Global Markets, Domestic Institutions:
Corporate Law and Governance in a New Era of Cross-Border Deals

A conference to explore the dynamic tension between the inherently domestic nature of corporate law and governance institutions, and the increasingly global markets for capital, assets, information, and managerial talent.  The conference program featured over 30 prominent corporate law scholars from Asia, Europe and the United States, and was attended by 120 academics, practitioners, and government officials from around the world.   This conference was sponsored by The Center for International Political Economy and Columbia Law School

April 5-6th 2002

Below are selected presentations from Columbia Law School faculty members.

Welcome and Opening Remarks
	Professor Curtis Milhaupt, Columbia Law School, Project Director for the Conference Dean David Leebron, Columbia Law School View Real Media Video (5:54)

Panel 1 - Entrepreneurial Finance, Executive Compensation
Moderator: Victor Goldberg (Columbia Law School) Panelists: - Ronald Gilson (Columbia Law School), Engineering a Venture Capital Market: Lessons from the American Experience - Edward Rock (Univiversity of Pennsylvania School of Law), Coming to America: Venture Capital, Corporate Identity and U.S. Securities Law - Commentator on Gilson and Rock:  Henry Hansmann (Yale Law School) - Brian Cheffins (University of Cambridge) & Randall Thomas (Vanderbilt Law School), The Globalization (Americanization) of Executive Pay: Yes, No or Not Yet? - Commentator:  John Core (Wharton)
	Professor Ronald Gilson, Engineering a Venture Capital Market: Lessons from the American Experience View Real Media Video (24:35)  Presentation available in: MS Powerpoint
Prof. Ronald Gilson	Question & Answer following Professor Gilson's presentation View Real Media Video (8:19)

Panel 2 - Europe
Moderator: Jonathan Macey Panelists: - Michel Goyer (MIT, Max Planck Institute), Corporate Governance and the Focus on Core Competencies in France and Germany - Jeffrey Gordon (Columbia Law School), The Evolution of Shareholder Capitalism in Germany - Commentator on Goyer and Gordon:  Peter Muelbert (Mainz) - Luca Enriques (University of Bologna), Off the Books, But on the Record: Some Evidence from Italy on the Relevance of Judges to the Quality of Corporate Law - Commentator:  Jonathan Macey (Cornell Law School)
Prof. Jeffrey Gordon	Professor Jeffrey Gordon, The Evolution of Shareholder Capitalism in Germany View Real Media Video (22:07)

Panel 3 - Fiduciary Duties
Moderator:  William Allen Panelists: - Katharina Pistor (Columbia Law School) and Chenggang Xu (London School of Economics), Fiduciary Duty in Transitional Civil Law Jurisdictions: Lessons from the Incomplete Law Theory - Lynn Stout (UCLA Law School), On the Export of U.S.-Style Corporate Fiduciary Duties to Other Cultures: Can A Transplant Take? - Commentator on Stout and Pistor:  Reinier Kraakman (Harvard Law School) - Zohar Goshen (Hebrew University), Beyond Convergence and Path-Dependency: The Efficiency of Controlling Corporate Self-Dealing - Commentator:  William Allen (NYU Law School, formerly Chancellor, Del. Court of Chancery) - Bernard Black & Michael Klausner (Stanford Law School), Rethinking the Fiduciary Duties of Outside Directors:  Duties, Remedies, Insurance, and Indemnification - Commentator: Roberta Romano (Yale Law School)
Prof. Katharina Pistor	Professor Katharina Pistor and Chenggang Xu (London School of Economics), Fiduciary Duty in Transitional Civil Law Jurisdictions: Lessons from the Incomplete Law Theory View Real Media Video (21:57)
	Commentator on Stout and Pistor: Reinier Kraakman (Harvard Law School) View Real Media Video (43:06)

Panel 4 - Asia
Moderator:  Hugh Patrick Panelists: - Curtis Milhaupt (Columbia Law School) & Mark West (University of Michigan Law School), Institutional Change and M&A in Japan: Diversity Through Deals - Commentator:  Hugh Patrick (Columbia Business School) - Mark Ramseyer (Harvard Law School) & Yoshiro Miwa (University of Tokyo, Faculty of Economics), Financial Malaise and the Myth of the Misgoverned Bank - Commentator:  David Weinstein (Columbia Economics Department) - Kon-Sik Kim (Seoul National University) & Joongi Kim (Yonsei University), Revamping Fiduciary Duties in Korea: Does Law Matter in Corporate Governance? - Lawrence Liu (Lee & Li; Soochow University School of Law), Global Markets and Parochial Institutions: The Transformation of Taiwan’s Corporate Law System - Commentator on Kim & Kim and Liu:  Tarun Khanna (Harvard Business School)
Prof. Curtis Milhaupt	Professor Curtis Milhaupt & Mark West (University of Michigan Law School), Institutional Change and M&A in Japan: Diversity Through Deals View Real Media Video (10:43)  Presentation Available in: MS Powerpoint

A volume of papers presented at the conference will be published by Columbia University Press in 2003.

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