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Corporate governance at LSE

A new programme, Corporate Governance at LSE, has been launched by the Financial Markets Group at the London School of Economics and Political Science (LSE).

The programme was inaugurated on 1 December 2005 with a research debate on Corporate Governance in the UK: is the 'comply or explain' approach working? Its first conference, on The European Takeover Directive, was held on Thursday 12 January.

Corporate Governance at LSE aims to stimulate research in corporate finance and to promote dialogue and the implementation between professionals and policy-makers of best corporate governance practices.

The programme is led by LSE academics Professor Paul Davies, Department of Law, Professor Antoine Faure-Grimaud and Dr Thomas Kirchmaier, Financial Markets Group, and Sir Geoffrey Owen, Interdisciplinary Institute of Management. It will include the publication of research, conferences, targeted research projects and seminars, roundtable discussions and the development of a regular forum on corporate governance developments in the UK and Europe.

Dr Kirchmaier said: 'Corporate governance has improved considerably over the last decade, however, there are still many unresolved issues. In the US for example recent problems have stemmed from board level monitoring failures, the under-evaluation and overpayment of options and the inability of corporate governance institutions to deal with weaknesses. Europe has faced different problems such as short-term earnings manipulation and the failure to develop activism for corporate control.'

Sir Geoffrey Owen said: 'A big question for the future is how far these problems should be tackled by legislation and attendant regulation and at what level, national or European Union for example, these should be initiated. The Corporate Governance Programme aims to make a contribution to these debates and to promote dialogue between practitioners and policy makers.'

Forthcoming events include:

  • The Company Law Reform Bill: what is new? with LSE Professor Paul Davies on Thursday 2 February. 5.30pm
  • Changing the Role of the Chairman: the impact of corporate governance reform in the UK, with Sir Geoffrey Owen and Thomas Kirchmaier of LSE

See http://fmg.lse.ac.uk/research/researchlist.php?researchid=2| for further information on the programme

Ends

For more information, contact:

25 January 2006

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