Mathias Siems wins prize for the best paper in ECGI Law Working Paper Series

EUI Professor of Private Law and Market Regulation, Mathias Siems has won the 2021 Cleary Gottlieb Steen & Hamilton Prize for the Best Paper in the European Corporate Governance Institute (ECGI) Law Working Paper Series for his co-authored paper The Global Diffusion of Stewardship Codes.

The prize-winning paper finds that there is both uniformity and diversity between the many stewardship codes that have been introduced globally. It notes that among the seven key stewardship principles of the UK Stewardship Code 2012, most of them have diffused widely, while the principles on escalating engagement activities and collective action are the least travelled. It concludes that while diffusion involves various actors, local contexts and complex pathways, stewardship norms and practices will continue to travel globally.

The paper will be presented online at the ECGI Annual Members’ Meeting on Thursday, 28 October.