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London Business School Launches New Center for Corporate Governance


REDWOOD SHORES, Calif. 09-JAN-2006 London Business School and Oracle today announced a center for corporate governance to lead international thinking and serve the needs of business and policymakers. The new center is backed by Oracle, Freshfields Bruckhaus Deringer and Prudential, and aims to provide independent research and recommendations of value to policy makers, corporations, investors and other interest groups.

Combining cross-disciplinary research designed to influence the corporate governance debate and focused on the needs of practitioners, the center will be chaired by Professor Julian Franks and be based at the School. It will examine contentious issues surrounding corporate governance, including shareholder activism, measuring CEO and board effectiveness, valuing corporate social responsibility, and the new demands on boards and how these demands can be improved by information management and systems.

“The changing regulatory environment means that companies today face an expanding array of new challenges regarding corporate governance,” said Laura D. Tyson, Dean at London Business School. “We at London Business School have always been at the forefront of research in this area, and are very excited by the launch of the Centre for Corporate Governance. It will be a leading source of information and research for practitioners and policymakers alike.” “There is a real and urgent need for business to recognize that information management and systems are central to good governance,” said Dr Juan Rada, Oracle Senior Vice President. “All the recent and well-documented examples of corporate governance failure show to one extent or another that there was no single source of reliable information within those companies.”

Edward Braham, Freshfields Bruckhaus Deringer corporate partner notes the contributions that consortium members will make, pointing to the practical experience of Freshfields as a leading international law firm. “We can bring a practical and international perspective to the research, based on our experience advising clients in many markets across the world,” he said. “We are looking forward to working with the other sponsors and London Business School on this important initiative.”

“Good corporate governance is part of the life blood of all corporations,” said Peter Maynard, Group Legal Services Director and Company Secretary of Prudential Plc. “As a publicly listed organization, and a significant investor in other companies, Prudential believes it is important that the key stakeholders in companies have access to high quality independent research on the development of policy, practical implementation and the value of corporate governance. We believe that London Business School’s Centre for Corporate Governance will provide this service.”

About London Business School
London Business School’s Vision is to be the pre-eminent global business school, nurturing talent and advancing knowledge in a multi-national, multicultural environment. Founded in 1965, the School graduated over 800 MBAs, Executive MBAs, Masters in Finance, Sloan Fellows and PhDs from over 70 countries last year. The School’s executive education department serves over 6,000 executives on its programmes every year. London Business School is based in the most accessible and international city in the world and is one of only two UK business schools to have twice been awarded the highest research rating of five-star (5*), by the Higher Education Funding Council for England (HEFCE), confirming the School as a centre of world-class research in business and management.

About Oracle
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company. For more information about Oracle, please visit our Web site at

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