GSB Faculty Lecture, “Corporations and Society” with Professor Anat Admati

Friday, Oct 27, 2017

11:00am – 12:00pm

GSB Faculty Lecture, “Corporations and Society” with Professor Anat Admati

Knight Management Center

Price

Included in Friday's program

Registration

Required. Sign up during the reunion registration process

If corporate managers create “shareholder value” as commonly practiced, do they automatically serve the best interests of their shareholders and those of society? If not, what is the root cause of the problem and is it important? Should it affect management education? I will show how standard corporate governance practices can cause significant distortions and inefficiencies because corporations and governments often fail to create and enforce effective rules to prevent harm and to ensure proper accountability. The financial sector provides extreme illustrations of such governance failures, but the problem is broad and has significant impact on economic and political outcomes. I will argue that business schools and management education should engage with, rather than avoid, these challenging issues.

About Professor Anat Admati

Anat Admati is the George G.C. Parker Professor of Finance and Economics at the GSB, as well as a professor (by courtesy) with the schools of Engineering and Humanities and Sciences. and a senior fellow with the Stanford Institute for Economic Policy Research. She has written extensively on information dissemination in financial markets, trading mechanisms, portfolio management, financial contracting, and, most recently, on corporate governance and banking.

Professor Admati was named “one of the 100 most influential people in the world” by Time Magazine, and “one of the 100 global thinkers” in 2014 by Foreign Policy Magazine. She has been active in the policy debate on financial regulation, and coauthored the book, The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It.

Anat received her BS from the Hebrew University in Jerusalem and her MA, MPhi,l and PhD from Yale University. She is the recipient of a Sloan Research Fellowship, a Batterymarch Fellowship, and multiple research grants. She is a fellow of the Econometric Society, and has served as a board member of the American Finance Association and on multiple editorial boards. She also serves on the FDIC Systemic Resolution Advisory Committee and the CFTC Market Risk Advisory Committee.