BERLE IV

The Future of Financial/Securities Markets

14 & 15 June, 2012 | Faculty of Laws |University College London | Bentham House, Moot Court Room | Endsleigh Gardens | London WC1H 0EG

Thursday 14 June

9:00am

Welcome

Charles R. T. O'Kelley 

Professor and Director | Adolf A. Berle, Jr. Center on Corporations | Law and Society Seattle University School of Law
 

Marc Moore

Senior Lecturer and Deputy Director | Centre for Commercial Law|  Faculty of Laws | University College London.

Setting the Scene

9:15am

Framing Address: A Framework for Analyzing Financial Market Transformation 

Steven Schwarcz

Stanley A. Star Professor of Law & Business | Duke University          

9:45am

Why Global Finance Needs an Institutional Bing Bang? How it can be achieved?

Emilios Avgouleas

Professor of International Banking Law and Finance | School of Law | University of Edinburgh

10:15am

Break

10:30am

What are the Purposes of Financial Markets, and how do the Current Arrangements Fare when Judged Pragmatically against Achievement of those Purposes?

Cynthia A. Williams

Professor | University of Illinois College of Law

The Parameters of Financial/Securities Regulation

11:00am

Securities Regulation vs. Financial Regulation 

Steven M. Davidoff

Associate Professor of Law and Finance |  Mortiz College of Law | Ohio State University

Claire A. Hill

Professor and James L. Krusemark Chair in Law | University of  Minnesota Law

11:30am 

Law, Systemic Risk and Resilience - are we asking the Right Questions?

Joanna Gray

Professor of Financial Regulation |  Newcastle Law School | Newcastle University

David Bholat
Newcastle Law School | Newcastle University

12:00pm

Revisiting "Truth in Securities' Revisited": Drawing the Line between Private and Public Markets

Adam Pritchard

Frances and George Skestos Professor of Law | University of Michigan Law School

12:30-1:30pm

Lunch (Keeton Room, Bentham House )

Regulating Risk in Financial/Securities Markets

1:30pm

Due Diligence with Residential Mortgage-Backed Securities 

Merritt Fox 

Michael E. Patterson Professor of Law | Columbia Law School

2:00pm

Members Undercover - Hedge Funds, Risk-Decoupling, and the Empty Voting Problem 

Wolf-Georg Ringe 

DAAD Lecturer in Law and Director | Institute of European and Comparative Law | University of Oxford Faculty of Law

2:30pm

Making Money:  Leverage and Private Sector Money Creation

Margaret Blair

Milton R. Underwood Chair in Free Enterprise | Vanderbilt University Law School

3:00pm

Break 

Managing Financial/Securities Market Failure

3:15pm

Deep Stall: The Problem of Unmanageable Technical Failures in Finance 

Karel Williams (with Julie Froud & John Law)

Professor of Accounting and Political Economy | Director, Centre for the Study of Socio-Cultural Change |  Manchester Business School |  The University of Manchester

3:45pm

Rethinking Private Placement Liability

William K. Sjostrom

Professor of Law | James E. Rogers College of Law | The University of Arizona

4:15pm

Shareholder Democracy in the Shadow of the Financial Crisis 

Alan Dignam

Professor of Corporate Law | School of Law |  Queen Mary University of London 

The Regulatory Architecture of Finance

4:45pm

Can't see the Wood from the Trees? Measuring and Evaluating Regulatory Performance in the Aftermath of the Global Financial Crisis through a CEDAR Prism

Justin O'Brien

Professor of Law |  Faculty of Law | University of New South Wales

5:15pm

The Long Road Back: Business Roundtable and the Implications for Future SEC Rule-Making

Jill  E. Fisch 

Perry Golkin Professor of Law | Co-Director, Institute for Law and Economics | University of Pennsylvania Law School

5:45pm

Who Wants to Watch? The emergence of financial consumers as regulatory actors in post-crisis international financial regulation 

Toni Williams

Professor | Kent Law School | University of Kent

6:15pm

Conclusion

7:00pm

Symposium Dinner (UCL Terrace Restaurant)


Friday, 15 June 2012

8:45am

Institutional Shareholder Engagement: Prospects and Limitations

Who Beneficially Owns the Shares Whose Value We are Maximizing?

William Wilson Bratton

Nicholas F. Gallicchio Professor of Law | Co-Director, Institute for Law and Economics | University of Pennsylvania Law School

9:15am

The Potential of Stewardship 

Sally Wheeler

Professor | Queen's University Belfast

9:45am

International Institutions in U.S. Shareholder Litigation 

David H. Webber

Associate Professor of Law | Boston University School of Law

10:15am

Break

Financialization and the Corporate Objective

10:30am

The Financialization of the US Corporation 

William Lazonick

Professor and Director | Center for Industrial Competitiveness | University of Massachusetts Lowell

11:00am

Berle and Means, Veblen and the Critique of the Rentier 

Paddy Ireland

Professor | Kent Law School | University of Kent

11:30am

What Do Shareholders Really Value? 

Lynn Stout

Goldberg Visiting Professor (Spring 2012) | Cornell University Law School

12:00 - 1:00pm

Lunch (Keeton Room | Bentham House)

Rethinking Corporate Governance after the Financial Crisis

1:00pm

Conceptions of Corporate Purpose in Post-Crisis Financial Firms

Christopher Bruner

Associate Professor of Law | Washington and Lee University School of Law

1:30pm

The Market for Corporate Control-New Insights from the Financial Crisis 

Blanaid Clarke

Associate Professor | School of Law | University College Dublin

2:00pm

Social Capitalism and Custodial Regulation 

David Westbrook

Professor | State University of New York at Buffalo Law School

 Corporate Responsibility and Social Justice

2:30pm

CSR and CSR Reports 

Ciarán O'Kelly 

Lecturer | Queen's University Belfast

3:00pm

Shareholder Social Responsibility

David Millon

J. B. Stombock Professor of Law | Washington and Lee University School of Law

3:30pm

Executive pay: could distributive justice theory get us out of this mess?

Charlotte Villiers

Professor | University of Bristol Law School

 Evolutions in (and Challenges to) Financial Capitalism

4:00pm

Central bank-led capitalism? Undisclosed, unchallenged and unsustainable

Ismail Erturk (with Sukhdev Johal, Adam Leaver & Mick Moran)

Senior Lecturer in Banking | Manchester Business School |The University of Manchester

4:30pm

The Modern Corporation Magnified: Managerial Accountability in Financial Services Holding Companies

Anita Krug

Assistant Professor |University of Washington School of Law

5:00pm

The Governance and Disclosure of the Firm as an Enterprise Entity

Yuri Biondi

Tenured Research Fellow | National Center for Scientific Research, France

5:30pm

Banking and Competition in Exceptional Times

Brett Christophers

Assistant Professor, Department of Social and Economic Geography | Uppsala University

6:00pm

Conclusion

 

School of Law Annex