The Millstein Center for Corporate Governance and Performance
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Administration

Stephen M. Davis

203.432.9689
stephen.m.davis@yale.edu

Stephen M. Davis, Ph.D. is Senior Fellow at Yale University School of Management’s Millstein Center for Corporate Governance and Performance. He oversees global programming on capital markets, mutual fund governance, corporate board chairmanship, board-shareowner communications, voting standards and the Tomorrow’s Investor project.

Davis is Chairman of Hermes EOS, the shareowner engagement arm of Hermes Pensions Management, the UK’s largest retirement fund; Chairman of the board corporate governance committee of Dubai Group, the leading financial services company of Dubai Holding, a sovereign wealth fund; Member of the International Advisory Board of NYSE Euronext; Member of the Contributing Committee of Development Partners International; and Member of the advisory board of Cartica Capital. Davis is President of Davis Global Advisors, which consults to institutional investors, professional associations and international organizations, and he is founder-editor of the weekly Global Proxy Watch newsletter.

Dr. Davis co-authored (with Jon Lukomnik and David Pitt-Watson) The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda (Harvard Business School Press, 2006), which was named by the Wall Street Journal, Financial Times and Australian Financial Review as one of the best business books of 2006. The book has been translated into Japanese, Portuguese, Complex Chinese and Korean.

Davis co-chaired The Conference Board’s Working Group on Hedge Funds and serves on the US National Association of Corporate Directors’ Blue Ribbon Commission on board-shareholder communications. He has testified at US congressional hearings, been a columnist for the Financial Times and Compliance Week, and is a frequent media commentator on corporate governance. Named by Directorship as among the 100 most influential figures in corporate governance, Davis is a Fellow of the Royal Society for the Arts.

Davis pioneered the field of international corporate governance when he founded the global unit at the IRRC, in Washington, DC. His Shareholder Rights Abroad: A Handbook for the Global Investor (1989) was the first study comparing corporate governance practices in top markets. Dr. Davis is a co-founder of the International Corporate Governance Network, which represents the interests of institutional shareowners with US$15 trillion in assets, and served as its governor between 2000 and 2003. He was named as ICGN representative to the OECD. Dr. Davis was a member of the UNEP steering group which produced global Principles for Responsible Investment and former UK Prime Minister Tony Blair’s Policy Network working group on economic reform. He co-founded GovernanceMetrics International and g3, a partnership working with the World Bank.

Dr. Davis earned his doctorate in international business and security studies at the Fletcher School of Law and Diplomacy, Tufts University, and completed undergraduate studies at Tufts and the London School of Economics. Other books include Apartheid’s Rebels: Inside South Africa’s Hidden War (Yale University Press, 1987), which was nominated for a Pulitzer Prize.