Video Friday: Jon Lukomnik on Executive Compensation and Short-termism

LukomnikTK Kerstetter, Chairman, NYSE Governance Services / Corporate Board Member interviews one of the brightest minds in corporate governance, Jon Lukomnik, who serves as the executive director of the IRRC Institute. A columnist for Compliance Week, Mr. Lukomnik previously chaired the executive committee of the Council of Institutional Investors, co-founded and served as a governor of the International Corporate Governance Network and is co-author of the award-winning The New Capitalists: How Citizen Investors Are Reshaping the Corporate Agenda (Harvard Business School Press, 2006). Download Creating Responsible Financial Markets.

The National Association of Corporate Directors has named Mr. Lukomnik one of the 100 most influential people in American corporate governance every year since 2011, until they decided to give others a chance in 2013. He was previously named one of the “100 Most Influential People in Business Ethics” by Ethisphere Magazine. Mr. Lukomnik served as the designated investment advisor for the New York City pension funds in the 1990s. In addition to his responsibilities at the Institute, Mr. Lukomnik is the managing partner of Sinclair Capital L.L.C., a strategic consultancy to the investment management industry, corporations, and institutional investors.

The Investor Responsibility Research Center Institute, in its third annual research competition, is interested in finding out how the real economy interacts with portfolio and investment theory.

Winning papers from one academic and one practitioner each will receive a $10,000 award. The deadline for submissions is March 31, 2014.

Judges for this year’s competition are Mark Anson, Acadia Investment Management chief investment officer; Collette Chilton, Williams College CIO; Erika Karp, Cornerstone Capital Inc. founder and CEO; Bill Miller, Legg Mason (LM) Capital Management chairman, CIO and porfolio manager; Nell Minow, GMI Ratings co-founder; James Hawley, director of the Elfenworks Center for the Study of Fiduciary Capitalism at Saint Mary’s College of California; and Robert J. Jackson Jr., Columbia Law School associate professor and faculty co-director of the Ira M. Millstein Center for Global Markets and Corporate Governance Ownership.

Winners will be announced at the Millstein Governance Forum June 12-13, 2014, at Columbia University in New York. The award is designed to foster innovative research. Previous winners provided “thought-provoking” ideas for investors, academics and policymakers.

More information about the award, as well as a link to submit papers is available at IRRC Institute.

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