ECGTN: Definition of Node Types
The management nodes will deal with the organisation and management of ECGTN’s core objectives, notably the dissemination of results, transfer of knowledge and research, and the Industry Training Programme.
The overall objectives of the training programme and participating institutions are to disseminate state-of-the-art methodological advances among the researchers, and to provide them with hands-on experience in using new techniques for corporate governance research, particularly in disciplines other than those in which they have already concentrated their studies to date.
Training nodes commit themselves to the training of young researchers at the pre-doctoral stage. The network training programme consists of several parts: one-to-one mentoring by the senior researchers, seminar series, exchanges, and the participation at conferences, workshops and summer schools.
Recipient nodes fulfil similar functions as training nodes, and will provide for the transfer of knowledge rather than training per se. Unlike training nodes, however, recipient nodes will provide shorter-term opportunities to junior researchers belonging to the teams.
The main purpose of the inter-sectorial activities of industry nodes is to form connections with industry and policymakers.
Industry nodes will be invited to actively participate in all network-wide training events, in particular in the workshops, conferences and summer schools, and hence will be actively involved in network training.
The industry nodes will also provide advice on specific projects: Working relationships already exist between Sabanci University, Standard and Poor's and McKinsey. Becht (CEPR), Franks (LBS) and Krahnen (Frankfurt) are members of the European Academic Panel of Standard and Poor's that meets at least once a year to discuss research questions that are of mutual interest to S&P and the panel members. Standard and Poor's also provide data access to panel members. Hermes will provide advice to Becht (CEPR), Franks (LBS) and Mayer (Oxford) on their institutional activist project. ABN-AMRO will provide the researchers at the Tilburg node with advice on their takeover project.
The scientist co-ordinator of the network, Marco Becht, will lead an industry advisory board. The board will meet at least once a year to discuss the progress of the network and possible placements of early stage researchers with the nodes. The meetings will typically take place on the day of the annual meeting of the European Corporate Governance Institute (ECGI) in March every year. All industry nodes of the network are currently members of the ECGI.
In addition to the above-mentioned European nodes, four overseas institutions (three US, one Canadian) will participate in ECGTN, contributing to the network through the Transfer of Knowledge. In addition, the participating institutions will provide advice to the European teams with particular regard to incorporating training on state-of-the-art methodologies. Depending on the availability of funds, bilateral exchanges are envisaged.