Standard Life Investments rewards excellence in Corporate Governance
10 April 2008
Leading investment house, Standard Life Investments has awarded its Finance Prize to an academic paper for its contribution to the knowledge of Corporate Governance in Europe. The award, which is sponsored on an annual basis by Standard Life Investments, forms part of the 2008 European Corporate Governance Institute’s (ECGI) Working Paper Competition, the results of which will be presented tonight (Thursday 10th April) at the IESE Business School, University of Navarra in Barcelona.
The winning paper is ‘Agency Conflicts, Investment, and Asset Pricing’ by Rui Albuquerque, Boston University, and Neng Wang, Columbia Business School. It examines asset pricing and welfare implications of imperfect investor protection.
Founded in 2002, the ECGI is an international scientific non-profit association. It provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice throughout the industry.
After presenting the award, Guy Jubb, Head of Corporate Governance at Standard Life Investments, said:
“The ECGI is an influential player in the development of European governance policy and practice. Standard Life Investments firmly believes that companies should operate policies that ensure they deliver the highest possible standards in corporate governance and so it is fitting that we should continue to support this award which shines light upon excellence in such an important area of corporate development.
“At a time when investor protection regimes are coming under increased political and public scrutiny, the winning paper provides important insights about the corporate finance and wider policy implications of controlling shareholders pursuing private benefits.”
