Stavros Thomadakis is a Greek economist who served as chairman of the

Hellenic Capital Market Commission The Hellenic Capital Market Commission (HCMC; el, Επιτροπή Κεφαλαιαγοράς), established as a legal entity by Greek Law in 1991 and organized by the Greek Law 2324 of 1995, aims to "ensure the protection and the orderly and ef ...

, Professor of Finance at the

University of Athens The National and Kapodistrian University of Athens (NKUA; el, Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών, ''Ethnikó ke Kapodistriakó Panepistímio Athinón''), usually referred to simply as the Univers ...

and chairman of the

Public Interest Oversight Board The Public Interest Oversight Board (PIOB) is an international body that oversees the International Federation of Accountants (IFAC) and seeks to improve the quality and public interest focus of the IFAC standards in the areas of audit, education, ...

Academic career

Thomadakis was born in

Athens Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates ...

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with ...

. He was educated at

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

, obtaining a B.A. in Economics, and at the

MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, ...

, where he obtained a master's degree and Ph.D in Financial Economics. For many years he held professorships at

Baruch College Baruch College (officially the Bernard M. Baruch College) is a public college in New York City. It is a constituent college of the City University of New York system. Named for financier and statesman Bernard M. Baruch, the college operates und ...

City University of New York The City University of New York ( CUNY; , ) is the Public university, public university system of Education in New York City, New York City. It is the largest urban university system in the United States, comprising 25 campuses: eleven Upper divis ...

and the

. He became professor of financial economics at the University of Athens. He was married to Dr.

Angeliki Laiou Angeliki E. Laiou ( el, Αγγελική Λαΐου; Athens, 6 April 1941 – Boston, 11 December 2008) was a Greek-American Byzantinist and politician. She taught at the University of Louisiana, Harvard University, Brandeis University, and Rutgers ...

, a Harvard professor who was a scholar of the

Byzantine empire The Byzantine Empire, also referred to as the Eastern Roman Empire or Byzantium, was the continuation of the Roman Empire primarily in its eastern provinces during Late Antiquity and the Middle Ages, when its capital city was Constantinopl ...

, and the second woman to be named a permanent member of the Academy of Athens since the organization was founded in 1926. They were later divorced.

Public positions

Stavros Thomadakis served as a member of the Monetary Committee of the

European Community The European Economic Community (EEC) was a regional organization created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbo ...

and a Director of the

European Investment Bank The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions ...

and of the

Commercial Bank of Greece Commercial Bank of Greece ( el, Εμπορική Τράπεζα της Ελλάδας) was a Greece, Greek bank. Its headquarters was in Athens. On 1 February 2013, Alpha Bank bought Commercial Bank. History The Commercial Bank of Greece ...

. He served as a member of the Greek

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the President of the United States on economic policy. The CEA provides much of the empirical resea ...

, Economic Counselor of the Hellenic Banks Association and Chairman of the Greek Center of Planning and Economic Research. He was chairman of the Capital Market Commission of Greece from 1996 to 2004. He was chairman of the Expert Group on Market Abuse of the

Committee of European Securities Regulators The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators in the Lamfalussy process established by the European Commission on June 6, 2001. The role of this committee was to * Improve th ...

(CESR), and was also chairman of the European Regional Committee of

IOSCO The International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate the world's securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdic ...

for four years. The Public Interest Oversight Board (PIOB) was established after a series of corporate scandals, including the collapse of

Enron Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. ...

and

WorldCom MCI, Inc. (subsequently Worldcom and MCI WorldCom) was a telecommunications company. For a time, it was the second largest long-distance telephone company in the United States, after AT&T. Worldcom grew largely by acquiring other telecommunic ...

in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and of

Parmalat Parmalat S.p.A. is a dairy and food corporation which is a subsidiary of French multinational company Lactalis. It was founded by Calisto Tanzi in 1961. Having become the leading global company in the production of long-life milk using ultra-h ...

in Europe, led to demand for an independent body to oversee auditors and to ensure that audit standards are in the public interest. The board was formally established on 28 February 2005, and Thomadakis was appointed its first chairman. Speaking at the launch of the PIOB, Thomadakis said: "The creation of the PIOB is a landmark in the cooperation of world regulatory organizations for the oversight of international standard-setting for auditors. The project of the PIOB is ambitious and represents a novelty for world-level public oversight. Success for the PIOB will mean quality, stability, and integrity in companies and world markets".

Bibliography

Some selected publications: * * * *

References

{{DEFAULTSORT:Thomadakis, Stavros MIT Sloan School of Management faculty MIT Sloan School of Management alumni Living people Year of birth missing (living people)