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Our research on corporate governance theory and frameworks provided the basis for a Knowledge Transfer Partnership between Leeds Business School and the Rugby Football League (RFL) to develop a corporate governance framework for the RFL and its associated professional clubs and charitable foundations, which helped to promote more effective governance practice, leading to improvements in financial and operational sustainability. A diagnostic tool was developed on the basis of the underpinning research, reflecting a dynamic, processual view of governance with complex stakeholder interrelationships, thus helping to improve governance systems and processes and awareness of, and accountability in, the clubs' stakeholder environment.
Professor Colin Mayer's research on corporate governance has had a profound impact on regulation, practice and policy regarding the governance of corporations around the world, and the measurement of corporate and national economic performance in the UK. Through policy engagement with the OECD, research carried out by Mayer over the past two decades has had a clear impact on the formulation of governance rules and codes at the international level, including recent discussions to modify the principles since 2012. Mayer's research has had further influence, since 2012, through his membership of the UK Government's Natural Capital Committee. His research on corporate valuation, performance and the role of business in society has also, and continues to change significantly the ways in which both national and corporate accounts incorporate natural capital.
Professor Mushtaq Khan's re-examination of the orthodox approach to good governance - that sees `good governance' as a precursor for economic growth - has significantly influenced long-term international development funders, informing thinking, policy and practice through its sustained, well-evidenced case that a different set of `developmental' governance capabilities are required for economic growth in developing countries, which in turn serves as an effective catalyst for achieving good governance. The research has resulted in his appointment to a number of high-profile advisory roles for international organisations such as the UN, the World Bank and the Agence Française de Développement (AFD).
Sustained research on managerial labour markets and pay determination has informed and influenced key policy-makers in determining rewards and remuneration for senior medical professionals. As an expert `economist' member of the Doctors' and Dentists' Review Body (DDRB), Professor Steve Thompson has contributed to recommendations that have been endorsed by the UK Government and are used as an evidence base for negotiations between the British Medical Association, the Department of Health and devolved administrations within the UK.
The Spanish Cajas [savings banks] are being radically reformed with explicit reference to research that Vicente Cuñat and Luis Garicano undertook from 2009-2012. The research found that: (a) many Cajas´ managers were politically appointed and poorly qualified in terms of relatively low educational attainment and no previous banking experience; and (b) the presence of such managers substantively and negatively impacted the Cajas' performance during the financial crisis. Emergency government legislation (Royal Decrees in 2010 and 2013), and the July 2012 Memorandum of Understanding between Spain and the Troika that includes a specific requirement for Spain to reform the sector, rely explicitly on this research.