This Fall, the Fordham Corporate Law Center hosted the first two speakers in our new Comparative Corporate Governance Distinguished Lecture Series, co-sponsored with the Fordham Law International and Non-J.D. Programs.
On October 13th, 2010, Professor Daniel Awrey gave the inaugural lecture entitled “Financial Innovation: Governance and Regulatory Challenges.” Professor Awrey, a visiting scholar at Columbia Law School, is a University Lecturer in Law & Finance and a Fellow at Linacre College, Oxford University. In his lecture, he examined the desirability of “More Principles-Based” Regulation (MPBR) as opposed to the traditional rule-based system relating to financial institutions. Professor Awrey discussed the many potential benefits of the MPBR system, including harmonization between parties and a more legitimate threat of enforcement, balanced with potential downsides, such as the possibility of instances of regulatory capture.
On November 3, 2010, Mariana Pargendler delivered a speech entitled “One Hat Too Many? State Ownership and Corporate Governance in Comparative Perspective.” Ms. Pargendler is an SJD Candidate at Yale Law School and is a Research Fellow at the Millstein Center for Corporate Governance and Performance at the Yale School of Management. She used the United States, the European Union, Brazil and China as examples to demonstrate the implications of state versus private ownership of businesses and corporations. She discussed the influence of the state as a shareholder on the functioning of corporations, as well as the differences between state-owned enterprises and those where the state functions only as a shareholder.