Lectures & Events

Corporate Governance: Directors vs. Shareholders?
George A. Leet Business Law Symposium
OCT 1, 2004
8:15 AM - 3:00 PM
Moot Courtroom (A59)
The torrent of corporate scandals (Enron, Tyco, &c.) triggered demands to reform corporate governance. Congress responded with the Sarbanes-Oxley Act ("SOX"), which is intended to improve the diligence and honesty of corporate managers and the independence of auditors and other corporate watchdogs. Armed with new powers under SOX, the Securities and Exchange Commission also responded to these demands by proposing rules to enhance the role of shareholders in electing directors. Much of corporate America objects that SOX has increased costs with little or no benefit and that the SEC's proposals would diminish the effectiveness of corporate boards by provoking friction. The 2004 Leet Symposium will discuss what are the proper goals of corporate governance; what problems, if any, there are with corporate governance; whether the reforms adopted and proposed will solve any problems or exacerbate them; and whether other measures might ameliorate conditions.
Speaker Information
Lucian Arye Bebchuk
Lucian Arye BebchukLucian Arye Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. He is also a Fellow of the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, and an Inaugural fellow of the European Corporate Governance Institute. Professor Bebchuk is also a Guggenheim Foundation Fellow (2004-2005). He has published widely in academic and professional journals, including Harvard Law Review, Corporate Governance Advisor, The Business Lawyer, Journal of Law and Economics, and the University of Pennsylvania Law Review. His forthcoming book, Pay without Performance (with Jesse Fried), will be published this year by Harvard University Press. Trained in both law and economics, Professor Bebchuk holds a B.A. in Mathematics and Economics from the University of Haifa, a LL.B. from the University of Tel-Aviv, a M.A. and Ph.D. in Economics from the Harvard Economics Department, and a LL.M. and S.J.D. from Harvard Law School. Following a three-year fellowship at the Harvard Society of Fellows, he joined the Harvard Law School faculty in 1986 as an assistant professor, becoming a full professor in 1988 and the Friedman Professor of Law, Economics and Finance in 1998.

Commissioner Roel C. Campos
Roel C. CamposRoel C. Campos was nominated to the Securities and Exchange Commission by President George W. Bush on July 16, 2002, and confirmed by the Senate on July 25, 2002. He was sworn in as a Commissioner on August 22, 2002. Prior to being nominated to the Commission, Mr. Campos was one of two principal owners of El Dorado Communications and served as an executive with the radio broadcasting company at its headquarters in Houston, Texas. Mr. Campos began his career, however, with the government, serving as an officer in the U.S. Air Force. For the next fifteen years, he worked in Los Angeles, California, for major law firms as a corporate transactions/securities lawyer and litigator. Campos served in the government for a second time beginning in 1985 as a federal prosecutor for several years in the U.S. Attorney's Office in Los Angeles. He successfully prosecuted complex and violent narcotics cartels. He also investigated and prosecuted major government contractors for fraudulent conduct. After being in private law practice for several years, he co-founded El Dorado Communications, Inc. Now, he has returned to the public sector. Commissioner Campos earned his J.D. from Harvard Law School (1979), his M.B.A. from UCLA (1972) and his B.S. from the U.S. Air Force Academy (1971).

Jonathan R. Macey
Jonathan R. MaceyJonathan R. Macey joined the faculty at Yale Law School in 2004. Prior to that, he was the J. DuPratt White Professor of Law and Business, Director of the John M. Olin Program in Law and Economics at Cornell Law School, and Professor in the Johnson Graduate School of Business at Cornell University. He received a B.A. from Harvard College (1977) and a J.D. from Yale Law School (1982). During the 1982-83 term, he clerked for Judge Henry J. Friendly of the U.S. Court of Appeals for the Second Circuit. For ten years, he was a reporter for the American Bar Association's Committee on Corporate Laws' Model Business Corporation Act Revision Project. He has also served as the president of the Association of American Law Schools' Section on Financial Institutions and Consumer Financial Services, a member of the Board of Arbitrators of the National Association of Securities Dealers, a member of the executive committee of the Association of American Law Schools' Section on Corporate Law, and a member of the American Law Institute. Professor Macey is a member of the Legal Advisory Committee to the Board of Directors of the New York Stock Exchange and is a member of the Economic Advisory Board of the National Association of Securities Dealers. In 1995, Professor Macey was awarded the Paul M. Bator Award for Excellence in Teaching, Scholarship, and Public Service by the Federalist Society for Law and Public Policy Studies at the University of Chicago Law School, and in 1996, he was awarded a Ph.D. in law honoris causa from the Stockholm School of Economics.
Additional Information
There is a fee for CLE credit for this event and registration is required.

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