The Project on Investment, Ownership and Control in the Modern Firm | Columbia Law School
The Project on Investment,
Ownership and Control in the Modern Firm
This new project will provide the first comprehensive analysis of the identity, incentives, and influence of the institutions emerging as owners of large public companies in the fragmented world of equity finance. The project is being led by Co-directors Professors Jeffrey Gordon and Robert Jackson and by Ira Millstein, who will serve as the Chair of the Advisory Board. The project will be launched on May 11, 2012, at a Conference on Markets and Owners: Rethinking the SEC’s Beneficial Ownership Rules, to be hosted at the offices of Weil, Gotshal & Manges, 767 Fifth Avenue, at 59th Street, New York.
Conference on Markets and Owners: Rethinking the SEC's Beneficial Ownership Rules
9 a.m. to 9:30 a.m. Continental Breakfast
9:30 a.m. to 11:30 a.m. Framing the Inquiry: the Pending Petition, Disclosure, and Governance
Moderator: Professor John C. Coffee, Columbia Law School
Speakers:
- Martin Lipton, Wachtell Lipton Rosen & Katz (based on Wachtell Lipton’s Petition for Rulemaking)
- Lona Nallengara, Deputy Director, Division of Corporation Finance, Securities Exchange Commission
- Professors Ronald Gilson, Columbia and Stanford Law Schools, & Jeffrey Gordon, Columbia Law School (based on their paper, Capital Markets, Efficient Risk Bearing, and Corporate Governance: The Agency Costs of Agency Capitalism)
11:30 a.m. to 11:45 a.m. Coffee
11:45 a.m. to 12:45 p.m. Framing the Inquiry - Session Two
Moderator: Professor Harvey Goldschmid, Columbia Law School
Speakers:
- Professors Lucian Bebchuk, Harvard Law School & Robert Jackson, Columbia Law School (based on their paper, The Law and Economics of Blockholder Disclosure)
12:45 p.m. to 1:30 p.m. Lunch
- Ira Millstein, Chair of the Advisory Board, the Columbia Project on Investment, Ownership, and Control in the Modern Firm: Introducing the Project
1:30 p.m. to 3:15 p.m. Framing the Inquiry: What Empirical Evidence is Needed?
Moderator: Professor Merritt Fox, Columbia Law School
Speakers:
- Professor Alon Brav, Fuqua School of Business, Duke
- Professor Bernie Black, Northwestern Law School and Kellogg School of Management
- Professor April Klein, Stern School of Business, NYU
Respondents:
- Adam Emmerich, Wachtell Lipton Rosen & Katz
- Scott Bauguess, Assistant Director, Division of Risk, Strategy, and Innovation, Securities Exchange Commission
3:15 p.m. to 3:30 p.m. Coffee
3:30 p.m. to 5 p.m. Framing the Inquiry: the Perspective of Stakeholders and the Problems of Implementation
Moderator: Ira Millstein, Columbia Project
Panelists:
- Don Kittell, Broadridge
- Roy Katzovicz, Pershing Square
- Margaret Foran, Prudential Financial
- Jonathan Feigelson, TIAA-CREF
5 p.m. Cocktails