The 3rd Asia Corporate Governance Conference Program
(Preliminary as of 10 월 19 일)
May 15 - 16, 2003
Shilla Hotel, Seoul
Sponsors : Korea Stock Exchange, KUMHO, KOSDAG, POSCO, KTF

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Thursday, (May 15)

Thursday, (May 15)

Friday (May 16)

World Bank Forum (Topaz) : Invitation Only

World Bank Forum (Topaz) : Invitation Only

9:00 ~ 9:30
A review of the literature on corporate governance issues in East Asia
Presenter: Joseph Fan, Hong Kong University of Science and Technology

9:30 ~ 10:00
Review of status of forthcoming Assessment of the OECD Principles and conclusions of the Asian White Paper on corporate governance
Presenter David Robinett and Grant Kirkpatrick, OECD

10:00 ~ 10:30
Open discussion on what the most important corporate governance issues in the region for research to focus on

10:30 ~ 11:00 : Coffee Break

11:00 ~ 12:00
What are the needs in the region to further accelerate corporate governance?

Stijn Claessens, University of Amsterdam Chair

1.1 What are specific needs in the region on the research side?
1.2 What is a schedule of activities and events possible in the region?
1.3 What are possible institutional arrangements in the region?
1.4 How can the network be best structured in terms of its own governance?

The Proposal for a Global Corporate Governance Research Network
Stijn Classens, University of Amsterdam
Florencio Lopez-de-Silanes, Yale University

Paper Presentations (Topaz)

Chair: Jay Ritter, University of Florida

Outside Director Liability
Bernard Black, Stanford University
Brian Cheffins, Cambridge University
Michael Klausner, Stanford University

Corporate Stability and Economic Growth
Kathy He, University of Alberta
Randall Morck, University of Alberta
Bernard Yeung, NewYork University

What Works in Securities Laws?
Rafael La Porta, Harvard University
Florencio Lopez-de-Silanes, Yale University
Andrei Shleifer, Harvard University

Discussant

Kon Sik Kim, Seoul National University
E. Han Kim, University of Michigan
Arturo Bris, Yale University

Panel Discussion : Global Corporate Governance Convergence (Topaz)

Chair: Hasung Jang, Korea University

Panelists

Florencio Lopez-de-Silanes, Yale University
Jamie Allen, Asian Corporate Governance Association
Masahiko Aoki, Stanford University and RIETI
Stijn Claessens, University of Amsterdam
Kwang Suon Chung, Chung-Ang University and Corporate Governance Service

Session I : Governance, Cost of Capital, and Firm Value (Topaz)

Chair: Randall Morck, University of Alberta

Session II : Governance and Corporate Board (Topaz)

Chair: Florencio Lopez-de-Silanes, Yale University

Disclosure, Corporate Governance, and Costs of Capital: Evidence from Asian Emerging Markets
Kevin Chen, Hong Kong University of Science and Technology
Zhihong Chen, Hong Kong University of Science and Technology
John Wei, Hong Kong University of Science and Technology

What Determines Controlling Families’ Ownership Structure: Evidence from Korean Business Groups
Hasung Jang, Korean University
Kyung Suh Park, Korea University

Property Rights Protection and Bank Loan Contracts
Kee-Hong Bae, Korea University
Vidhan Goyal, Hong Kong University of Science and Technology

Discussant

Do Sung Choi, Seoul National University
Stijn Claessens, University of Amsterdam
Florencio Lopez-de-Silanes, Yale University

Session III : Crisis, Corporate Restructuring, and Governance (Topaz)

Chair: E. Han Kim, University of Michigan

Do Politicians Jeopardize Professionalism? Decentralization and the Structure of Chinese Corporate Boards
Dong-Hua Chen, Shanghai University of Finance and Economics
Joseph Fan, Hong Kong University of Science and Technology
TJ Wong, Hong Kong University of Science and Technology

Board Composition and Firm Value: The Canadian Evidence
John Erickson, California State University, Fullerton
Yun W. Park, California State University, Fullerton
Joe Resing, University of California, Irvine
Hyun-Han Shin, Yonsei University

Commitment or Entrenchment? Controlling Shareholders and Board Composition
Woidtke Tracie, Texas A&M University
Yin-Hua Yeh, Fu-Jen Catholic University

Discussant

Randoll Morck, University of Alberta
Arturo Bris, Yale University
Tsun-siou Lee, National Taiwan University