Nierenberg Gift Launches a New Center for Corporate Governance
“How do we get businesses to do the right thing, and investors to act like owners?” Jonathan G.S. Koppell, Director of the Millstein Center for Corporate Governance and Performance, believes a gift from investor David Nierenberg ’75, ’78 J.D. and his wife Patricia may help answer that question. The contribution supports the new interdisciplinary Millstein Center at the Yale School of Management, as well as an endowed professorship.
“The generosity of David and Patricia Nierenberg will allow SOM’s newest Center to take a leadership role in the study and promotion of good corporate governance models worldwide,” said SOM Dean Joel M. Podolny. “We are deeply grateful for the Nierenbergs’ vision and commitment.”
The Millstein Center was launched in 2006 with the belief that corporations should improve the welfare of their constituents—shareholders, as well as employees, suppliers, and customers—and thereby contribute to the good of the community. The idea may sound unconventional, but it is fundamental to the mission of SOM, where the School’s central objective is to develop tomorrow’s effective, ethical managers—managers who demonstrate a strong and inspiring sense of purpose consistent with their personal values.
The Nierenberg gift was the largest of the contributions founding the Center in honor of faculty member Ira M. Millstein. Said David Nierenberg, “We’re firm believers in the capitalist system; we’re just trying to make it better and more responsive, to better serve society. And we believe, in doing so, we will make American enterprises more competitive around the world.”
The Nierenberg Professorship at SOM is named in honor of the Yale alumnus’ father, Theodore Nierenberg, an independent insurance agent, financial planner, and civic leader in Teaneck, New Jersey.
(June 1, 2007)