Events

Upcoming Events

Conference on Racial Equity in Corporate Governance - October 29, November 16, January 14 | Webinar

Join the Millstein Center, the Institute for Law & Economics at the University of Pennsylvania, the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University, and the Stanford Center for Racial Justice at Stanford Law School for the first installment of our three-part conference series on racial equity in corporate governance.

You can register here.

Panel 1: How Can We Increase Racial Diversity in the C-Suite and Boardroom? - October 29, 2020, 1-3 p.m. ET

In this first installment of our conference series, Chris Brummer (Agnes N. Williams Professor and Faculty Director, Institute of International Economic Law, Georgetown University Law Center) will moderate a discussion on how to increase racial diversity in the C-suite and boardroom with panelists: 

  • Gilbert CasellasIndependent Director and Consultant
  • Janet FouttyExecutive Chair of the Board, Deloitte US
  • Paul MartinChief Diversity Officer, Sony Pictures Entertainment
  • Barry Lawson WilliamsRetired Investment Consultant and Corporate Director
  • Jessie Woolley-WilsonCEO & President, DreamBox Learning

The panel will debunk excuses for insufficient diversity in these spaces and explore topics such as the economics of diversity and implications for fiduciary duties, generating a diverse pipeline of candidates, equity in promotion opportunities, and equity and inclusion in the boardroom experience.

We will conclude with a "deep-dive" session on statutory reform in the context of California's newly enacted statute requiring public companies to include directors from underrepresented communities on their boards. Gillian Lester (Dean and the Lucy G. Moses Professor of Law, Columbia Law School) will moderate a conversation between Joseph Grundfest (William A. Franke Professor of Law and Business, Stanford Law School and Senior Faculty, Arthur and Toni Rembe Rock Center for Corporate Governance, Stanford University) and Aaron Dhir (Florence Rogatz Visiting Professor of Law, Yale Law School and Associate Professor of Law, Osgoode Hall Law School).

Leo E. Strine, Jr. (Former Chief Justice, Delaware; Distinguished Fellow, Columbia and Penn Law Schools; Of Counsel, WLRK) will deliver opening remarks.

Panel 2: What Can the C-Suite and Boardroom Do to Promote a More Inclusive Workforce and Racial Equity? - November 16, 2020, 4-5 p.m. ET

The discussion will examine strategies and best practices for how boards and executive leaders can advance progress at their companies on the critical issues of inclusion and racial equity. Board, Human Capital Management, Institutional Investor and Technology leaders will share perspectives on the important questions of managing expectations from constituents inside and outside the corporation, the role of the corporation in its community and measurement of progress on inclusion and racial equity issues.

Speakers will include:

  • Dane E. HolmesCEO and Co-Founder, Eskalera; Former Executive Vice President, Partner and Global Head of Human Capital Management, Goldman Sachs
  • Jonathan McBrideformer Managing Director, Global Head of Inclusion and Diversity, BlackRock; Advisor to Boards, CEOs and Executive Teams
  • Phuong Phillips, Chief Legal Officer, Zynga
  • Pat Wadors, Chief Talent Officer, ServiceNow; Former Senior Vice President, Global Talent, LinkedIn; Board Member Accolade and Zenefits

Panel 3: What (if Anything) Can a Rebalanced System of Corporate Governance Do to Promote Racial Equity? - January 14, 2021, 4-6 p.m. ET

The third installment of the conference will examine mechanisms and agents for rebalancing corporate governance in the interest of promoting racial equity. This session will explore questions of defining corporate purpose and best practices, the role of disclosure requirements, executive compensation incentives, and the roles of directors, investors, proxy advisory firms, and general counsel in addressing racial equity. Lisa Fairfax (Alexander Hamilton Professor of Business Law and Director of the GW Corporate Law and Governance Institute, George Washington University Law School) and Omari Scott Simmons (Howard L. Oleck Professor of Business Law and Director of Business Law Program, Wake Forest Law School) will moderate the discussion with:

  • Keir GumbsAssociate General Counsel, Global Corporate, M&A and Securities and Deputy Corporate Secretary, Uber Technologies, Inc.
  • Osagie ImasogieCo-Founder and Senior Managing Partner, PIPV Capital
  • Erika JamesDean, The Wharton School at the University of Pennsylvania
  • Jennifer KrevittManaging Director & Global Head, Human Capital Management, Consumer & Investment Management Division, Goldman Sachs
  • Anne RobinsonManaging Director, General Counsel and Corporate Secretary, Vanguard
  • Kim RuckerDirector, Celanese Corporation, Lennox International, Inc., and Marathon Petroleum Corporation

Board Leadership Forum - November 12, 2020 | Virtual

In response to the many questions we have received from the Board Leadership Forum community amidst the COVID-19 pandemic, we are adapting how we keep this peer group engaged on timely and important topics in the immediate future.

To that end, alongside Deloitte, we are hosting periodic, virtual sessions of the Forum on a more frequent basis, during which board leaders can share practices they are employing to deal with the crisis and engage in discussion about the most pressing issues boards are facing today.

Senator Mitt Romney will join Board Leadership Forum members on Thursday, November 12 to discuss recent Senate developments and legislative initiatives and their implications for the business community. The session will conclude with a peer discussion.

By invitation


For more information on our events or to request an invitation, please contact the Center's Assistant Director, Brea Hinricks, at bhinricks@law.columbia.edu.

Featured Past Events

Rethinking Stewardship Conference - October 23, 2020, 9:30am - 3:45pm ET | Webinar

The Millstein Center, ECGI, and Columbia Law School's Center for Law and Economic Studies hosted a virtual conference on October 23rd focused on "Rethinking Stewardship."

The reconcentration of share ownership into the hands of a small number of institutional investors holding broadly diversified portfolios has led to calls for adoption of a particular corporate governance stance by these investors, “stewardship.” Indeed, many jurisdictions, following the lead of the UK, have adopted stewardship codes into their regulatory framework. “Stewardship” has generally been taken to mean engagement with portfolio companies in view of long term shareholder interests, though some have argued for a broader conception of stewardship obligations. Since companies are likely to be responsive to the convictions of their largest shareholders, one especially important question is how particular models of stewardship will affect the way that public companies frame and address the ESG issues now urged upon them.  

The goal of the conference is to examine this conception of stewardship for its “fit” with current practices of institutional investors, the “products” that asset managers offer to beneficial owners, and the diverse patterns of ownership and economic development throughout the world. In short, the goal is to “Re-Think Stewardship.”

For more information, see:

Taking the High Road:
Navigating Corporate Responsibility to Advance Public Welfare - October 6, 2020 | Webinar

On October 6, the Millstein Center and Cleary Gottlieb hosted a webinar for in-house counsel featuring a lively discussion moderated by Colin Stretch, former Facebook General Counsel, with the General Counsel of Morgan Stanley (Eric Grossman), Nike (Hilary Krane), Bristol-Myers Squibb Company (Sandra Leung), Honeywell International (Anne T. Madden), and Google (Halimah DeLaine Prado).

In case you missed the live webinar, see the replay below.

Board Leadership Forum - May 12, 2020 | Virtual

The Millstein Center, alongside Deloitte, held a virtual session of its Board Leadership Forum. We were joined by The Honorable Leo E. Strine, Jr., Former Chief Justice of the Delaware Supreme Court, who provided his advice for boards today based on 21 years of experience on the bench.

Leadership in Times of Crisis: What General Counsel Are Doing Now - April 17, 2020 | Webinar

On Friday, April 17th the Millstein Center and Cleary Gottlieb hosted a webinar for in-house counsel exploring how general counsels and their teams are handling the COVID-19 pandemic. We were joined by David Leitch (Global General Counsel, Bank of America), Jennifer Zachary (Executive Vice President, General Counsel and Corporate Secretary, Merck & Co., Inc.), Brandon Nelson (General Counsel and Corporate Secretary, JetBlue), and Louise Parent (Of Counsel, Cleary Gottlieb and Former General Counsel, American Express) for a panel discussion moderated by Millstein Center Co-Director Eric Talley. Michael Gerstenzang, Cleary Gottlieb's Managing Partner, gave opening remarks.

In case you missed the live webinar, see the replay below.

Conference on Academic Lobbying - December 5-6, 2019 | New York, NY

The Millstein Center was delighted to co-sponsor the fourth annual Theory of the Firm conference, dedicated to the topic of “Academic Lobbying,” alongside Columbia Business School, the Center on Global Economic Governance at the Columbia School of International and Public Affairs, Harvard Business School, the University of Oxford Blavatnik School of Government, and the University of Chicago Booth School of Business.

Public Aspects of Private Equity - November 19, 2019 | New York, NY

We were joined by Chris Cozzone (Principal, Bain Capital Double Impact), Donna Hitscherich (Senior Lecturer in the Discipline of Business and Director, Private Equity Program), and Emily Mendell (Managing Director, Membership, Events & Communications at the Institutional Limited Partners Association) in a discussion moderated by Aamir A. Rehman (Senior Fellow, Richman Center).

Private equity (PE) plays an important role in investment markets and the broader economy. Private equity funds—managed by general partners, or GPs—take stakes in companies, exercise control, and actively seek to improve the performance of their portfolio companies. They do so in pursuit of financial returns for their investors (limited partners, or LPs) higher than the returns available in public markets. PE has become a key engine of investment markets, seeking absolute return while driving performance and efficiency in portfolio companies. PE is by definition private, and its activities are generally opaque.

This event explored the public aspects of private equity, including questions such as:

  • What public impact does private equity have?
  • What ESG (environmental, social, and governance) considerations, if any, should GPs consider in their activities? Does the involvement of public institutions as LPs affect the social responsibilities of a fund?
  • Are there trade-offs between financial return and ESG considerations?
  • What actions do LPs take to align the activities of the funds in which they invest with their own ESG commitments and values? How do these actions compare across asset classes?  
  • How are pioneer asset managers navigating these complex issues? What best practices can they offer?
  • What role, if any, should public institutions—for example, pension funds and endowments—play in seeking public good as LPs in private equity funds?

The event was co-sponsored alonside the Richard Paul Richman Center for Business, Law, and Public Policy, in partnership with the Private Equity Program.

You can find an edited transcript of the event, published in the Journal of Applied Corporate Finance, here.

Roundtable on Corporate Purpose with Colin Mayer - October 17, 2019 | New York, NY

The Millstein Center hosted a roundtable with Professor Colin Mayer, of the University of Oxford’s Saïd Business School, to explore his work with the British Academy’s Future of the Corporation Programme on corporate purpose and how business can be reconceptualized to meet the needs of the 21st century.

A small group of business leaders, academics, regulators and practitioners workshopped concrete ideas and policy recommendations for how to adapt the Programme’s “Principles to Promote the Corporation of the Future” to the U.S. context.

The group focused primarily on the following Principles:

  • Corporate law should be reformulated around corporate purpose instead of shareholder rights.
  • Regulation should require companies that perform public functions to have corporate purposes that reflect their public roles.
  • Ownership relates to the specification of corporate constitutions, implementation of corporate purposes, and the corporate values associated with them.
  • Corporate governance is not about aligning managerial interests with those of shareholder interests but with the delivery of a company’s purpose.

The Future of Capitalism with Sir Paul Collier and Colin Mayer - October 16, 2019 | New York, NY

The Millstein Center hosted a discussion on the Future of Capitalism, where we explored how capitalism and business might change to work better for society. Two of the leading scholars in this area, Oxford business professor Colin Mayer and Sir Paul Collier, a professor of economics and public policy at Oxford, shared insights from their new books, Prosperity: Better Business Makes the Greater Good and The Future of Capitalism: Facing The New Anxieties.

Following Professor Collier and Professor Mayer’s presentations, they were joined on a panel with Alan Schwartz, Executive Chairman of Guggenheim Partners, and Steve Pearlstein, business and economics columnist for The Washington Post, to provide commentary and facilitate discussion. The Millstein Center's Executive Director, Kristin Bresnahan, moderated. 

An edited transcript of the event, available here, was published in the Spring 2020 issue of the Journal of Applied Corporate Finance.

Missed the event? Check out the full recording here!

Private Ownership at a Public Crossroads Roundtable at TPG - October 11, 2019 | San Francisco, CA

As the next installment of our Future of the Corporation Project exploring the rise of the private markets, the Millstein Center convened a roundtable at TPG Capital's offices in San Francisco to explore the following questions among a small group of academics, practitioners and regulators:

  • Factors driving the public/private decision: Is it necessarily “good” or “bad” to have more public companies? Are there barriers preventing or discouraging issuers from accessing the public markets, and if so, what are they? What factors are driving whether a company stays private or goes public? Will increased regulation of the private markets change the calculus? Will (and should) innovations like the Long-Term Stock Exchange gain traction and urge more companies to go public? What about the use of dual-class shares and multi-tiered capital structures?
  • Private vs. public company governance structures:  How do ownership and governance structures differ between public companies and private companies? Could the private governance model lend itself to improved governance for public companies, and are there aspects of the public governance model that will inform choices for private company governance? Is there a role for regulation in making these choices?
  • Changes in the structure of private equity and venture capital financing:What is different about “seed” vs. “venture funding,” and how much does such funding specialization improve efficiency and benefit investors and funding recipients? How have changes within private equity allowing for increased liquidity affected companies’ decision to stay private or go public?

Corporate Governance “Counter-narratives” Conference: On Corporate Purpose and Shareholder Value(s) - March 1, 2019

The Millstein Center kicked off off its Counter-Narratives Project by convening corporate governance experts to discuss and debate “counter-narratives” to the conventional shareholder primacy paradigm—the theory that shareholder interests should be prioritized above the interests of all other stakeholders (including debtholders, employees, customers, suppliers, the environment, the community, and the corporation itself). 

The alternative theories, or “counter-narratives,” are critical of the limited perspective of the shareholder primacy construct and argue that such a narrow view encourages “short-termist” actors and behaviors which have contributed to economic malaise and increasingly skewed distribution of wealth. These counter-narratives propose possible methods of better balancing the interests of all stakeholders and measuring the success of a corporation through means which transcend simple shareholder wealth maximization.

The “counter-narrators” included Saïd Business School Professor Colin Mayer, who recently organized a British Academy project on The Future of the Corporation and finished a book called Prosperity: Better Business Makes the Greater Good, and Chief Justice Leo Strine of the Delaware Supreme Court, who wrote a series of articles describing the reality of shareholder power and calling for better use of this power (“investing for the long-term”). SEC Commissioner Robert Jackson, a former Columbia Law Professor and former Executive Director of the Millstein Center, delivered the keynote address.

See the day’s agenda here, the conference materials here, and recordings of each of the sessions here. Executive summaries of each of the panels were also published in the Summer 2019 issue of the Journal of Applied Corporate Finance, available here.

Inaugural Roundtable on The Rise of Private Markets and the Decline of Public Equity - October 26, 2018

To kick off its initiative on the Rise of Private Markets and the Decline of Public Equity (part of the Future of the Corporation Project), the Millstein Center convened 30 participants from academia, regulatory agencies, and private equity and venture capital firms to discuss the key issues and formulate the initial research agenda. See the day's agenda here

The Millstein Center’s February 2019 white paper, Private Ownership at a Public Crossroads: Studying the Rapidly Evolving World of Corporate Ownership, outlines the path forward following the initial round-table and identifies topics for further research. 

2020

March 31, 2020 - Virtual
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

April 21, 2020 - Virtual
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

June 15, 2020 - Virtual
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

September 25, 2020 - Virtual
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

2019

May 2, 2019 - New York City
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

May 9, 2019 - New York City
General Counsel Forum
Co-sponsored with Cleary Gottlieb
By invitation.

November 8, 2019 - New York City
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

2018

December 18, 2018 - New York City
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

June 7, 2018 - New York City
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

January 26, 2018 - New York City
The Job of the Corporate Director: Perspectives of Academics Roundtable
Co-hosted with the The Conference Board Governance Center
By invitation.

2017

December 19, 2017 - New York City
Assuring Long-Term Governance
Co-sponsored with The Conference Board Governance Center
By invitation.

November 2, 2017 - New York City
Board Leadership Forum
Co-sponsored with Deloitte
By invitation.

June 20, 2017 - Atlanta, GA
General Counsel Corporate Governance Luncheon
Co-hosted with the The Conference Board Governance Center and The Home Depot
By invitation.

June 14, 2017 - Detroit, MI
General Counsel Corporate Governance Luncheon
Co-hosted with the The Conference Board Governance Center and General Motors
By invitation.

May 30, 2017 - St. Louis, MO
General Counsel Corporate Governance Luncheon
Co-hosted with the The Conference Board Governance Center and Emerson
By invitation.

May 25, 2017 - Dallas, TX
General Counsel Corporate Governance Luncheon
Co-hosted with the The Conference Board Governance Center, AT&T Inc., and Yum! Brands, Inc.
By invitation.

April 25, 2017 - Philadelphia, PA
General Counsel Corporate Governance Dinner
Co-hosted with the The Conference Board Governance Center and TE Connectivity
By invitation.

March 7, 2017 - Houston, TX
General Counsel Corporate Governance Luncheon
Co-hosted with the The Conference Board Governance Center and ConocoPhillips Company
By invitation.

2016

December 7, 2016 - New York City
2016 Millstein Governance Forum
For additional details, please click here.

October 24, 2016 - New York City
Activist Board-GovernanceTM Roundtable
In collaboration with Deloitte's Center for Board Effectiveness
By invitation.

September 27, 2016 - New York City
General Counsel Corporate Governance Summit
Co-hosted with the The Conference Board Governance Center
By invitation.
For additional details, please click here.

May 25, 2016 - New York City
Conference of Fund Leaders Roundtable
Co-hosted with the Mutual Fund Directors Forum
By invitation.
For additional details, please click here.

May 5, 2016 - New York City
A New Model for the Public Corporation Board?
For additional details, please click here.
 

2015

December 10, 2015 - New York City
2015 Millstein Governance Forum

November 10, 2015 - New York City
Conference of Fund Leaders Roundtable
Co-hosted with the Mutual Fund Directors Forum
By invitation.
For additional details, please click here.

June 18, 2015 - New York City
Current Issues in Corporate Governance Symposium: Disclosure

June 3, 2015 - New York City
Conference of Fund Leaders Roundtable
Co-hosted with the Mutual Fund Directors Forum.  By invitation only.

April 27, 2015 - New York City
Proxy Access 2.0
Co-hosted with the CFA Institute.  For details, please click here.

February 27, 2015 - New York City
Inversions: Implications for Tax Planning, Tax Policy, and Corporate Governance Conference
Co-hosted with Davis Polk, the Richard Paul Richman Center, and the Charles Evans Gerber Transactional Studies Center.

January 22, 2015 - New York City
Discussion on Transparent and Effective Disclosure
Co-hosted with the Center for Audit Quality.  Hosted at Weil, Gotshal & Manges LLP.