Friday, March 11, 2022, 9:30 AM to 3:30 PM @Virtual : 

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Agenda

Co-sponsored with the European Corporate Governance Institute (ECGI)

In collaboration with the European Corporate Governance Institute (ECGI), the John L. Weinberg Center for Corporate Governance and the Department of Finance at the Lerner College of Business & Economics, at the University of Delaware, will host its 2022 Annual Corporate Governance Symposium.

Lunch Presentation: 12:00 pm – 1:00 pm ET

Between the morning and afternoon paper presentation sessions, there will be a presentation by BlackRock on proxy voting choices.

Watch Video

Papers:

The following are the eight papers that have been selected for presentation at the 2022 Symposium:

Morning Session: Watch Video

  • Is History Repeating Itself? The (Un)predictable Past of ESG Ratings Florian Berg (MIT), Kornelia Fabisik* (Frankfurt), and Zacharias Sautner (Frankfurt) 
    Discussant:  Youngjun Dragon Tang (University of Hong Kong)
  • Read the Paper
  • ESG Lending Sehoon Kim (Florida), Nitish Kumar* (Florida), Jongsub Lee (Seoul National), and Junho Oh (Hong Kong Polytechnic
    Discussant: Lubo Litov (Univeristy of Oklahoma)
    Read the Paper
  • Climate Risk Disclosure and Institutional Investors Emirhan Ilhan* (Frankfurt), Philipp Krueger (Geneva), Zacharias Sautner (Frankfurt), and Laura T. Starks (Texas)
    Discussant:  Henri Servaes (London Business School)
    Read the Paper
  • Greenhouse Gas Disclosure and Emissions Benchmarking Sorabh Tomar* (Southern Methodist)
    Discussant:  Matthew Gustafson (Penn State)
    Read the Paper

Afternoon Session:

Watch Video

  • Proxy Advisory Firms and Corporate Shareholder Engagement Aiyesha Dey (Harvard), Austin Starkweather (South Carolina), and Joshua T. White* (Vanderbilt)
    Discussant:  Nadya Malenko (University of Michigan)
    Read the Paper
  • Paid Leave Pays Off: The Effects of Paid Family Leave on Firm Performance Benjamin Bennett (Tulane), Isil Erel (Ohio State), Léa Stern* (U. Washington), Zexi Wang (Lancaster)
    Discussant:  Daniel Ferreira (London School of Economics)
    Read the Paper
  • Trading Ahead of Barbarians’ Arrival at the Gate: Insider Trading on Non-Inside Information Georgy Chabakauri (LSE), Vyacheslav Fos* (Boston College), Wei Jiang (Columbia)
    Discussant:  Umit Gurun (University of Texas at Dallas)
    Read the Paper
  • Bargaining with Private Equity: Implications for Hospital Prices and Patient Welfare Tong Liu* (Wharton) 
    Discussant:  Alon Brav (Duke)
    Read the Paper

* Presenting author

We are pleased to announce the winners of the 2021 John L. Weinberg/IRRCi Research Paper Award competition, which seeks to highlight innovative research and includes an award of US$10,000:

  • Is History Repeating Itself? The (Un)predictable Past of ESG RatingsFlorian Berg (MIT), Kornelia Fabisik (Frankfurt), and Zacharias Sautner (Frankfurt)
  • Bargaining with Private Equity: Implications for Hospital Prices and Patient Welfare Tong Liu (Wharton)

Reference Materials for Luncheon Presentation

1.  Blackrock Investment Stewardship 

2. “BlackRock to Permit Some Clients to Vote,” Harvard Law School Forum on Corporate Governance, October 25, 2021 

3. “BlackRock’s Move to Expand Proxy Voting Choice Creates Unknowns,” Harvard Law School Forum on Corporate Governance, November 20, 2021 

4.  ISS Voting Policies 2022 

5. “ISS Launches Special Interest Proxy Advisory Guidelines,” by Baker Hostetler.  JDsupra, April 6, 2020

Call for Papers

Submission Fee Form

UDaily – John L. Weinberg/IRRCi Research Paper Awards