Institute for Excellence in Corporate Governance
Vision and Mission
The Institute for Excellence in Corporate Governance is the information source of choice for corporate directors, senior management and institutional investors seeking guidance as they embrace their roles. IECG provides corporate directors, senior management and institutional investors practical, timely, in-depth understanding and guidance regarding the opportunities, responsibilities and risks associated with their fiduciary responsibilities. IECG directors focus on:- Extensive and significant partnering of academics and practitioners
- An interdisciplinary approach to corporate governance
- The unique needs of corporate directors, senior management and institutional investors
- Thoughtful research capability
- Programs that assist corporate directors and senior management in improving their performance
- Programs built on a blend of conference and workshop formats emphasizing hands-on learning experiences
- Partnerships with other UT Dallas schools and centers
- Involvement of top students from the UT Dallas Naveen Jindal School of Management
Value Creation Process
Institute for Excellence in Corporate Governance unites UT Dallas faculty, service provider organizations (designated as strategic partners), corporations (corporate sponsors) and institutional advisers.The process is in three steps:
- UT Dallas faculty and strategic partners gather comment from IECG corporate sponsors and institutional advisers regarding current and emerging issues in corporate governance.
- Based on that input and their own knowledge, faculty and strategic partners design programs that respond to the needs of directors, senior management and institutional investors.
- Corporate sponsors and institutional advisers review these programs and recommend modifications.
Research Mission
Research at the Institute for Excellence in Corporate Governance identifies significant issues and solutions relating to corporate governance, misconceptions, problems in implementation of remedies and a review of liabilities. Articles and papers from Jindal School of Management faculty and faculty from other leading schools are accessible on this website.
Two principal events of IECG are the Spring Research Colloquium and the annual Survey of Corporate Directors and Senior Executives. At the Colloquium, academics and practitioners exchange information on corporate governance issues. Online surveys of directors, senior management and institutional investors are conducted to contribute to the advancement of knowledge in corporate governance. Examples include recent surveys on the role of outside directors in an organization’s management and the effects of the Sarbanes-Oxley Act.
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High profile corporate failures such as Enron and WorldCom led to Sarbanes-Oxley in 2002. The law requires directors do a better job in fulfilling their fiduciary duties especially in the area of financial reporting. Wall Street and mortgage banking failures and poorly designed incentives for credit rating agencies, among other reasons, led to the credit crisis of 2008. Congress responded with the Dodd-Frank Act of 2010. Dodd-Frank encouraged shareholders to be more active and hold directors more accountable. Poor governance practices on many levels and in many institutions include:
Trust in basic institutions both public and private has eroded. IECG strives to help corporate board members and directors as well as industry leaders understand their fiduciary duties and the methods to most effectively execute them. At the same time, IECG works to uncover weaknesses in current regulations and explore ways for implementing improvements. |
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Dennis McCuistion
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