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University of Maryland’s Robert
H. Smith School of Business Launches Center for Financial Policy with Roundtable
on Executive Compensation
Pay Czar Kenneth Feinberg to Keynote Nov. 2 Event in Washington, D.C.
College Park, Md. – October 12, 2009 — The University of
Maryland’s Robert H. Smith School of Business will launch a new Center for
Financial Policy on Nov. 2 with a Roundtable on Executive Compensation event in
Washington, D.C. Kenneth Feinberg, Special Master for Compensation of the U.S.
Department of the Treasury, will keynote the event, which will explore executive
compensation practices and policy reforms. The Center for Financial Policy
promotes research and education in financial policy that impacts corporate
governance, capital allocation and risk management, emerging markets, and the
stability of the global financial system.
“It is crucial to tackle financial policy issues with input from deep
thinkers who have been looking at the workings of financial institutions,
capital markets and the corporate sector from an unbiased policy perspective.
The goal of the Center for Financial Policy is to bring together the thought
leadership of Smith School faculty, the vast experience and viewpoints of
policy-makers, and experience and on-the ground capabilities of industry leaders
to inform future regulation and help financial institutions operate more
effectively,” said G. “Anand” Anandalingam, dean of the Robert H. Smith School
of Business. “With the Roundtable on Executive Compensation, the center is
engaging all parties on a topic of direct relevance and facilitating an open
discussion that could have real impact on pay practices.”
The roundtable event, “Executive Compensation: Practices and Reforms,” will
be held at the Ronald Reagan Building and International Trade Center in
Washington, D.C. on Nov. 2 from 9:30 a.m. to 3:30 p.m. It will explore the
rationale and practices for existing executive compensation structures as well
as various alternatives for reform in view of policy and legislative proposals.
The global financial crisis has generated extensive debate on the role of
executive pay and the possibility that flawed compensation practices have
contributed to financial excesses that brought down the entire financial system.
In addition to Feinberg, other speakers include: Daniel Tarullo, Federal
Reserve Board governor; Steve Bartlett, president and CEO of the Financial
Services Roundtable; Patrick McGurn, senior vice president, U.S. Corporate
Governance Trends, RiskMetrics; Nell Minow, editor and co-founder of the
Corporate Library; Franklin Allen, finance and economics professor at the
Wharton School at the University of Pennsylvania; Tony Santomero, former
president of the Federal Reserve Bank of Philadelphia and senior advisor at
McKinsey; Chester Spatt, finance professor at Carnegie Mellon University and
former chief economist with the Securities and Exchange Commission; and Gene
Ludwig, founder and CEO, and Michael Dawson, managing director, both of
Promontory Financial Group.
Located in Washington, D.C., at the Smith’s School’s campus in the Ronald
Reagan Building and International Trade Center, the Center for Financial Policy
is well-situated to take a leadership role with its globally recognized faculty
and its extensive relationships with key policy-makers, practitioners and
academics.
Lemma Senbet, the William E. Mayer Chair Professor of Finance and a
world-leading expert on corporate finance and financial sector reforms, heads
the center as director. Senbet is joined by Managing Director Clifford Rossi, an
industry leader with nearly 25 years experience in banking and government, most
recently as Chief Risk Officer for Consumer Lending at Citigroup where he was
intimately involved in TARP funding and stress tests performed on Citi. The
center’s leadership is rounded out by finance industry veteran William Longbrake,
the executive-in-residence and senior policy advisor who joined to work on a
variety of business, policy, and governance issues with faculty, students,
business leaders, government policy-makers, and executives of not-for-profit
organizations.
The Center for Financial Policy will host a regular speaker series to explore
financial policy and corporate governance issues, the first of which was held
Oct. 5 with leading economist Henry Kaufman. The center will also host the
yearly Directors’ Institute, an intensive two-day program for board chairs,
corporate directors and senior executives of publicly traded companies to
address critical issues facing corporate boards. The inaugural program will be
held April 7-9, 2010 in Washington, D.C., run by Director Stephen Wallenstein, a
senior fellow of finance and recognized expert in corporate governance and best
practices for publicly traded companies in the U.S. and abroad.
More information about the Smith School’s Center for Financial
Policy is available online.
Information an online registration for the
Roundtable on Executive Compensation is available online.
About the University of Maryland’s Robert H.
Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader
in management education and research. One of 13 colleges and schools at the
University of Maryland, College Park, the Smith School offers undergraduate,
full-time and part-time MBA, executive MBA, executive MS, PhD and executive
education programs, as well as outreach services to the corporate community. The
school offers its degree, custom and certification programs in learning
locations in North America and Asia.
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