At a Columbia-ECGI-Oxford conference on “Corporate Governance after the Crisis” held in Oxford in 2012, a number of scholars affiliated with the European Corporate Governance Institute (ECGI) initiated a discussion on the feasibility of organising a series of annual world-class conferences on corporate governance research.
From these discussions, a number of leading universities and institutions were approached. The positive response led to the formation of the Global Corporate Governance Colloquia. For an initial period of 12 years, the best research in law and finance relating to corporate governance each year will be brought together at a conference held at 12 major universities that are leaders in the fields of law and finance in the Americas, Asia and Europe.
These conferences will attract invited and contributed research papers of the highest scholarly quality. There will be at least one session devoted to the region or country where the conference takes place. These events will be primarily “academic to academic” conferences with a few participants from industry and the public sector. Their purpose will be distinct from two established ECGI conference series, the Transatlantic Corporate Governance Dialogue (TCGD) and the EU-Asia Dialogue (EACGD) that are targeted at a non-academic audience.
To ensure an optimal degree of interaction between the participants and to emphasise quality, the total number of participants at each conference will be kept to 75 or less. Relevant measures will be put in place to ensure that this number is not exceeded.
The launch conference was held at Stanford University in June 2015. After that, the location of future conferences will be determined by a random draw, subject to the following rules: no university partner will host the conference more than once in any 12 year period; and the same region can only host the conference every third year.
The Global Corporate Governance Colloquia (GCGC) has been established as a not-for-profit association under Belgian law with its seat in Brussels. This legal vehicle, governed by its Founding Articles and registered on 13 January 2014, involves leading universities (academic partners), practitioners (non-academic partners) and the European Corporate Governance Institute (ECGI). The GCGC entrusts the branding, organisation and running of the conference series to the ECGI.
The governance structure of the GCGC is shown below. Members of the GCGC Board and its Committees can be viewed by clicking the appropriate button on the menu to the left.
Board of Directors
The Board of Directors is responsible for the overall direction of the GCGC, for the appointment of Committee members, for determining the content of the contract with the ECGI and for ensuring this contract’s oversight. This Board is comprised of 14 directors, one nominated by each of the 12 academic partners and two nominated by the ECGI. The majority of scientists-in-charge of the academic partners are Fellows of the ECGI. Each member of the Board has one vote. Observers may be invited from the practitioner partners. The Board is chaired by a representative of one of the partner universities. The chair will rotate regionally every two years. Two Vice-chairmen, similarly rotating, are appointed, one from among the representatives of the partner universities and the other from the ECGI.
The Executive Committee ensures the proper running of the GCGC on a day-to-day basis. Its five members are designated by the Board, one from an academic partner from each region and two from the ECGI. The implementation and execution of day-to-day management will be delegated to a Secretary General, designated by the Board.
The Scientific Committee is responsible for the scientific quality of the conferences. This committee will be balanced between law and finance scholars. It will have 12 members who are appointed by the Board. Members comprise one representative from each academic partner, four of whom would be the Committee’s executive members. The Committee is chaired by the representative from the university hosting the next conference. Members will serve for two years and may be re-elected.
The selection of the papers that are presented at each event is delegated to the Conference Committee which is chaired by the chair of the Scientific Committee. Its members are also members of the Scientific Committee.
An external auditor drawn from the Institute of Auditors of Belgium, is appointed by the Board for a period of three years.
The Chairman, Vice-Chairmen, Acting Secretary General and members of the GCGC Board were confirmed in their positions at the inaugural Board meeting on 24 March 2014 for a term expiring at the close of the 2016 General Assembly.
Professor Luh Luh Lan
Associate Professor, Faculty of Law
Centre for Law & Business and Centre for Governance, Institutions and Organisations, National University of Singapore
Professor Marco Becht
European Corporate Governance Institute (ECGI)
Professor of Finance and the Goldschmidt Professor of Corporate Governance, Solvay Brussels School
Professor Tomotaka Fujita
Professor of Law
Graduate Schools for Law and Politics, University of Tokyo
Professor Bo Becker
Gösta Olson Chair in Financial Economics
Swedish House of Finance (SHoF)
Professor Allen Ferrell
Harvey Greenfield Professor of Securities Law
Harvard Law School, Harvard University
Professor Henry Hansmann
Oscar M. Ruebhausen Professor of Law
Yale Law School, Yale University
Professor Kon Sik Kim
Professor of Law
School of Law, Seoul National University
Professor Uwe Walz
Professor of Economics and Director
The Center for Financial Studies, Goethe University Frankfurt
Mr Frank Schuster
European Investment Bank (EIB)
To be appointed
Professor Ronald Gilson
Charles J. Meyers Professor of Law and Business
Stanford Law School, Stanford University
Marc & Eva Stern Professor of Law and Business, Columbia Law School, Columbia University
Professor Colin Mayer
Peter Moores Professor of Management Studies, Said Business School
University of Oxford
Professor Julian Franks
Professor of Finance
Centre for Corporate Governance, London Business School
Professor Jeffrey Gordon
Richard Paul Richman Professor of Law and Co-Director, Millstein Center for Global Markets and Corporate Ownership
Columbia Law School, Columbia University
Professor Li Jin
Professor of Finance
Guanghua School of Management, Peking University
Senior Corporate Counsel
Mr Takumi Matsuo
Japan Exchange Group (JPX)