Dinner and Presentation of the 2009 ECGI Working Paper Series Prizes
(open to ECGI members and invited guests)
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| Thursday 16 April 2009 |
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| 19.30 |
Drinks and Dinner at Drugstore Publicis – Le Marcel |
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Over dinner, presentations will be made to the winners of the 2009 Working Paper prizes |
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Annual General Meeting of the ECGI
(for ECGI members only) |
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| Friday 17 April 2009 |
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| 08.15 - 09.00 |
Registration and Coffee |
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| 09.00 - 10.45 |
Chair
Antonio Borges
ECGI Chairman
The Agenda and accompanying papers are available in the Members' area |
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| 10.45 - 11.00 |
Break |
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Annual Lecture
(open to ECGI members and invited guests)
The lecture and the subsequent debate will be conducted under the Chatham House rule |
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| 11.00 - 13.00 |
Corporate governance and the current crisis |
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Professor Franklin Allen
Nippon Life Professor of Finance and Economics
The Wharton School, University of Pennsylvania and ECGI Fellow
Professor Allen is co-author of Understanding Financial Crises - click here for details |
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Professor Allen will give his views on the importance of corporate governance in times of crisis. The Anglo-Saxon model of shareholder dominance works very well when things are going well because it allows resources to be reallocated efficiently. In times of crisis, as currently, it leads to the instability we are currently seeing in the US, the UK and elsewhere. Firms are laying off workers in large numbers, unemployment is soaring, and this is having large feedback effects. In Japan in the 1990’s we did not see this. Stakeholder governance has big advantages in this kind of situation. |
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Panel
David P. Frick
Senior Vice President,
Corporate Governance, Compliance and Corporate Services
Nestlé S.A.
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Javier Arias
Head Representative to the EU, European Affairs Office, BBVA |
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Q&A
(from the floor) |
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Summing up
Professor Guido Ferrarini
Professor of Business Law and Capital Markets Law
University of Genoa |
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