Introduction to the Network
Recent corporate governance scandals in the United
States and Europe, some of which have triggered the largest insolvencies
in history, have caused a crisis of confidence in the corporate sector.
As a result, corporate governance has entered the vocabulary of not only
of researchers but also of pension fund beneficiaries, employees of all
ranks, chief executive officers and Prime Ministers. Improving corporate
governance is now recognized in most countries and policy circles to have
first-order macroeconomic consequences and has become a mainstream concern.
The ECGTN project was funded by the European Commission under the Marie Curie Research Actions. It lasted 4 years, starting in June 2004 and ending in September 2009. The Co-ordinator of the network was Marco Becht of the Centre for Economic Policy Research (CEPR).
For the duration of this project and beyond, this ECGTN website, www.ecgtn.org, acts as a focal point of information and communication for all those involved in the project and in the general interest for the public at large. In particular, it highlights the network's research.