CLARS Law & Business Seminar Series: Resisting the Return to Managerialism

02/2/2021 10:00 am 02/2/2021 11:15 am Australia/Melbourne CLARS Law & Business Seminar Series: Resisting the Return to Managerialism

One of the most important contemporary developments concerning ownership of public companies is the growing concentration of shareholding in the hands of various types of financial institutions.

In this seminar, Professor Thomas will focus on a key question lying behind this development: should courts and regulators have interceded to control the forces created by such concentration of ownership of public companies?

In exploring this question, the seminar will examine the historical shift from the post-WWII managerialist model of corporate governance to today’s model of the monitoring board of directors, under which outside directors are empowered to monitor management on behalf of the company’s shareholders. Yet, as the seminar will argue, this model was incomplete because it was developed in an era of dispersed, rather than concentrated ownership.

The seminar will provide recommendations to bolster the monitoring model in an era of concentrated ownership.


Speaker

Randall S. Thomas , John S. Beasley II Professor of Law and Business | Director, Law & Business Program | Professor of Management, Owen Graduate School of Management

Randall Thomas has earned a reputation of being one of the most productive and thoughtful corporate and securities law scholars in the nation. His recent work addresses issues such as hedge fund shareholder activism, executive compensation, corporate voting, corporate litigation, shareholder voting, and mergers and acquisitions. He joined the Vanderbilt law faculty in 2000 to develop and direct the Law and Business Program.

Moderator

Professor Jennifer Hill, Bob Baxt AO Chair, Monash Law & Director of CLARS

Professor Jennifer Hill is the inaugural Bob Baxt AO Professor of Corporate and Commercial Law at Monash University Faculty of Law and is the Director of the Centre for Commercial Law and Regulatory Studies (CLARS). Jennifer is an internationally recognised legal scholar in the field of comparative corporate law and governance.

Jennifer is a graduate of the University of Sydney (BA LLB (Hons) and the University of Oxford (BCL). She is a research member of the European Corporate Governance Institute (ECGI) and has held visiting teaching and research positions at leading international institutions, including the University of Cambridge; Cornell University; Duke University; NYU Law School; University of Virginia, University of Texas, and Vanderbilt University Law School.


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Event Details

Date:
2 February 2021 at 10:00 am – 11:15 am
Venue:
Online Via Zoom

Description

One of the most important contemporary developments concerning ownership of public companies is the growing concentration of shareholding in the hands of various types of financial institutions.

In this seminar, Professor Thomas will focus on a key question lying behind this development: should courts and regulators have interceded to control the forces created by such concentration of ownership of public companies?

In exploring this question, the seminar will examine the historical shift from the post-WWII managerialist model of corporate governance to today’s model of the monitoring board of directors, under which outside directors are empowered to monitor management on behalf of the company’s shareholders. Yet, as the seminar will argue, this model was incomplete because it was developed in an era of dispersed, rather than concentrated ownership.

The seminar will provide recommendations to bolster the monitoring model in an era of concentrated ownership.


Speaker

Randall S. Thomas , John S. Beasley II Professor of Law and Business | Director, Law & Business Program | Professor of Management, Owen Graduate School of Management

Randall Thomas has earned a reputation of being one of the most productive and thoughtful corporate and securities law scholars in the nation. His recent work addresses issues such as hedge fund shareholder activism, executive compensation, corporate voting, corporate litigation, shareholder voting, and mergers and acquisitions. He joined the Vanderbilt law faculty in 2000 to develop and direct the Law and Business Program.

Moderator

Professor Jennifer Hill, Bob Baxt AO Chair, Monash Law & Director of CLARS

Professor Jennifer Hill is the inaugural Bob Baxt AO Professor of Corporate and Commercial Law at Monash University Faculty of Law and is the Director of the Centre for Commercial Law and Regulatory Studies (CLARS). Jennifer is an internationally recognised legal scholar in the field of comparative corporate law and governance.

Jennifer is a graduate of the University of Sydney (BA LLB (Hons) and the University of Oxford (BCL). She is a research member of the European Corporate Governance Institute (ECGI) and has held visiting teaching and research positions at leading international institutions, including the University of Cambridge; Cornell University; Duke University; NYU Law School; University of Virginia, University of Texas, and Vanderbilt University Law School.


Register Now


Name
Janice Hugo
E-Mail
janice.hugo@monash.edu
Phone
03 9905 3327