Second International Conference

“Corporate Governance and Sustainable Business Development: Strategic Role of Boards”

Conference Program

November 28, 2007

9:30 – 10:15 Registration

Session 1. 10:15 – 13:00 Corporate Governance Perspectives

Chair:

Irina Ivashkovskaya, Professor, State University – Higher School of Economics

Andrei Khazin,  Federation  Council of Federal Assembly Councilor, Deputy Chair of FC FA RF on Economic Policy, Entrepreneurship and Ownership, FC Chair of Committee of Monitoring Law Enforcement Practice on Ownership, Professor, State University – Higher School of Economics

Speaker:

Andrei Yakovlev, Vice Rector, State University – Higher School of Economics

Andrei Khazin,  Federation  Council of Federal Assembly Councilor, Deputy Chair of FC FA RF on Economic Policy, Entrepreneurship and Ownership, FC Chair of Committee of Monitoring Law Enforcement Practice on Ownership, Professor, State University – Higher School of Economics

Papers:

Paul Laux, Professor, Lerner College of Business and Economics, University of Delaware, USA, “The Connection between Board Composition and the Market Reaction to the Announcement of Secondary Equity Offerings”

Georgy Kleiner, Deputy Director, CEMI, Russian Academy of Sciences, Corresponding Member, RAS, “Corporate Governance: A System Approach”

Hugh Grove, Professor, University of Denver, USA, “Corporate Governance and Executive Compensation Factors in the Stock Market’s Reaction to Earnings Manipulation Investigations”

David Conklin, Professor, Schulich Business School, York University Canada, "Corporate Governance and Corporate Finance: Issues in the Canadian Market"

Veniamin Livshits,  Professor,  Head,  Nataliya Belousova, Senior Researcher, Elena Vassilyeva, Senior Researcher, Natural Monopoly Research Laboratory, System Analysis Institute Russian Academy of Science . "Problems of State Regulation in Russian Transition Economy"

13:00 – 14:00 Lunch Break

Session 2. 14:00 – 16:30 Research on Corporate Governance

Chair: Paul Laux, Professor, Lerner College of Business and Economics, University of Delaware, USA

Giovanni Urga, Professor, CASS Business School, City University, London, “When Controlling Shareholders Live Like Kings: The Case of Telecom Italia”

Irina Ivashkovskaya, Professor, Center for Corporate Finance, State University – Higher School of Economics,  Igor Belikov, Director, Russian Institute of Directors (RID), “Boards of Directors and Corporate Performance in Transitional Ecoonomies: The Research Based on the National RID-Expert RA Rating”

David Russell, Assistant Professor, Ecole Superior de Gestion, Paris, France, “The Relationship of the internal versus external orientation of non-executive directors to execution of board roles: A framework for board analysis”

Ivan Rodionov, Professor, Pavel Staryuk, Lecturer,  State University – Higher School of Economics, “Strategic Value Based Management of a Company as a Major Objective of Effective Owner”

Andrei Vernikov, Professor, State University – Higher School of Economics, “A Board of Directors Role in Corporate Governance System Based on Controlling Shareholders: Russian Banks Experience”

Tatiana Kovaleva, Associate Professor, International Management Institute, Saint Petersburg, “Board of Directors Effectiveness in Small and Medium Sized Business Firms”

16:30 – 16:50 Coffee-Break

Session 3. 16:50 – 18:00 Transparency and Reputation

Chair: Alexander Settles, Professor, State University – Higher School of Economics

Arif Zaman, Visiting Fellow, Henley Management College, UK, “Reputational Risk and Governance”

Svetlana Borodina, Head of Corporate Governance Rating Practice, Standard & Poors, “Information Transparency of Russian Companies”

Michele Meoli, University of Bergamo, Italy. “Do Rights Issues Really Protect Minorities? Empirical Evidence on the Italian Case”

Zhanna Belyaeva, Associate Professor, Yekaterinburg State University, "On the Way to the Greatness: A Set of Competences for Russian Corporations"

Vladimir Egorov, Expert, European Commission on Economic Interrelations, “Constructing a Transparent and Well-Managed Investment System”