Center for Corporate Governance (CCG)
Center for Corporate Governance (CCG)
President: Jordi Canals
The Center鈥檚 publications present ideas, analysis, and reflections on current and relevant issues in corporate governance. Explore our academic contributions, cases, opinion articles, and reports on boards of directors.
Academic Contributions.
- Boulongne, R., Young-Hyman, T., Berrone, P. (2026). Short-term demands and long-term commitments. A Temporal model of stakeholder governance. Academy of Management Journal.
- Dai, J., Ormazabal, G., Pe帽alva, F., Raney, R. (2026). Mandatory investor disclosure, sustainability commitments, and portfolio decarbonization. Journal of Accounting and Economics,听81 (1), Article 101817.
- Ant贸n, M., Ederer, F., Gin茅, M., Ramirez, G. (2025). Common ownership around the world. Cambridge, MA: National Bureau of Economic Research.
- N’Gatta, D., Ormazabal, G., Raney, R. (2025). Trading of emission allowances and Reporting Incentives. Journal of Accounting and Economics,听80 (2/3), Article 101804.
- Neckebrouck, J., Schulze, W. S. (2025). Owner-management, board governance and responses to performance feedback in private firms. Journal of Business Venturing,听40 (4), Article 106509.
- Jochem, T., Ormazabal, G., Rajamani, A. (2025). Why have CEO pay levels become less diverse? Journal of Finance.
- Friedman, H. and Ormazabal, G. (2024). The role of information in building a more sustainable economy: A supply and demand perspective. Journal of Accounting Research.
- Simeth, M., and Werheim, D. (2024). On innovation and institutional ownership. Journal of Corporate Finance.
- Ant贸n, M., Ederer, F., Gin茅, M., and Schmalz, M. (2024). Innovation: The bright side of common ownership. Management Science.
- Vives, X. et alia (2024): Banking turmoil and regulatory reform. London: CEPR.
- Dai, J., Ormazabal, G., Pe帽alva, F., Raney, R. (2023). Imposing sustainability disclosure on investors: Does it lead to portfolio decarbonization?. European Corporate Governance Institute.
- Ant贸n, M., Ederer, F., Gin茅, M., Schmalz, M. (2023). Common ownership, competition, and top management incentives. Journal of Political Economy.
- Cohen, S., Kadach, I., Ormazabal, G. (2023). Institutional investors, climate disclosure, and carbon emissions. Journal of Accounting and Economics, 81.
- Bonetti, P., Ormazabal, G. (2023). Boosting foreign investment: The role of certification of corporate governance. Journal of Accounting Research, 61(1), 95-140.
- Almandoz, J. (2023). Inside-out and outside-in perspectives on corporate purpose.聽Strategy Science.
- Cohen, S., Kadach, I., Ormazabal, G., Reichelstein, S. (2023). Executive compensation tied to ESG performance: International evidence. Journal of Accounting Research, 61 (3), 805-853.
- Bonetti, P., Ormazabal, G. (2023). Boosting foreign investment: The role of certification of corporate governance. Journal of Accounting Research, 61(1), 95-140.
- Cohen, S., Kadach, I., Ormazabal, G. (2023). Institutional investors, climate disclosure, and carbon emissions. Journal of Accounting and Economics, 81.
- Duro, M., L贸pez-Espinosa, G., Mayordomo, S., Ormazabal, G., Rodr铆guez-Moreno, M. (2022). Enforcing mandatory reporting on private firms. The role of bankers. Banco de Espa帽a Working Paper n. 2238.
- S.Cohen, I. Kadach and G. Ormazabal (2022), Why do institutional investors request climate related disclosures?. SSRN Working paper.
- Canals, J. (2023). Boards of directors in disruptive times. Cambridge: Cambridge University Press.
- Fernandes, N. (2023). Climate finance.
- Arribas, F., Boulongne, R., Canals, J. (2025). Vallformosa: Competing in a market of giants. 天美传媒, SM-1773-E.
- Arribas, F., Canals, J. (2024). The Walt Disney Company in 2023: In search of the new CEO. 天美传媒 Publishing, SM-1763-E.
- Ravent贸s, A., Canals, J. (2023). Mango: retos estrat茅gicos en un entorno incierto. 天美传媒 Publishing, SM-1736-E.
- Canals, J. (2022). Danone in 2021: Dealing with activist investors. 天美传媒 Publishing, SM-1720-E.
- Masclans, R., Canals, J. (2021). Promofarma. 天美传媒 Publishing, SM-1962.
- Canals, J., Masclans, R., T脿pies, J. (2021). Fluidra: creando la empresa del futuro. 天美传媒 Publishing, SM-1967.
- Masclans, R., Canals, J. (2021). Amadeus: Impulsando el creciemiento a largo plazo. 天美传媒 Publishing, SM-1961.
- Masclans, R., Canals, J. (2021). Ingka: Gobierno corporativo, prop贸sito y transformaci贸n. 天美传媒 Publishing, SM-1698.
Opinion Articles.
- Power Steering, Not a Brake 鈥� How Boards Should Actually Govern AI
- How are boards dealing with corporate disruption?
- It鈥檚 not who sits on the board, but what they do
- Risk as the language of the boardroom, not a compliance ritual
- Family business, corporate longevity and governance
- How institutional ownership is rewriting corporate governance
- The EU鈥檚 sustainability reporting framework at a crossroads
- Leading through a polarized world
- International strategy in a time of global disruptions
- When boards matter: Rethinking governance in owner-managed private firms
- Exit vs. Voice: How do shareholders influence decarbonization?
- How institutional investors have changed governance mechanisms around the world
- Shareholders and corporate governance
- Navigating uncertainty and conflict: Learnings from effective venture boards
- Is executive compensation becoming 鈥淥ne-size-fits-all鈥�?
- . A framework for positive board 鈥� CEO collaboration
- . The corporate sustainability reporting directive: What every board should keep in mind
- . Hiring a suitable CEO
- . Board behavioral dynamics: Implications for board effectiveness
- . Is CEO succession planning a priority for boards of directors?
- . Towards a new model of boards of directors
- . What makes an effective board: Insights from new survey data
- . Environmental risk readiness: Strategies for top executives and boards
- 聽 CEOs political views: Should they matter?
- How should boards think about strategy?
- Sustainability disclosure regulation: Is it effective?
- Boards of directors and artificial intelligence
- Relevant shareholders and corporate governance
- Setting the tone at the top: How boards can help teamness in the executive suite
- Climate finance: What board members need to know
- Carbon accounting: What every board director should know
- Boards, geopolitics and corporate strategy
- ESG factors and corporate culture
- An agenda for effective boards
- Crypto, regulation and governance
- Evaluating corporate governance effectiveness in a rapidly evolving context
- The influence of culture in corporate governance
- Boards of directors should look beyond the crisis
- ESG-linked pay
- How do board directors look at critical board functions?
- 聽Corporate Governance: The Role of Corporate Culture
- 聽Boards of Directors and the Return of Geo-Political Risks
- 聽Sustainability Strategy Needs Global Standards
- 聽Boards, Corporate Strategy and Activist Investors
- 聽Boards of Directors, Hedge Fund Activism and Strategic Decision Making
- 聽The role of boards of directors in corporate strategy
- 聽Governance relationships between shareholders: Learnings from private equity investments in family firms
- Lessons about corporate governance from venture capital-backed companies
- 聽Changing while keeping the substance: The role of governance
- Should boards of directors care about people?
- The board towards the future
- Sustainability reporting: Where are we at and where are we heading?
- Real versus rhetorical environmental actions: What鈥檚 their impact on corporate reputation?
- Should corporate governance enter into a new era with purpose? A business model perspective
- Do we need corporate purpose to improve corporate governance?
- Purpose with a soul
- Corporate governance and corporate purpose: The ongoing debate
- Shareholder involvement in times of COVID-19
- Can boards afford purpose and sustainability during the pandemic?
- Boards need to think beyond the COVID19 crisis
- Some unique challenges for boards of directors
- The 2025 board
- What are the implications of the sustainable development goals for corporate governance?
- Are the big three鈥檚 corporate governance activities contributing to reducing carbon emissions?
- 聽The role of board of directors in M&As
- Is technology disrupting our corporate governance System?
- 聽Some features of investor activism in Europe. How should companies prepare?
- 聽Business Roundtable moves corporate purpose forward
- 聽Corporate criminal liability in Europe: some implications for corporate governance
- On purpose and governance
- 聽Responsible investment: What does it mean for boards of directors?
- 聽Corporate culture and values. How can the board of directors set the tone?
- 聽Corporate governance for company continuity
- 聽Can shareholder activism reduce our carbon footprint?
- 聽Great boards get engaged in the company鈥檚 strategy
- Corporate governance for long-term growth
Reports on Boards of Directors.
2026 天美传媒 Survey on Boards of Directors
The 2026 天美传媒 Survey of Boards of Directors explores board members鈥� perspectives on the key governance challenges shaping today鈥檚 business environment, including the strategic implications of AI, rising geopolitical risks, board鈥搒hareholder engagement, board effectiveness and CEO succession planning, and the integration of sustainability and climate issues into corporate strategy and oversight.
Access the full report here.
2024 天美传媒 Survey on Boards of Directors
The 2024 天美传媒 Survey on Boards of Directors captures board members鈥� perspectives on the main challenges facing boards today: from corporate purpose and culture to board competencies and internal dynamics, CEO leadership development and succession planning, and corporate strategy in a context shaped by geopolitical uncertainty.
Access the full report here.
2022 天美传媒 Survey on Boards of Directors
The 2022 天美传媒 Survey on Boards of Directors gathered board members鈥� views on key issues such as the board鈥檚 role in relation to corporate purpose and ESG criteria, its strategic focus, the relevance of corporate culture in governance, and the level of engagement and collaboration within the board itself.
Access the full report here.
Corporate Governance Conference E-Books
In collaboration with the European Corporate Governance Institute (ECGI), the 天美传媒 Center for Corporate Governance presents a collection of e-books compiling the key discussions, research insights and main takeaways from our annual conferences.
These publications also include exclusive links to session videos, speaker presentations and academic research papers.
Family Firms: Purpose, Economic Performance and Social Impact
Shareholders鈥� Role and Responsibilities in Times of Corporate Disruption
