Yale School of Management - Faculty

Lecturer; Executive Director of the Millstein Center for Corporate Governance

Stephen Davis, PhD is executive director of Yale University School of Management’s Millstein Center for Corporate Governance and Performance and lecturer on the Yale SOM faculty.

Davis served on the U.S. SEC’s investor advisory committee, where chair Mary Schapiro appointed him chair of the investor as owner subcommittee. He is a board member and former chair of Hermes EOS, the shareowner engagement arm of Hermes Pensions Management, the UK’s largest retirement fund; co-chair of the board of shareowners.org; member of the international advisory board of NYSE Euronext; member of the World Economic Forum global agenda council on the future of long term investing; member of the contributing committee of Development Partners International; member of the advisory board of Cartica Capital; member of the private sector advisory group of the Global Corporate Governance Forum; co-organizer of the World Forum on Governance in Prague; and member of the advisory panel of the Centre for Corporate Governance in Africa at Stellenbosch University. Davis is president of consultant Davis Global Advisors and founder-editor of the Global Proxy Watch newsletter.

Dr. Davis co-authored (with Jon Lukomnik and David Pitt-Watson) The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda (Harvard Business School Press, 2006), which was named by the Wall Street Journal, Financial Times and Australian Financial Review as one of the best business books of 2006. The book has been translated into Japanese, Portuguese, Complex Chinese and Korean. He is also a contributor to Corporate Governance in the Wake of the Financial Crisis (UNCTAD, 2011) and The Origins of Shareholder Advocacy (Palgrave Macmillan, 2011).

Davis co-chaired The Conference Board’s working group on hedge funds and served on the U.S. National Association of Corporate Directors’ blue ribbon commission on board-shareholder communications. He has testified at U.S. congressional hearings, been a columnist for the Financial Times and Compliance Week, and is a frequent media commentator on corporate governance. Named by Directorship as among the 100 most influential figures in corporate governance, and by Competia as among ‘the most influential corporate governance tweeters,’ Davis is a fellow of the Royal Society for the Arts.

Davis pioneered the field of international corporate governance when he founded the global unit at the IRRC, in Washington, D.C. His Shareholder Rights Abroad: A Handbook for the Global Investor (1989) was the first study comparing corporate governance practices in top markets. Dr. Davis is a co-founder of the International Corporate Governance Network, and was its representative to the OECD. Dr. Davis was a member of the UNEP steering group which produced global Principles for Responsible Investment and Policy Network’s working group on economic reform. He co-founded GovernanceMetrics International.

Dr. Davis earned his doctorate in international business and security studies at the Fletcher School of Law and Diplomacy, Tufts University, and completed undergraduate studies at Tufts and the London School of Economics. Other books include Apartheid’s Rebels: Inside South Africa’s Hidden War (Yale University Press, 1987), which was nominated for a Pulitzer Prize.