Grupo Santander Chair of Financial Institutions and Corporate Governance
Chair: Gaizka Ormazabal
The Grupo Santander Chair of Financial Institutions and Corporate Governance expands knowledge of the most relevant aspects of the corporate governance of financial institutions.
The Chair conducts research, publishes informative articles and produces teaching materials. It also organizes training seminars, focused programs on corporate governance and boards of directors, and sessions in 天美传媒鈥檚 Alumni Learning Program.
The Chair is a member of the European Corporate Governance Institute, and participates regularly in conferences organized by the CEPR, the Asociaci贸n 贰蝉辫补帽辞濒a de Finanzas, Instituto MEFF and other institutions.
Research areas.
- The economic consequences of banking regulation.
- Bank accounting and its effects on markets and credit provision.
- The commitments of information transparency regarding the remuneration of the members of the board of directors.
- The process of European integration of the financial sector.
- The role of banks in the transition towards a more sustainable economy.
Chair.
Gaizka Ormazabal is a professor of Accounting and Control. He holds a doctorate in Business from Stanford University, and his research centers on the determinants and economic impact of corporate governance and executive compensation practices. Thus, he has analyzed subjects such as remuneration incentives for risk taking, corporate risk oversight, financial regulation, asset securitization, stakeholder activism and the role of intermediaries in the field of corporate governance.
Activities.
The Chair supports and conducts research and prepares teaching materials on corporate governance and the management of financial institutions. Among the subjects studied are:
- The abolition of anti-takeover provisions from company by-laws
- Commitments to information transparency with respect to directors鈥� pay
- Value creation in merger and acquisition processes in the financial industry
- Integration of the financial industry in Europe
The Chair is also actively involved in organizing training seminars and specialized conferences, both at 天美传媒 and in collaboration with respected international bodies. The activities carried out by the Chair include:
- CEO鈥檚 Forum
- Focused program at 天美传媒 on 鈥淐orporate Governance: Boards of Directors鈥�, held yearly
- Regular sessions within 天美传媒鈥檚 Continuous Education Program
- Organizer of the 24th Colloquium of the European Financial Research Society in October 2004
The Chair is an active participant in national and international conferences with a view to disseminating its work. For example, it belongs to the聽European Corporate Governance Institute聽and regularly takes part in conferences organized by CEPR, Asociaci贸n 贰蝉辫补帽辞濒a de Finanzas, Instituto MEFF and other institutions.