"The European Corporate Governance Institute (ECGI) was established to improve Corporate Governance through fostering independent scientific research and related activities". Discuss.

The European Corporate Governance Institute (ECGI) was founded in 2002. It has been established to improve corporate governance through fostering independent scientific research and related activities. The ECGI is an international scientific non-profit association. It provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practices. Its primary role is to undertake, commission and disseminate research on corporate governance. Based upon impartial and objective research and the collective knowledge and wisdom of its members, it advises on the formulation of corporate governance policy and development of best practice and undertake any other activity that will improve understanding and exercise of corporate governance. It acts as a focal point for academics working on corporate governance in Europe and elsewhere, encouraging the interaction between the different disciplines, such as economics, law, finance and management. The Institute articulates its work by expanding on the activities of the European Corporate Governance Network, disseminating research results and other relevant material. It draws on the expertise of scholars from numerous countries and brings together a critical mass of expertise and interest to bear on this important subject.