The Elfenworks Center for the Study of Fiduciary Capitalism
The Elfenworks Center for the
Study of Fiduciary Capitalism
Papers From A Conference
Institutional Investors,
Risk/Return and
Corporate Governance Failures:
Practical Lessons from the Global Financial Crisis
A Conference for Institutional Investors,
Practitioners, Professionals and Academics
Held at Saint Mary's College of California
Moraga California
October 5 - 7, 2009
CONVENERS:
The Elfenworks Center for the Study of Fiduciary Capitalism
Saint Mary’s College of California
The Principles for Responsible Investment
The Millstein Center for Corporate Governance and Performance
Yale School of Management
Yale University
SPONSOR:
Hermes Equity Ownership Services, Ltd
RESEARCH SUPPORT:
Investors Responsibility Research Center Institute
CONFERENCE PAPERS
Chasing Alpha: an Ideological Explanation of the Catastrophic Governance Failure in the UK’s Financial Services Industry” by Philip Augar, author of Chasing Alpha: how reckless growth and unchecked ambition ruined the City’s golden decade (Random House 2009) DOWNLOAD
“Against Stupidity, the Gods Themselves Contend in Vain” by Bruce Dravis, Corporate and securities law attorney and former co-chair of the California Corporations Committee DOWNLOAD
“Enablers of Exuberance” by Jennifer Taub, Lecturer and Coordinator of Business Law Program within the Isenberg School of Management at the University of Massachusetts, Amherst DOWNLOAD
“Funding Climate Change: how pension fund fiduciary duty masks trustee inertia and short-termism” by Claire Woods, Doctorial Candidate, University of Oxford, Oxford, England DOWNLOAD
"The Role of Asset Consulting in Transforming Investment Decision-making: The integration of environmental, social and governance considerations into corporate valuation" by Eric R. W. Knight and Adam Dixon DOWNLOAD
"Beyond Risk: Notes toward Responsible Alternatives for Investment Theory" by Steve Lydenberg DOWNLOAD
"An Exploration into Corporate Governance, Risk Analysis and the Financial Crisis: What Did Universal Owners Do and Not Do to Contribute to the Crisis?" by Jim Hawley DOWNLOAD
"REITs, Governance, and the Crisis" by Piet Eichholtz, Nils, Kok and Erkan Yonder DOWNLOAD
Great Expectations: Institutional Investors, Executive Remuneration and 'Say on Pay' by Kim Sheehan DOWNLOAD
The Elfenworks Center for the Study of Fiduciary Capitalism is dedicated to producing both academic and action oriented research that explores the implications of the rise of institutional investors as the dominant owners of equity and debt capital.
The Center will provide a forum for bringing together practitioners, academics and other experts so that the boundaries and duties of fiduciary responsibility can be expanded to better enhance portfolio-wide, long-term performance.
