Corporate Governance Stars of 2010

Posted by The Global Corporate Governance Forum, December 2010.

Each December Global Proxy Watch, the premier source of inside information about key governance developments worldwide, names 10 people around the world who had the most impact on corporate governance in the previous year. Here is the GPW’ 10 for 2010:

Phil Armstrong led a major expansion of the IFC’s influential Global Corporate Governance Forum.

Michel Barnier, by initiating no less than five consultations relating to corporate governance since taking over at European Commission Internal Markets commissioner in February, is laying a new framework for board and shareowner responsibilities in the EU.

Lucien Bebchuk, head of the Harvard Law School Program on Corporate Governance, churned out more than a half a dozen world-class studies in 2010 alone.

Richard Bennett created a new powerhouse by merging Audit IntegrityThe Corporate Library and GovernanceMetrics International, of which he is now executive chair. His moves reshape the industry.

Ann Byrne, head of the Australian Council of Superannuation Investors, championed key shareowner issues such as board diversity and executive pay. [Note: The Harvard Pensions Project, where GPW Editor Aaron Bernstein is a Senior Research Fellow, is undertaking ESG research for ACSI.]

Chris Dodd, the outgoing US Senator from Connecticut, led passage of the landmark Dodd-Frank financial reform law as head of the Banking committee.

Barney Frank spearheaded the Dodd-Frank law from his post as head of the House Financial Services committee.

Sandra Guerra, the Brazilian governance expert, set a new direction for the region with the first study of the role of boards and corporate ownership among Brazilian issuers.

Stephen Haddrill, CEO of the UK Financial Reporting Council, led the development of its widely influential Stewardship Code.

Mary Schapiro led the US Securities and Exchange Commission through waves of reforms, from the Dodd-Frank financial reform law to the proxy system review.

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1 Response to “Corporate Governance Stars of 2010”

  1. 1 Brian Finch December 30, 2010 at 1:09 pm

    An interesting and probably accurate list of the main international influencers of corporate governance in 2010. In that light perhaps we should worry about the influence of Messrs Dodd and Frank who have spearheaded a prescriptive, rules based regime that is probably good in parts but has an overall malign influence that sets up targets for the bad-guys to use their ingenuity to avoid. A field day for lawyers and accountants. One worries that Barnier is heading down the same dirigiste route that will lead to compliance without buy-in and a vast, forced expenditure of corporate resources to achieve little of value, losing economic competitiveness to the far-east.

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