Panel II: Corporate Finance

Although proposed reforms in governance and oversight have tended to dominate the news, there has been significant action in the area of finance. The SEC and the accounting profession have adopted new rules relating to executive compensation, and the Supreme Court has rendered a series of important decisions relating to securities fraud class actions. While these developments may have the effect of limiting the applicability and evolution of state law in this area, they also reveal fundamental weaknesses in the federal approach. Moderator: John Olson Panelists: Richard Booth – Securities Fraud, Insider Trading, and Derivative Actions Faith Kahn – Federalism, Fraud, and Freeze Out Transactions Jerry Markham – Executive Compensation Mark Lowenstein – The Supreme Court and the Federalization of Corporate Law Comment: Charles Elson Julian Velasc