The lecture will be held at Ravi J Matthai Auditorium, IIMA Campus, Ahmedabad.
The Indian Institute of Management, Ahmedabad and SAGE Publications have come together to institute the IIMA-SAGE ENDOWMENT LECTURES, a series of annual lectures by distinguished personalities from the world of business, economics and noteworthy individuals involved in public issues to give a talk on a topic of current interest.
IIM A says that the IIMA-SAGE Endowment Lecture Series will provide a unique opportunity to students, faculty and research scholars to interact with and get inspired by distinguished academicians and thought leaders in different fields from across the globe.
Talking about the lecture topic 'Development of Corporate Governance in Asia' IIM A says, "Both the current global financial turmoil and the Asian financial crisis in 1997 have one common cause; failure of corporate governance. In 1997 Asian crisis, much of failure was from the corporate sector while current global crisis is caused by a failure from the financial sector in developed economies. Asian economies made a significant progress in improving corporate governance."
Adds IIM A, "However, improvements are made mostly in introducing new laws and regulations. Enforcements of regulations are still poor and good corporate governance practices are still to be developed in Asia. Good corporate governance is one of key factor in securing long-term committed capital that is essential for sustainable economic growth. How much progresses the Asia made for last decade, and what more should be done? What changes are needed to stabilize global financial institutions?"
Prof. Hasung Jang, Ph.D is the Dean and Professor of Finance, Korea University Business School. He is the president of Korea Finance Association. He also serves as the executive director of the Asian Institute of Corporate Governance. He has published numerous papers in journals including Journal of Finance, Journal of Corporate Finance, Journal of Financial Markets, Journal of Law, Economics and Organization and Financial Analyst's Journal. He received the Graham & Dodd Award from the Financial Analyst Journal in 1996. Dr. Jang received Ph.D. in finance from the Wharton School of University of Pennsylvania in 1987, and had taught at the Wharton School and University of Houston before he joined Korea University in 1990.
His academic interests as well as non-academic activities are focused in corporate governance. He has been involved in various public entities as either advisor or consultant to the World Bank/IFC, OECD, China Securities Regulatory Commission, Korea Stock Exchange, World Economic Forum, FTSE-ISS Corporate Governance Index Committee, Lazard Korea Corporate Governance Fund.
He has been the leader of minority shareholder activist's group in Korea since 1996. His shareholder activism brought improvement in corporate governance in Korea by winning a number of shareholder suits against large corporations and banks in Korea.
