Institute for Excellence in Corporate Governance
Vision
Position the Institute for Excellence in Corporate Governance (“IECG”) as a leading global resource in developing and communicating thought leadership on governance issues for boards and C-level executives of public, private, governmental and nonprofit organizations, and positively impact how governance is carried out.
Mission
Identify and research important current and emerging governance challenges and develop and communicate effective solutions that enhance the abilities of board members and C-level executives to protect and promote the interests of their stakeholders. We pursue this mission by:
- Attracting thought leaders and governance professionals who educate our audiences through conferences, seminars, in-house programs and meetings
- Sponsoring or collaborating with Think Tanks comprised of governance thought leaders, board members and C-level executives who focus on important current and emerging governance issues
- Seeking input from, sponsoring and/or collaborating with alliance partners, which include thought leaders from a variety of disciplines, as well as organizations focused on governance
- Identifying how qualitative issues such as communications, behavioral styles and organizational structure may impact execution of “good governance” and strategy in the boardroom
- Conducting research based on issues raised and communicating the results of research through books, white papers, articles in relevant publications, radio, television and internet, and specific feedback to board members, C-level executives and others who will benefit from this knowledge and research
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.
IECG presents these programs to meet the needs of corporate directors and senior management.
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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