Center for Corporate Governance (CCG)

Center for Corporate Governance (CCG)

President: Jordi Canals

The Center’s publications present ideas, analysis, and reflections on current and relevant issues in corporate governance. Explore our academic contributions, cases, opinion articles, and reports on boards of directors.

Academic Contributions.

Short-term demands and long-term commitments. A Temporal model of stakeholder governance

Boulongne, R., Young-Hyman, T., Berrone, P. (2026). Academy of Management Journal.

Mandatory investor disclosure, sustainability commitments, and portfolio decarbonization

Dai, J., Ormazabal, G., Peñalva, F., Raney, R. (2026). Journal of Accounting and Economics, 81 (1), Article 101817.

Common ownership around the world

Antón, M., Ederer, F., Giné, M., Ramirez, G. (2025). Cambridge, MA: National Bureau of Economic Research.

Why have CEO pay levels become less diverse?

Jochem, T., Ormazabal, G., Rajamani, A. (2025). Journal of Finance

Owner-management, board governance and responses to performance feedback in private firms

Neckebrouck, J., Schulze, W. S. (2025). Journal of Business Venturing, 40 (4), Article 106509.

Innovation: The bright side of common ownership?

Antón, M., Ederer, F., Giné, M., and Schmalz, M. (2024). Management Science.
  • Boulongne, R., Young-Hyman, T., Berrone, P. (2026). Short-term demands and long-term commitments. A Temporal model of stakeholder governance. Academy of Management Journal.
  • Dai, J., Ormazabal, G., Peñalva, F., Raney, R. (2026). Mandatory investor disclosure, sustainability commitments, and portfolio decarbonization. Journal of Accounting and Economics, 81 (1), Article 101817.
  • Antón, M., Ederer, F., Giné, M., Ramirez, G. (2025). Common ownership around the world. Cambridge, MA: National Bureau of Economic Research.
  • N’Gatta, D., Ormazabal, G., Raney, R. (2025). Trading of emission allowances and Reporting Incentives. Journal of Accounting and Economics, 80 (2/3), Article 101804.
  • Neckebrouck, J., Schulze, W. S. (2025). Owner-management, board governance and responses to performance feedback in private firms. Journal of Business Venturing, 40 (4), Article 106509.
  • Jochem, T., Ormazabal, G., Rajamani, A. (2025). Why have CEO pay levels become less diverse? Journal of Finance.
  • Friedman, H. and Ormazabal, G. (2024). The role of information in building a more sustainable economy: A supply and demand perspective. Journal of Accounting Research.
  • Simeth, M., and Werheim, D. (2024). On innovation and institutional ownership. Journal of Corporate Finance.
  • Antón, M., Ederer, F., Giné, M., and Schmalz, M. (2024). Innovation: The bright side of common ownership. Management Science.
  • Vives, X. et alia (2024): Banking turmoil and regulatory reform. London: CEPR.
  • Dai, J., Ormazabal, G., Peñalva, F., Raney, R. (2023). Imposing sustainability disclosure on investors: Does it lead to portfolio decarbonization?. European Corporate Governance Institute.
  • Antón, M., Ederer, F., Giné, M., Schmalz, M. (2023). Common ownership, competition, and top management incentives. Journal of Political Economy.
  • Cohen, S., Kadach, I., Ormazabal, G. (2023). Institutional investors, climate disclosure, and carbon emissions. Journal of Accounting and Economics, 81.
  • Bonetti, P., Ormazabal, G. (2023). Boosting foreign investment: The role of certification of corporate governance. Journal of Accounting Research, 61(1), 95-140.
  • Almandoz, J. (2023). Inside-out and outside-in perspectives on corporate purpose. Strategy Science.
  • Cohen, S., Kadach, I., Ormazabal, G., Reichelstein, S. (2023). Executive compensation tied to ESG performance: International evidence. Journal of Accounting Research, 61 (3), 805-853.
  • Bonetti, P., Ormazabal, G. (2023). Boosting foreign investment: The role of certification of corporate governance. Journal of Accounting Research, 61(1), 95-140.
  • Cohen, S., Kadach, I., Ormazabal, G. (2023). Institutional investors, climate disclosure, and carbon emissions. Journal of Accounting and Economics, 81.
  • Duro, M., López-Espinosa, G., Mayordomo, S., Ormazabal, G., Rodríguez-Moreno, M. (2022). Enforcing mandatory reporting on private firms. The role of bankers. Banco de España Working Paper n. 2238.
  • S.Cohen, I. Kadach and G. Ormazabal (2022), Why do institutional investors request climate related disclosures?. SSRN Working paper.
  • Canals, J. (2023). Boards of directors in disruptive times. Cambridge: Cambridge University Press.
  • Fernandes, N. (2023). Climate finance.
  • Arribas, F., Boulongne, R., Canals, J. (2025). Vallformosa: Competing in a market of giants. IESE, SM-1773-E.
  • Arribas, F., Canals, J. (2024). The Walt Disney Company in 2023: In search of the new CEO. IESE Publishing, SM-1763-E.
  • Raventós, A., Canals, J. (2023). Mango: retos estratégicos en un entorno incierto. IESE Publishing, SM-1736-E.
  • Canals, J. (2022). Danone in 2021: Dealing with activist investors. IESE Publishing, SM-1720-E.
  • Masclans, R., Canals, J. (2021). Promofarma. IESE Publishing, SM-1962.
  • Canals, J., Masclans, R., Tàpies, J. (2021). Fluidra: creando la empresa del futuro. IESE Publishing, SM-1967.
  • Masclans, R., Canals, J. (2021). Amadeus: Impulsando el creciemiento a largo plazo. IESE Publishing, SM-1961.
  • Masclans, R., Canals, J. (2021). Ingka: Gobierno corporativo, propósito y transformación. IESE Publishing, SM-1698.

More publications

Opinion Articles.

Family business, corporate longevity and governance

Jordi Canals

How institutional ownership is rewriting corporate governance

Mireia Giné

The EU’s sustainability reporting framework at a crossroads

Gaizka Ormazabal

Reports on Boards of Directors.

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2026 IESE Survey on Boards of Directors

The 2026 IESE Survey of Boards of Directors explores board members’ perspectives on the key governance challenges shaping today’s business environment, including the strategic implications of AI, rising geopolitical risks, board–shareholder engagement, board effectiveness and CEO succession planning, and the integration of sustainability and climate issues into corporate strategy and oversight.

Access the full report here.

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2024 IESE Survey on Boards of Directors

The 2024 IESE Survey on Boards of Directors captures board members’ perspectives on the main challenges facing boards today: from corporate purpose and culture to board competencies and internal dynamics, CEO leadership development and succession planning, and corporate strategy in a context shaped by geopolitical uncertainty.

Access the full report here.

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2022 IESE Survey on Boards of Directors

The 2022 IESE Survey on Boards of Directors gathered board members’ views on key issues such as the board’s role in relation to corporate purpose and ESG criteria, its strategic focus, the relevance of corporate culture in governance, and the level of engagement and collaboration within the board itself.

Access the full report here.

Shareholders’ Role and Responsibilities in Times of Corporate Disruption

Shareholders’ Role and Responsibilities in Times of Corporate Disruption

In collaboration with the European Corporate Governance Institute (ECGI), the Center presents an e-book featuring the main insights from the latest edition of the corporate governance conference “Shareholders’ Role and Responsibilities in Times of Corporate Disruptions.”

The publication also includes links to session videos, presentations, and research papers.

Access it here

Contact

 

IESE Business School
Center for Corporate Governance

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