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Prof. Jonathan R. Macey '82 to Give Inaugural Lecture, "Where's the Theory in Corporate Governance?"


Professor Jonathan R. Macey '82 will deliver his inaugural lecture as the Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law on Monday, October 9, at 4:30 p.m. in Room 127. His lecture, titled “Where’s the Theory in Corporate Governance?”, is free and open to the public. A reception will immediately follow in the Alumni Reading Room.

Prof. Macey's lecture will include a brief examination of four of the most important institutions of corporate governance: the market for corporate control, the jurisdictional competition for corporate charters, shareholder voting, and corporate boards of directors.
 
In describing his lecture, Prof. Macey said, "The spate of corporate governance scandals from Enron to Parmalat indicate clearly that our assumptions about self-interest should inform our theories of corporate governance to the same extent that they inform our theories about constitutional theory. This talk draws on my current research, which examines the extent to which our theories about corporate governance reflect the same rational actor model of human behavior that informs constitutional theory."

Prof. Macey is the author of several books, including best-selling monographs on insider trading and corporate finance, and the two-volume treatise, Macey on Corporation Laws. Prof. Macey is the co-author of two leading casebooks in the fields of corporate law and banking law: Corporations: Including Partnerships and Limited Liability Companies, which is in its ninth edition; and Banking Law and Regulation, which is in its third edition. He is also the author of over 150 scholarly articles, including articles that have recently appeared in the Banking Law Journal, University of Chicago Law Review, Stanford Law Review, Yale Law Journal, Cornell Law Review, Journal of Law and Economics, and the Brookings Wharton Papers on Financial Institutions. He also publishes regularly in such publications as the Wall Street Journal, Forbes, the Los Angeles Times and the National Law Journal.

In addition to his teaching duties, Prof. Macey is serving as Yale Law School's Deputy Dean for Curriculum during the 2006-2007 academic year. Prof. Macey has taught at major universities throughout the world, including Bocconi University (Milan), the University of Tokyo; the University of Toronto; the University of Turin; the University of Amsterdam Department of Finance, and the Stockholm School of Economics, Department of Law. He served as Professor of Law at the University of Chicago in 1990 and Visiting Professor of Law at Harvard Law School in 1999. Prof. Macey is a Senior Research Fellow at the International Centre for Economic Research (ICER) in Turin, Italy. He also serves on the Academic Advisory Board of the Associazione Disiano Preite for the study of corporate law.

The Sam Harris Law Professorship was established in 1983 in memory of a friend and alumnus of the School, Sam Harris of the Class of 1936. Mr. Harris, who died in 1980, had a distinguished legal career serving in both the public and private sectors. He had been on the staff of the U.S. prosecutor at the Nuremberg war crimes trial after World War II. In 1962 he was named by President Kennedy to be a director and acting chairman of the Communications Satellite Corporation.

Watch the video of Prof. Macey's inaugural lecture.