Navigating corporate governance in emerging markets

October 13rd & 14th, 2018

School of Management, Fudan University

Shanghai, China

The International Corporate Governance Society will have its 4th annual
conference in Shanghai, China. The theme of this conference focuses on
corporate governance in emerging markets. Institutional development and
economic liberalization of emerging markets create great business
opportunities for firms both domestic and foreign. Yet corporate governance
in emerging markets faces some unique challenges. For example, firm
ownership in emerging markets is typically highly concentrated, especially
in state- and family-owned firms. How to protect minority investors’
interests from majority owners’ exploitation represents a serious challenge.

While the conference theme focuses on emerging markets, non-thematic
submissions are also welcome. Due to our inter-disciplinary nature, we
think of corporate governance in broad terms, which includes corporate
social responsibility and ethical business practices.  Shanghai is a great
place for scholars to meet and share their insights on corporate governance
in  emerging markets. The Shanghai and Yangzi Delta area is one of the most
viable economic hubs in China, as it has both large state-owned firms and
MNC  subsidiaries, and it has stimulated domestic entrepreneurship in
recent years. Shanghai Stock Exchange, one of China’s two stock exchanges
(the other is Shenzhen Stock Exchange) was opened in 1990, and to date it
has become one of the largest stock exchanges (in terms of market
capitalization) in the world.  Having a conference in Shanghai offers
scholars a great opportunity to observe and experience corporate governance
in the context of an emerging market and expand your network with Asian

We invite you to submit a research proposal to the conference ( The proposal must build upon previously
unpublished and not-yet-presented original research. A proposal submission
should include the following sections:

(1) Abstract: 200 to 300 word description that summarizes the overall study;

(2) Proposal: Narrative description of your conceptual or empirical study;

(3) Supporting material: Tables, figures, and references that support the
proposal.  Overall, the proposal should not exceed 10 single-spaced pages
in length or 3,000 words.

Proposals can be submitted starting on February 1 and must be submitted by 12
midnight (EST) on April 1, 2018 in order to be considered for presentation.
All proposals must be submitted through our online conference management
system, which is accessed through the ‘Conferences’ tab of the ICGS website

Decisions on submissions regarding their inclusion in the conference
program will be provided by May 15, 2018. The very best proposals will be
invited to submit a full-length research paper of approximately 30-40
double-spaced pages by July 31, 2018 in order to be considered for the best
conference paper award. The author(s) who win(s) this award will be
recognized at the conference and receive a $1,500 check provided by the
Harold S. Geneen Institute of Corporate Governance.

CONFERENCE TRACKS. On the title page of each proposal, the author(s) should

which of the following five conference tracks the proposal best fits:

TRACK A: Institutional development and corporate governance. Corporate
governance of firms in a country reflects the country’s institutional
frameworks. Meanwhile, corporate

governance may also affect the development of external institutional
frameworks. Institutional framework and corporate governance are both
evolving in emerging markets. In this track, we explore the relationship
between these two.

TRACK B: Roles of boards of directors. A board of directors is an important
internal corporate governance mechanism. In this track, we will explore the
roles of boards of directors,

especially independent directors. Studies that examine whether and how
boards’ roles are different (or similar) between emerging markets and
developed countries are particularly


TRACK C: Corporate governance in family-owned Firms. Family-owned firms are
abundant and need greater research attention. In this track, we will
discuss the unique aspects of corporate governance in family-owned firms
and explore how to balance family-owners’ interests and other investors’
interests. We will also explore how family-owned firms manage leadership
succession. Other ownership arrangements can also be considered in this

TRACK D: Trend, determinants and consequences of executive compensation.
Executive compensation has been increasing dramatically in the past
decades, which can create significant pay disparity between executives and
other employees as well as large wealth gap between corporate executives
and the general public. In this track, we will discuss how executive
compensation packages are decided and possible impacts of (high) executive

TRACK E: Corporate fraud and irregularities. Weak institutional frameworks
in emerging markets create opportunities for corporate fraud and
irregularities. However, corporate fraud and irregularities also occur
frequently in countries with well-developed institutions. In this track, we
will explore the antecedents and consequences of corporate misbehavior, as
well as corporate self governance.

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