2022 ICVG Conference: Governance in its institutional context
Good governance within organisations doesn’t necessarily ensure they can effectively weather crises. Why is that and what can we do about it?
With organisations increasingly operating in ambiguous, volatile and complex environments, understanding effective governance within the institutional context – via board monitoring, managerial incentives, risk management and other systems – is crucial and challenging.
The International Consortium for Values-Based Governance (ICVG) at the Centre for Global Business (CGB) is hosting a conference examining governance in its institutional context. The conference will be held at Monash University Caulfield campus, Melbourne, Australia as well as virtually via Zoom.
Featuring leading governance experts, this conference evaluates the latest research insights to determine the mechanisms of effective governance and understand why they can fail, in order to inform future research, practice and policy.
The ICVG conference will be held in conjunction with the publication of a special issue of Management Accounting Research (MAR), with a focus on a theme related to governance and management control systems.
Keynote speaker
Professor Wim Van der Stede, London School of Economics
Prof Van der Stede is the CIMA Professor and Head of Department at the London School of Economics. Prof Van der Stede’s research interests are in performance measurement, evaluation and incentives. He has won several awards for his research and teaching, including the AAA Notable Contribution to the Management Accounting Literature and AAA Outstanding International Educator. Prof Van der Stede was President of the AAA’s Management Accounting Section, Chair of the EAA’s Publications Committee, and member of the AAA Board. He is on the editorial board of a dozen journals and editor-in-chief of Management Accounting Research.
Plenary speakers
Ms. Belinda D'Souza, Head of ESG, Australian Red Cross

Ms D'Souza is an alumna of Monash Business School. She is a Chartered Accountant with over 20 years in senior finance leadership and community development roles and has recently developed an Environment, Social and Governance Framework for the Australian Red Cross. She is also trained as an International delegate to support the broader Red Cross international movement.
Prior to joining the Australian Red Cross, Belinda was the voluntary Director of a not for profit organisation dedicated to supporting vulnerable children, whilst also working with BHP in community development, improving environmental and social wellbeing, and empowering indigenous communities, in northern Chile.
Professor Wayne Guay, University of Pennsylvania
Prof Guay is the Yageo Professor of Accounting at The Wharton School of the University of Pennsylvania. He holds a PhD in accounting from the University of Rochester, and has published extensively in leading finance and accounting journals on the design of executive compensation contracts, stock-based incentives, corporate governance, corporate disclosure, risk management, firm valuation, and earnings management. He is an editor of the Journal of Accounting & Economics and the coordinator for the Wharton Accounting Doctoral Program. Prof Guay has consulted for both public and private organisations on the design of executive compensation and corporate governance, and has provided expert testimony in a variety of high-profile litigation matters.
Professor Shivaram Rajgopal, Columbia Business School
Prof Rajgopal is the Kester and Byrnes Professor at Columbia Business School (CBS). He served as the Vice-Dean for Research at the CBS from 2017-2019. His research covers financial reporting issues, executive compensation, corporate culture, corporate governance and ESG (environmental, social and governance) issues. He is a three-time recipient of the prestigious American Accounting Association (AAA) Notable Contribution to the Literature Award. Prof Rajgopal is passionate about bridging academic theory with policy settings and corporate practice. He has advised think tanks, asset management funds, venture capital funds, hedge funds, advisory firms and professional and trade associations.
Professor Suraj Srinivasan, Harvard Business School
Prof Srinivasan is the Philip J. Stomberg Professor of Business Administration and the Department Chair for the Accounting and Management department at HBS. His research and teaching focuses on corporate governance and board effectiveness. He has published extensively in leading accounting and finance scholarly publications and serves on the editorial boards of several academic journals. Prior to HBS, Prof Srinivasan served on the faculty at the University of Chicago. He received his doctoral degree from HBS and his MBA from the Indian Institute of Calcutta in India.
Host and Organiser
Dr Christo Karuna
Dr Karuna joined the Department of Accounting at Monash University after many years as an academic in the USA, where he received his PhD from the University of Michigan. Dr Karuna has taught students across a range of MBA, Executive Education and PhD programs at leading universities such as the University of Michigan, University of California at Irvine, University of Houston, and University of Southern California.
Dr Karuna’s research interests lie broadly in organisational culture and governance. He has published in leading academic journals and has received accolades for his research, which he has presented at leading universities worldwide. Dr Karuna is an Associate Editor (Organizational Psychology section) of the Frontiers in Psychology journal and also serves on the editorial board at the Journal of International Accounting Research. He has also worked for companies such as Ferrier Hodgson & Co. Chartered Accountants, KPMG, and Telstra, in audit, corporate insolvency, and investment banking.
Program
Video
Watch the 2022 ICVG conference keynote and plenary presentations via the links below.
DAY 1 - includes opening remarks by Dr Karuna, welcome by Professor Simon Wilkie, Dean of the Faculty of Business and Economics and Head of Monash Business School, Professor Van der Stede's keynote speech and plenary speaker Professor Wayne Guay.
DAY 2 - includes plenary speakers Professor Suraj Srinivasan, Ms Belinda D'Souza, and Professor Shivaram Rajgopal and closing remarks by Dr Christo Karuna.
Organised by
International Consortium for Values-based Governance (ICVG), Centre for Global Business (CGB).
Event Details
- Date:
- 15 December 2022 at 9:00 am – 16 December 2022 at 7:30 pm
- Venue:
- The Pavilion, Level 8, Building H, Monash Business School, Caulfield campus
- Categories:
- Global Business; International Consortium for Values-based Governance
Description
Good governance within organisations doesn’t necessarily ensure they can effectively weather crises. Why is that and what can we do about it?
With organisations increasingly operating in ambiguous, volatile and complex environments, understanding effective governance within the institutional context – via board monitoring, managerial incentives, risk management and other systems – is crucial and challenging.
The International Consortium for Values-Based Governance (ICVG) at the Centre for Global Business (CGB) is hosting a conference examining governance in its institutional context. The conference will be held at Monash University Caulfield campus, Melbourne, Australia as well as virtually via Zoom.
Featuring leading governance experts, this conference evaluates the latest research insights to determine the mechanisms of effective governance and understand why they can fail, in order to inform future research, practice and policy.
The ICVG conference will be held in conjunction with the publication of a special issue of Management Accounting Research (MAR), with a focus on a theme related to governance and management control systems.
Keynote speaker
Professor Wim Van der Stede, London School of Economics
Prof Van der Stede is the CIMA Professor and Head of Department at the London School of Economics. Prof Van der Stede’s research interests are in performance measurement, evaluation and incentives. He has won several awards for his research and teaching, including the AAA Notable Contribution to the Management Accounting Literature and AAA Outstanding International Educator. Prof Van der Stede was President of the AAA’s Management Accounting Section, Chair of the EAA’s Publications Committee, and member of the AAA Board. He is on the editorial board of a dozen journals and editor-in-chief of Management Accounting Research.
Plenary speakers
Ms. Belinda D'Souza, Head of ESG, Australian Red Cross

Ms D'Souza is an alumna of Monash Business School. She is a Chartered Accountant with over 20 years in senior finance leadership and community development roles and has recently developed an Environment, Social and Governance Framework for the Australian Red Cross. She is also trained as an International delegate to support the broader Red Cross international movement.
Prior to joining the Australian Red Cross, Belinda was the voluntary Director of a not for profit organisation dedicated to supporting vulnerable children, whilst also working with BHP in community development, improving environmental and social wellbeing, and empowering indigenous communities, in northern Chile.
Professor Wayne Guay, University of Pennsylvania
Prof Guay is the Yageo Professor of Accounting at The Wharton School of the University of Pennsylvania. He holds a PhD in accounting from the University of Rochester, and has published extensively in leading finance and accounting journals on the design of executive compensation contracts, stock-based incentives, corporate governance, corporate disclosure, risk management, firm valuation, and earnings management. He is an editor of the Journal of Accounting & Economics and the coordinator for the Wharton Accounting Doctoral Program. Prof Guay has consulted for both public and private organisations on the design of executive compensation and corporate governance, and has provided expert testimony in a variety of high-profile litigation matters.
Professor Shivaram Rajgopal, Columbia Business School
Prof Rajgopal is the Kester and Byrnes Professor at Columbia Business School (CBS). He served as the Vice-Dean for Research at the CBS from 2017-2019. His research covers financial reporting issues, executive compensation, corporate culture, corporate governance and ESG (environmental, social and governance) issues. He is a three-time recipient of the prestigious American Accounting Association (AAA) Notable Contribution to the Literature Award. Prof Rajgopal is passionate about bridging academic theory with policy settings and corporate practice. He has advised think tanks, asset management funds, venture capital funds, hedge funds, advisory firms and professional and trade associations.
Professor Suraj Srinivasan, Harvard Business School
Prof Srinivasan is the Philip J. Stomberg Professor of Business Administration and the Department Chair for the Accounting and Management department at HBS. His research and teaching focuses on corporate governance and board effectiveness. He has published extensively in leading accounting and finance scholarly publications and serves on the editorial boards of several academic journals. Prior to HBS, Prof Srinivasan served on the faculty at the University of Chicago. He received his doctoral degree from HBS and his MBA from the Indian Institute of Calcutta in India.
Host and Organiser
Dr Christo Karuna
Dr Karuna joined the Department of Accounting at Monash University after many years as an academic in the USA, where he received his PhD from the University of Michigan. Dr Karuna has taught students across a range of MBA, Executive Education and PhD programs at leading universities such as the University of Michigan, University of California at Irvine, University of Houston, and University of Southern California.
Dr Karuna’s research interests lie broadly in organisational culture and governance. He has published in leading academic journals and has received accolades for his research, which he has presented at leading universities worldwide. Dr Karuna is an Associate Editor (Organizational Psychology section) of the Frontiers in Psychology journal and also serves on the editorial board at the Journal of International Accounting Research. He has also worked for companies such as Ferrier Hodgson & Co. Chartered Accountants, KPMG, and Telstra, in audit, corporate insolvency, and investment banking.
Program
Video
Watch the 2022 ICVG conference keynote and plenary presentations via the links below.
DAY 1 - includes opening remarks by Dr Karuna, welcome by Professor Simon Wilkie, Dean of the Faculty of Business and Economics and Head of Monash Business School, Professor Van der Stede's keynote speech and plenary speaker Professor Wayne Guay.
DAY 2 - includes plenary speakers Professor Suraj Srinivasan, Ms Belinda D'Souza, and Professor Shivaram Rajgopal and closing remarks by Dr Christo Karuna.
Organised by
International Consortium for Values-based Governance (ICVG), Centre for Global Business (CGB).