Workshop on Responsibility and Accountability of Corporate Ownership
May 9-10, 2013. Copenhagen Business School, Denmark
Morten Bennedsen, Insead
Patrick Bolton, Columbia Business School
Ronald Gilson, Columbia and Stanford University
Zohar Goshen, Columbia Law School
Henry Hansmann, Yale Law School
Reinier Kraakman, Harvard Law School
Colin Mayer, Said Business School, Oxford University
OVERVIEW: Large owners play a central role as monitors of companies around the world, but who monitors the monitors? What are their incentives to exercise their ownership well – in the interest of society as a whole? We know that security and company law plays a role in this respect, but informal mechanisms like reputation, trust or social norms may be important as well. In this workshop we aim to explore how and when these mechanisms informal work. Is reputation a source of long term decision making in family firms? What induces institutional investors to active ownership and stewardship? What role do social norms play in ownership structures less disciplined by market forces? What is the interplay between formal accountability and a more subjective sense of responsibility? These are some of the issues that we would like to discuss.
ORGANIZATION: The workshop is organized by the Center for Corporate Governance, Copenhagen Business School. It is sponsored by the Research Project on Industrial Foundations.
WORKSHOP LOCATION: Copenhagen Business School
PARTICIPATION: Potential participants should e-mail the Center for Corporate Governance (ccg@cbs,.dk) before 1. March 2013. Attendance is limited, but free of charge. Notification of acceptance 15. March 2013. Deadline for registration 1. April 2012.