The Millstein Center for Corporate Governance and Performance

THE ORIGINS OF SHAREHOLDER ADVOCACY
CONFERENCE

The Center’s call for papers, “Origins of Shareholder Advocacy,” was posted on SSRN on January 24, 2009 and selected papers received from the call, will be presented at an academic conference at Yale on November 6-7, 2009. This “Project 400” event is framed to mark the first recorded dissident shareowner petition, filed by investor Isaac Le Maire on January 24, 1609 as a bill of complaints involving the Dutch East India Company. This conference was made possible in part with support from:

APG

Listen to Stephen Davis, Executive Director at the Millstein Center, discuss Isaac Le Maire and his unique place in financial history. (10:24)

To register for this conference to go :
http://events.som.yale.edu/index.php?eventid=630

THE ORIGINS OF SHAREHOLDER ADVOCACY ACADEMIC CONFERENCE
November 6-7, 2009
Agenda

Friday, November 6, 2009 – Yale School of Management

7:45-8:00A	Bus Shuttles from the Courtyard New Haven at Yale to Yale School of Management, 60 Sachem Street, Room A74
8:30A-8:45A	*Opening Remarks*
	Speaker: Jonathan Koppell, Associate Professor of Politics and Management, Yale School of Management
8:45A-9:35A	*Session 1: Room A74*
8:45-9:15A	"Putting Le Maire into Perspective: Business Organization and the Evolution of Corporate Governance in the Dutch Republic, 1590-1640"
	Presenters: Abe de Jong, Professor of Corporate Finance at Rotterdam School of Management, Erasmus University and Professor of Financial Accounting at University of Groningen; Oscar Gelderblom, Associate Professor at the Department of History of Utrecht University (The Netherlands); and Joost Jonker, ,Associate Professor in Economic and Social History at Utrecht University.
9:15-9:25A	Discussant: Stephen Davis, Executive Director and Lecturer, Millstein Center for Corporate Governance and Performance, Yale School of Management
9:25-9:35A	Open Discussion
9:35A-9:50A	*Coffee Break*
9:50A-10:40A	*Session 2: Room A74*
9:50-10:20A	“The Shanxi Banks: Corporate Governance with Chinese Characteristics”
	Presenters: Randall Morck, Jarislowsky Distinguished Chair in Financial Economic, University of Alberta and Fan Yang, Associate Professor at the Edwards School of Business, University of Saskatchewan
10:20-10:30A	Discussant: Bruce Kogut, Sanford C. Bernstein and Co., Professor of Leadership and Ethics, Columbia Law School
10:30-10:40A	Open Discussion
10:40A-11:30A	*Session 3: Room A74*
10:40-11:10A	"Shareholders’ Rights in the Early Italian Companies: Agency Problems and Legal Strategies"
	Presenter: Corrado Malberti, Research Fellow and Professore a Contratto, Bocconi University (Milan)
11:10-11:20A	Discussant: Rick Antle, William S. Beinecke Professor of Accounting, Yale School of Management
11:20-11:30A	Open Discussion
12:00P-1:30P	*Lunch* – Room A74
	Speaker: Ira Millstein, Senior Associate Dean for Corporate Governance, Yale School of Management
1:30P-2:20P	*Session 4: Room A74*
1:30-2:00P	*“Shareholder Activists in the Dutch East India Company 1622: Redde Rationem Villicationis Tuae! Give an Account of Your Stewardship!”*
	Presenter: J. Matthijs de Jongh, PhD Researcher, Research Department of the Supreme Court of The Netherlands
2:00-2:10P	Discussant: Jonathan Koppell, Associate Professor of Politics and Management, Yale School of Management
2:10-2:20P	Open Discussion
2:20P-2:35P	*Coffee Break*
2:35P-3:25P	*Session 5: Room A74*
2:35-3:05P	“Shareholder Activism in the Virginia Company of London, 1606 – 1624”
	Presenter: Thomas William Hall, Associate Professor of Finance and Economics, Christopher Newport University (CNU)
3:05-3:15P	Discussant: Karen Brenner, Clinical Professor of Business, New York University Leonard N. Stern School of Business
3:15-3:25P	Open Discussion
3:25P-4:15P	*Session 6: Room A74*
3:25-3:55P	"Origins of 'Offensive' Shareholder Activism in the United States"
	Presenters: John H. Armour, Lovells Professorship in Law and Finance, Oriel College and Brian R. Cheffins, S.J. Berwin Professor of Corporate Law at the Faculty of Law, University of Cambridge
3:55-4:05P	Discussant: Arthur Pinto, Professor of Law, Brooklyn Law School
4:05-4:15P	Open Discussion
4:15P	Bus Shuttle to Courtyard New Haven at Yale, 30 Whalley Avenue, New Haven
4:45P	Bus Shuttles from Courtyard New Haven at Yale to the Beinecke Library
5:00-6:00P	Cocktail Reception at the Beinecke Library, 121 Wall Street, New Haven
6:15P	Proceed down Wall Street to Quinnipiack Club
6:30-8:00P	Dinner –Quinnipiack Club, 221 Church Street, New Haven, CT (Authors and Discussants Only)
8:00-8:30P	Bus Shuttles from Quinnipiack Club to the Courtyard New Haven at Yale
Saturday, November 7, 2009 – Yale School of Management

8:15-8:30A	Bus Shuttles from the Courtyard New Haven at Yale to Yale School of Management, 55 Hillhouse Avenue
9:00-9:15A	*Opening Remarks*
	Speaker: Stephen Davis, Executive Director and Lecturer, Millstein Center for Corporate Governance and Performance, Yale School of Management
9:15-10:05A	*Session 7: GM Room*
9:15-9:45A	"The Origins of Financial Regulations: The Impact of Licenses, Formal Monitoring, and Public Gatekeepers on the Development of Equity Markets in Late-Medieval Venice"
	Presenter: Yadira Gonzalez de Lara,Universidad Cardenal Herrera, CEU
9:45-9:55A	Discussant: Tamar Frankel, Professor of Law, Boston University School of Law
9:55-10:05A	Open Discussion
10:05-10:20A	*Coffee Break*
10:20-11:10A	*Session 8: GM Room*
10:20-10:50A	"The Great Expropriation: Understanding the Innovation of Permanent Capital in the Dutch and English East India Companies"
	Presenter: Andrew Von Nordenflycht, Assistant Professor, Faculty of Business, Simon Fraser University
10:50-11:00A	Discussant: William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies & Director of the International Center for Finance, Yale School of Management
11:00-11:10A	Open Discussion
11:10A-12:00P	*Session 9: GM Room*
11:10-11:40A	"Compagnie des Indes, Governance and Bailout"
	Presenter: Reza Dibadj, Professor of Law, University of San Francisco
11:40-11:50A	Discussant: Martijn Cremers, Associate Professor of Finance, Yale School of Management
11:50-12:00A	Open Discussion
12:00-1:00P	*Lunch-GM Room*
1:00P-1:50P	*Session 10: GM Room*
1:00-1:30P	"Corporate Governance and Stockholder/Stakeholder Activism in the United States, 1790-1860: New Data and Perspectives"
	Presenters: Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets and Professor of Economics, Stern School of Business, New York University and Robert E. Wright, Nef Family Chair of Political Economy, Augustana College
1:30-1:40P	Discussant: Timothy Guinnane, Philip Golden Bartlett Professor of Economic History, Yale Department of Economics
1:40-1:50P	Open Discussion
1:50P	Farewell
2:00P-2:30P	Bus Shuttles to the Courtyard New Haven at Yale and Union Train Station