Corporate Governance And Ownership With Diverse Shareholders 2019 | European Corporate Governance Institute | 25 October 2019 | IESE Business School - Campus Norte, Carrer d'Arnús i de Garí, nº 3, 7, 08034 Barcelona, Spain

Many policy recommendations that emerge from the flourishing literature on corporate governance do not take into account the diversity of company owners and the different goals of heterogeneous’ shareholders in the 21st century. Many of them make the assumption that dispersed shareholders is the representative form of corporate ownership. This hypothesis is still dominant in most theoretical studies and in many empirical studies. The fact is that ownership around the world in the twentieth century changed in many large countries, has become more heterogeneous and diverse than what is assumed in many studies, and its evolution is shaped by a diversity of factors, such as domestic taxation and regulation, capital markets and different management and business practices. Understanding that ownership is heterogeneous and diverse has implications on how companies are governed. It is also critical for the improvement of corporate governance at the corporate level and the government’s regulatory activity. In the end, it has an impact on companies’ survival –many firms that didn’t survive encountered problems with their own shareholders and their commitment- and their long-term development.

This Conference will offer a context to reflect upon and better understand how the different nature of shareholders have an impact on the way companies are governed and managed, and, eventually, on some key decisions – like board composition, board dynamics, CEO hiring and firing, strategy making and incentives design- that define corporate governance.

2019 Speakers and Moderator

Marco Becht
Fellow, Research Member, Institutional Member, Board Member, Professor of Finance and the Goldschmidt Professor of Corporate Governance Solvay Brussels School

Jordi Canals
Academic Member, Dean, IESE Business School, University of Navarra

Colin Mayer
Fellow, Research Member, Board Member, Peter Moores Professor of Management Studies, Said Business School, University of Oxford

Jill Fisch
Research Member, Board Member, Perry Golkin Professor of Law, Co-Director, Institute for Law and Economics University of Pennsylvania Law School

Julian Franks
Research Member, Board Member, Perry Golkin Professor of Law, Co Director, Institute for Law and Economics University of Pennsylvania Law School

John Coffee
Fellow, Research Member, Adolf A. Berle Professor of Law ,Columbia Law School

Josh Lerner
Fellow, Research Member, Jacob H. Schiff Professor of Investment Banking, Harvard Business School

Alex Edmans
Fellow, Research Member, Professor of Finance, London Business School

Xavier Vives
Research Member, Professor of Economics and Finance, IESE Business School

PANELISTS:

Jordi Gual
Practitioner Member, Chairman, La Caixa

Juven Maetzu
CFO & Deputy CEO, Management Board Member

Amra Balic

2019 Sponsors

• IESE
• Ecgi