate Purpose. Professors Jordi Canals and Gaizka Ormazabal participated in the conference “Perspectives on Corporate Purpose” organized by the European Corporate Governance Institute (ECGI) that took place in Copenhagen last September 21, 2023. The conference was part of the Corporate Purpose pillar of ECGI’s Responsible Capitalism Initiative and consisted of 5 sessions where academics and practitioners examined the opportunities and challenges presented by corporate purpose and the evidence of its contribution to business success, investor performance and wider societal and environmental interests. Watch the sessions of the event here.
- The Future of China and US Rivalry and Its Impact on Companies. Former Singaporean Minister George Yeo, with Professor Jordi Canals, offered a session on “The future of China and US rivalry and its impact on companies“, which was part of the IESE Alumni Learning Program. In the session, that took place in Barcelona last October 19, 2023, Mr. George Yeo gave some useful insights to better understand China, the growing geopolitical conflict with the U.S. and its effects on the global business landscape.
- Revisiting the Anticompetitive Effects of Common Ownership. Professors Xavier Vives and José Azar have been awarded the 2023 Intesa Sanpaolo Finance Prize for their paper “Revisiting the Anticompetitive Effects of Common Ownership”.
- Climate Finance. IESE Professor Nuno Fernandes has recently published Climate Finance, a book where he offers a useful guide to address climate-related financial issues, risks and opportunities and disentangles the complex layers of decision-making around it.
- 2022 IESE Survey on Boards of Directors. This survey aims at understanding how board directors analyze and work on four relevant themes for the quality of corporate governance and the effectiveness of boards of directors: corporate purpose, culture, strategy and board engagement.
- Boards of Directors in Disruptive Times. It’s high time to do better, asserts IESE Professor Jordi Canals in his 2022 book, Boards of Directors in Disruptive Times: Improving Corporate Governance Effectiveness. In 10 chapters, Canals offers a detailed analysis explaining why the prevailing model of corporate boards is falling short in our current era of accelerated change and radical transformation.
