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its a huge pleasure to be here I really enjoy these interactions between academics and practitioners and their stance says before I actually go into the evidence for the link between corporate governance and shared returns I want to take a step back and ask what is corporate governance to begin with because I might actually convey a different view to what we typically see in the media so heres an example of a news event which was seen to be really bad corporate governance by many people this was the pay of a bob iger the CEO of Disney this was seem to be extortioner so he received one thousand four hundred and twenty four times the median employee yes we think CEOs add some value but over 1,000 times this is surely excessive and even Abigail Disney the heir to the Disney fortune said that this was insane calling for a crackdown on the levels of CEO pay and this is not an isolated case right if you were to stop any person in the street and ask him or her why capitalism is not working