IESE Insight - Corporate Governance

Will Financial Reforms Really Help Prevent Another Financial Crisis?

Duro, Miguel; Ormazábal, Gaizka The financial crisis of 2007-2008 prompted many reforms, but their effectiveness is still under debate. Miguel Duro and Gaizka Ormazábal review the evidence to discover whether -- and how -- corporate governance reforms are working out in the financial sector.

Why the Presence of Common Shareholders in Rival Companies Looms as a Threat

Azar, José; Schmalz, Martin; Tecu, Isabel "Common ownership" is a buzzword in academic and regulatory circles these days. José Azar's paper linking common ownership to higher airline ticket prices and other negative consequences is at the center of a new debate that could profoundly affect the investment fund industry as we know it.

Does My Partnership Need a Joint Steering Committee?

Reuer, Jeffrey J.; Devarakonda, Shivaram V. Non-equity alliances have become important vehicles to collaborate with external partners, particularly in the biopharmaceutical industry. In this article, the authors discuss their research on the use of joint steering committees to guide such collaborations. These committees provide benefits for companies that might otherwise run up against high levels of uncertainty and put proprietary knowledge at risk.

How Much Should a Strategic Alliance Evolve?

Jiang, Xu; Jiang, Feifei; Ariño, Africa; Peng, Mike W. Strategic alliances, like the companies that form them, must evolve to adapt to their changing environment. But what is the optimal level of adaptation?

Research Insights to Help Promote Women in Management

IESE Insight Are we making progress on the path to gender equality, in terms of lowering barriers to opportunities and ensuring just treatment? Yes, says recent research by IESE faculty, which tackles the gender pay gap, women in leadership, and work-family conciliation -- although there still is much work to be done.

Slow Progress for Women on Spanish Boards

Atrevia; IESE The percentage of women on the boards of Spanish listed companies continues to climb, but it is still far below 2020 goals. What's more, almost half of Spain's listed companies have only one or no female directors.

Independent Directors: A Weapon Against Cartels?

Campello, Murillo; Ferres, Daniel; Ormazábal, Gaizka Price-fixing schemes can cost consumers and companies millions of dollars, not to mention the headache they present for antitrust authorities. Independent directors could help to solve this problem.

Fewer Women (and Men) on IBEX-35 Boards

Pin Arboledas, José Ramón In Spain, the boards of directors of the IBEX-35 companies are smaller this year -- which has the side effect of reducing the number of women serving in these high-profile positions -- according to a report produced by IESE and Atrevia.

A Roadmap for Succession in Family Businesses

Pueyo, R.; Tàpies, Josep; Anitua, Javier; Goenaga, Pedro CEO succession is a decisive moment for any family business, yet many firms remain unprepared. That is according to a report, featuring the collaboration of IESE's Josep Tàpies, with a survey of Spanish firms and a roadmap for succession in six steps.

Women Gain Ground on the Boards of Directors of Both Family and Non-family Businesses in Spain

Tàpies, Josep; Marchal, Marc In a little more than a decade, women have gained considerable ground on the boards of directors of listed Spanish companies. So how does this progress compare for family and non-family businesses? A recent trend may surprise you.