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Conferences

ICGN Milan 2018 – speaking at the Stewardship panel

ICGN’s Annual Conference 2018 was held in Milan. It was hosted by Assogestioni in partnership with UniCredit. The four day event was a tremendous success and welcomed over 450 delegates from 38 regions. The aim of the conference was to help build a consensus around the near term priorities for ensuring successful and sustainable companies.  Among the speakers there were some of Italy’s most prominent leaders.

Cristina Ungureanu was a speaker of Panel 1, Day 1: Stewardship codes: putting principles into practice

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Conferences Publications

Executive Remuneration. A Comparative Overview

Guido Ferrarini and Maria Cristina Ungureanu, “Executive Remuneration. A Comparative Overview”, in Jeffrey Gordon and Georg Ringe (eds), Oxford Handbook of Corporate Law and Governance 2018, 334-362

This chapter, co-authored with prof. Guido Ferrarini, examines current trends in the regulation and practice of executive remuneration, particularly emphasizing incentives like stock options and long-term pay. It first outlines the main problems of executive pay from the perspective of agency costs theory, banking theory, and corporate social responsibility. It then discusses the main policy issues relating to executive pay, from design problems and remuneration governance to disclosure of pay policies and amounts, and prudential regulation of pay structure at banks. It considers the regulation of pay governance and disclosure, with special reference to EU law, comparative law, and international practice. It explores the rise of shareholder engagement in listed companies across the Atlantic and the impact of say on pay rules on shareholder activism. Finally, it analyzes the implications of international principles and standards, the Dodd-Frank Act, and CRD IV for the regulation of the pay structure at banks and other financial institutions.

Chapter:

oxfordhb-9780198743682-e-21

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Conferences

2017 Italy Corporate Governance Conference

Cristina Ungureanu – among the speakers at thee 2017 Italy Corporate Governance Conference, organized by Assogestioni and Assonime in cooperation with the OECD and with the support of the Italian Stock Exchange.

Since 2014, this annual conference represents an opportunity for an open dialogue between public institutions, issuers and investors on various corporate governance topics, with the aim to identify the best ways to support the key role of corporate governance in value creation and economic growth.
The attendance of high institutional representatives as the Minister of Economy, Pier Carlo Padoan, confirms the fundamental role of corporate governance for the financial system and the importance for the Italian institutions to be involved in such a dialogue.

Since 2014, this annual conference represents an opportunity for an open dialogue between public institutions, issuers and investors on various corporate governance topics, with the aim to identify the best ways to support the key role of corporate governance in value creation and economic growth.The attendance of high institutional representatives as the Minister of Economy, Pier Carlo Padoan (who will introduce the tomorrow morning session), confirms the fundamental role of corporate governance for the financial system and the importance for the Italian institutions to be involved in such a dialogue.

More about the ICG Conference

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Publications

A smarter way to Corporate Governance

The new reality is moving beyond regulations and towards a forward-thinking approach, heavy on ethics and culture
My article “A smarter way to Corporate Governance” published in the Ethical Boardroom – 2017 Autumn edition.

A Smarter Way to Corporate Governance

Ethical Boardroom – 2017 Autumn edition

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Conferences

The European House Ambrosetti – 2017 Corporate Governance Workshop

Cristina Ungureanu was speaker at the 2017 Corporate Governance Workshop organized by The European House Ambrosetti.

The aim of the Corporate Governance Workshop is to provide concrete information and proposals for promoting the attainment of excellence in the corporate governance of Italian companies, based on the annual activity of the Observatory on Corporate Governance Excellence in Italy, created by The European House – Ambrosetti in 2004.

More about the event and project

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Publications

Corporate Governance and Stewardship

La Presidenza NED ha chiesto a Cristina Ungureanu, responsabile della C.G. e della stewardship di Eurizon Capital SGR del Gruppo Banca Intesa Sanpaolo, di redigere un articolo su questo tema per “La Voce degli Indipendenti”.Corporate Governance and Stewardship

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Publications

The “G” in the ESG

Cristina Ungureanu, Head of Corporate Governance at Eurizon Capital SGR, recently gave us in an exclusive interview in which she shared her thoughts about the impact of 2016 and futures years in Corporate Governance, her views on companies adapting to ESG and Corporate Governance issues in order to attract more responsible investor and her participation at #ESGLDN.

The \”G\” in the ESG

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Massmedia

Eurizon Capital is a “responsible and active investor” for listed companies

Eurizon Capital was the first Asset Management Company in Italy to specifically provide for this role with the inclusion in the company of Cristina Ungureanu, a Corporate Governance expert at international level. Cristina Ungureanu is a member of the European Corporate Governance Institute and the author of several publications on these topics. She has gained extensive experience in this sector by working for companies all over the world, from Africa to the United States and Asia to Europe.

Eurizon Capital is a “responsible and active investor” for listed companies

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Conferences

Salzburg Global Seminar: Corporate Governance in the Global Economy

Cristina Ungureanu participated at the October 2015 inaugural session of the new multi-year series of the Salzburg Global Forum on Corporate Governance. The event brought together in Salzburg 50 directors, senior managers, lawyers, judges, regulators, policy-makers, and academics from 16 different countries.

At the session, entitled Corporate Governance in the Global Economy: The Changing Role of Directors, participants were able to discuss their own professional experiences under Chatham House Rules, which provided a comfortable and open setting to share diverse and diverging opinions.

The session was hosted in partnership with BNY Mellon, Goldman Sachs, and Shearman & Sterling LLP, and was sponsored by Barclays, LIXIL, Deloitte Touche Tohmatsu, Mars, Potter Anderson & Corroon LLP, the state of Delaware, and Warburg Pincus, with additional support from the University of Pennsylvania.

More information about the session on the Salzburg Global Seminar webpage:

Salzburg Global Forum on Corporate Governance

The report from the session is available online:

Corporate Governance in the Global Economy: The Changing Role of Directors

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Publications

Publications

Executive Remuneration. A Comparative Overview (with Guido Ferrarini), European Corporate Governance Institute (ECGI) – Law Working Paper No. 268/2014; draft chapter for the Oxford Handbook of Corporate Law and Governance (J. Gordon and G. Ringe eds.), Oxford University Press, Forthcoming – download

The Corporate Governance of Sovereign Wealth Funds, The Harvard Law School Forum on Corporate Governance and Financial Regulation, August 2014 – download

Board Evaluation: Notes from Europe, The Corporate Board, September/October 2013, Vol. XXXIV, 2013 – link magazine

Board Evaluation – A Window into the Boardroom, The Harvard Law School Forum on Corporate Governance and Financial Regulation – download

An Overview of the Executive Remuneration Issue Across the Crisis (with Guido Ferrarini), in “Boards of Directors in European Companies – Reshaping and Harmonising their Organisation and Duties”, Birkmose, Neville, Sørensen (eds.), 2013

Executive Remuneration Post-Crisis: The Impact of Reforms on European Large Listed Firms (with Roberto Barontini, Stefano Bozzi, Guido Ferrarini), in “Boards and shareholders in European listed companies. Facts, context and post-crisis reforms”, Belcredi and Ferrarini (eds.), Cambridge University Press, 2013 – download

Le prassi di remunerazione nelle banche dopo la crisi finanziaria. Le riforme nell’Unione Europea e negli Stati Uniti (with Guido Ferrarini), in “Annuario di Diritto Comparato e di Studi Legislativi”, 2012 – link to volume

Bankers’ Pay after the 2008 Crisis: Regulatory Reforms in the US and the EU (with Guido Ferrarini), 6 Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) /Journal of Banking Law and Banking (JBB), December 2011 – link to paper

Contrasting EU Executive Pay Rules Evoke Need for Legislation (with Guido Ferrarini), Bloomberg Brief, Financial Regulation, 01 August 2011 – download Bloomberg

Lost in Implementation: The Rise and Value of the FSB Principles for Sound Compensation Practices at Financial Institutions (with Guido Ferrarini), Revue Trimestrielle de Droit Financier, N. 1-2, May 2011, pp. 60-65 – download

Commento D.Lgs n. 259/2010. Politica di remunerazione degli amministratori delle società quotate Rivista delle Società, Giuffré editore, aprile 2011 – download

Lost in Implementation: The Rise and Value of the FSB Principles for Sound Compensation Practices at Financial Institutions (with Guido Ferrarini), ICFR-Financial Times Research Prize 2010 – download

Economics, Politics and the International Principles for Sound Compensation Practices. A View from Europe (with Guido Ferrarini), 64 Vanderbilt Law Review (US), 2011, pp. 431-502 – download

Executive Pay at Ailing Banks and Beyond: a European Perspective, (with Guido Ferrarini), Capital Markets Law Journal, vol. 5(2), 2010, pp. 197-217 – link to paper

Executive Remuneration in Crisis: A Critical Assessment of Reforms in Europe (with Guido Ferrarini and Niamh Moloney), Journal of Corporate Law Studies, Vol. 10, 2010, pp. 73-118 – link to paper

Unique Features in the Governance of Bankers’ Compensation (with Guido Ferrarini), Liber Amicorum in Honour of Theo Raaijmakers, Tilburg University, November 2009 – download

Understanding Directors’ Pay in Europe:  A Comparative and Empirical Analysis (with Guido Ferrarini and Niamh Moloney), ECGI Law Working Paper 126/2009 – download

Corporate Governance in the European Union: The Implications for Financial and Narrative Reporting (with Dragomir Voicu), Journal of International Business and Economics, Vol. 9, N. 1, 2009 – download

Fixing Bankers’ Pay in Europe: Governance, Regulation and Disclosure (with Guido Ferrarini), Proceedings of the Symposium on Building the Financial System of the 21st Century. An Agenda for Europe and the US; Unimanagement Torino, 27-28 March 2009 (Program on International Financial Systems, Harvard Law School) – download

Northern Rock: Crisis of a Mortgage Lender (with Vasile Cocris), Economic Anals, Al.Cuza University of Iasi, Vol. LV, 2008, p. 154 – download

Effective Systemic Players in the Corporate Governance of Banks. A Closer Look at Supervision – FSR Forum, 1, Financial Studies Association Rotterdam, Erasmus University Rotterdam, The Netherlands, 2008, p. 27 – download

Evolution of Accounting and Financial Sector Regulation Within the European Union Policy (with Dragomir Voicu), 12th World Congress of Accounting Historians, Istanbul, July, 2008 (Proceedings) – download

Importance of Effective Regulation and Supervision for Banks’ Corporate Governance: European Integration Context, Proceedings: A Review of Comparative Governance Systems, Conference organised by The Wharton Financial Institutions Center, Amsterdam Center for Research in International Finance (CIFRA), Erice, Sicily, 2008 – download

Why Are Banks Special? An Approach From the Corporate Governance Perspective (with Vasile Cocris), Economic Anals, Al.Cuza University of Iasi, Vol. LIV, 2007, p.55-66 – download

Banks: Regulation and Corporate Governance Framework – Journal of Corporate Ownership and Control, Vol. 5, Issue 2, VirtusInterpress, 2008, p. 449 – download

European Central Bank: Between Financial Stability and Monetary Policy [Banca Centrala Europeana: Intre Stabilitatea Financiara si Politica Monetara] (Romanian), Financial Week, Romania, September 2007 – view article

The Corporate Governance of Banks – Proceedings: Corporate Governance & Global Stock Markets Summer Conference, Eltville, Centre for Financial Studies (CFS) Frankfurt, Germany, 2007 – download

Corporate Governance – A Global Challenge – Intersections Electronic Journal, Vol.3, No.6, Ed. Matei-Teiu Botez Academic Society, Iasi, Romania, 2006 – download

The Complexity of the Global Environment – Intersections Electronic Journal, Vol.3, No.6, Ed. Matei-Teiu Botez Academic Society, Iasi, Romania, 2006 – download

AGM: Will investors be able to vote electronically? [AGA: Vor putea actionarii vota pe Internet?], (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2006 – view article

How do we communicate with investors? [Cum comunicam cu actionarii], (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2006 – view article

Communication between cultures and generations [Comunicare intre culturi si generatii], (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2003 – view article

Internal communication, a successful factor for a communication firm (not exclusively…) [Comunicarea interna, factor de succes intr-o companie de comunicare (si nu numai…)], (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2003 – view article

Social investment, and important business component [Investitia sociala, o componenta importanta a afacerii] (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2003 – view article

A unique business: investor communication [O afacere inedita: comunicarea cu actionarii] (Romanian), Markmedia, Marketing and Communication Online Magazine, Romania, 2003 – view article

Towards Defining the Homogeneity Degree using the Informational Entropy (with Nicolae Ungureanu and Marcel Traistaru), Proceedings, International Symposium: Achievements and Perspectives in Constructions in the Academic Environment, “Teiu Botez” Society Publishing House, Vol. II, 2001, Iasi, Romania

Considerations on the Quality Determined by Several Attributive Characteristics (with Nicolae Ungureanu and Marcel Traistaru), Proceedings, International Symposium: Achievements and Perspectives in Constructions in the Academic Environment, “Teiu Botez” Society Publishing House, Vol. I, 2001, Iasi, Romania