Considering the developments in global equity markets over the last two decades and the dramatic loss of confidence in public equity markets, it is vitally important today to remember once again the very basic functions of equity markets and convince both policy makers and also market players of the critical role of capital markets in economic growth and efficient allocation of resources globally. In this regard, Center for Research in Corporate Governance and Financial Regulation (CCG) has been established by Boğaziçi University in order to contribute to the research that augments the legal / regulatory content of corporate governance models with more economic / financial content. During the next couple of years, while positioning itself as a bridge between research in developed markets and in emerging markets, the Center will mainly emphasize designing "economic models" of corporate governance, that go beyond mere fiduciary rules and that try to link "rational" applications of good governance leading to increased economic value for corporations in the long-run.