The Samuel and Ronnie Heyman Center on Corporate Governance is an academic research center whose mission is to raise public and academic awareness of current corporate and securities law issues, to produce and disseminate research on a broad range of topics in these fields, and to educate and train students and professionals. [1] The Heyman Center is part of at the Benjamin N. Cardozo School of Law located at 55 Fifth Avenue in the Union Square area of New York City. [2]
The Heyman Center sponsors and organizes a variety of symposia and lectures by business and political leaders and legal scholars. The Center hosts annual programs focusing on current issues in corporate restructurings. [3] At the Third Annual Perspectives in Corporate Restructurings Conference: Corporate Restructurings in a Difficult Market on April 9, 2008, billionaire investor Wilbur L. Ross delivered a keynote address, providing his views on the current credit crisis and the outlook for investors. [4]
The Heyman Center and the Securities Industry and Financial Markets Association Compliance and Legal Division (SIFMA-CL) have a cooperative relationship to hold a series of programs each year at The Heyman Center on issues related to the securities industry. This relationship has produced the public programs such as Attorneys as Gatekeepers, Future of the Securities Markets, Fraud and Federalism, Corporate Trouble, Regulating Financial Markets by Rules or Principles, and Debating the Merits of Prudential Supervision. [3]
Other notable figures that have spoken at The Heyman Center public programs includes Mark A. Belnick, former Tyco International general counsel, Charlie Rose, Emmy award-winning journalist who interviewed hedge fund investor T. Boone Pickens on shareholder activism, and legendary investor Warren Buffett, CEO of Berkshire Hathaway. [3]
Professor Eric J. Pan is the director of The Heyman Center. He is an associate professor of law at the Benjamin N. Cardozo School of Law in New York City, where he is the director of The Samuel and Ronnie Heyman Center on Corporate Governance and an associate fellow in the international economics program of the Royal Institute of International Affairs in London. He specializes in corporate, securities and international law with a particular focus on international financial regulation and the operation of financial markets. [5]
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation.
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. The act, Pub. L.Tooltip Public Law 107–204 (text)(PDF), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" and more commonly called Sarbanes–Oxley, SOX or Sarbox, contains eleven sections that place requirements on all U.S. public company boards of directors and management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.
Corporate governance are mechanisms, processes and relations by which corporations are controlled and operated ("governed").
Charles Christopher Cox is an American attorney and politician who served as chair of the U.S. Securities and Exchange Commission, a 17-year Republican member of the United States House of Representatives, and member of the White House staff in the Reagan Administration. Prior to his Washington service he was a practicing attorney, teacher, and entrepreneur. Following his retirement from government in 2009, he returned to law practice and currently serves as a director, trustee, and advisor to several for-profit and nonprofit organizations.
Corporate law is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation. It thus encompasses the formation, funding, governance, and death of a corporation.
Randall S. Kroszner is an American economist who served as a member of the Federal Reserve Board of Governors from 2006 to 2009. Kroszner chaired Fed's board Committee on Supervision and Regulation of Banking Institutions during the global financial crisis. He has been professor of economics at the University of Chicago since the 1990s, with various leaves, and named Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business in 2009, and serves as a senior advisor for Patomak Partners.
Lawrence A. Cunningham is a corporate director and advisor, author, professor and lawyer. He is the founder and managing partner of the Quality Shareholders Group and special counsel with an international law firm. Cunningham is best known as an expert on corporate governance. He is also known for his knowledge of the history and corporate culture of Berkshire Hathaway and Warren Buffett. He has served on the board of directors of many companies, including Constellation Software, Kelly Group Partners, and Markel Group.
Samuel J. Heyman was an American businessman and hedge fund manager best known for his longtime chairmanship of the GAF Materials Corporation and International Specialty Products Inc. (ISP).
The National Association of Corporate Directors (NACD) is an independent, not-for-profit, section 501(c)(3) founded in 1977 and headquartered in Arlington, Virginia. NACD's membership includes more than 1,750 corporate boards as well as several thousand individual members, for a total of more than 24,000 members. Membership is open to individual board members and corporate boards of public, private, and nonprofit organizations from both the United States and overseas.
The Partnership for Public Service is a nonprofit, nonpartisan organization based in Washington, D.C. whose mission is to inspire a new generation of civil servants and to transform the way government works.
The Institute for Law and Finance (ILF) is a graduate school which was established as a non-profit foundation in 2002 by Goethe University Frankfurt am Main with the support of many prominent institutions. Leading commercial banks and international law firms, the Frankfurt Chamber of Commerce and Industry, the City of Frankfurt and the State of Hesse, as well as the European Central Bank and the Deutsche Bundesbank are actively involved in the ILF right from the planning stages until today. The ILF provides interdisciplinary training to lawyers, senior management and executives in Germany and worldwide and serves as a policy center in the legislative process by offering forums for discussions and exchanges between academia and practitioners.
The National Securities Market Commission (CNMV) is the Spanish government agency responsible for the financial regulation of the securities markets in Spain. It is an independent agency that falls under the Ministry of Economy.
National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator for the securities market in India. It is under the ownership of the Securities and Exchange Board of India, Ministry of Finance, Government of India.
Eddy Wymeersch is former Chair of the Committee of European Securities Regulators (CESR), former Chairman of the Supervisory Board of the Banking, Finance and Insurance Commission (Belgium), Brussels; Chairman of the European Regional Committee and Member of the Executive Committee and of the Technical Committee of the International Organization of Securities Commissions.
Joseph Aloysius McCahery is an American academic researcher, corporate lawyer and institutional adviser. McCahery is most notable for his contribution in corporate finance and law, European business law, financial markets and banking regulations, the political economy of federalism and taxation.
Luis Antonio Ubiñas is an American investor, businessman and nonprofit leader. He holds various influential roles in both the corporate and nonprofit sectors. Currently, he is the Chairman of the Statue of Liberty-Ellis Island Foundation, which is dedicated to preserving American immigration history. Ubiñas served as the president of the Ford Foundation from 2008 through 2013 and had a successful 18-year career as a senior partner at McKinsey & Company before joining the Ford Foundation. In the corporate world, he is actively involved as a board member of several public and private corporations, including Electronic Arts, where he serves as Lead Director and chairs the Nominating and Governance Committee, as well as ATT and Tanger. Additionally, he provides advice to various private companies, such as Ebsco, a digital information provider. In the nonprofit sector, he served as president of the Board of Trustees of the Pan American Development Foundation from 2015 to 2019, and serves as an Advisory Committee member for the United Nations Fund for International Partnership. His is an avid collector, donor, and board member.
Bradley J. Bondi is an American lawyer, law professor, and partner at Paul Hastings LLP, where he is the Global Co-Chair of the firm's Investigations and White Collar Defense practice. He has also served on the executive staff of the Securities and Exchange Commission (SEC) and was appointed to the Financial Crisis Inquiry Commission (FCIC) in the wake of the 2007-2008 financial crisis to investigate its causes.
Geraldine A. Downey is an Irish-American social psychologist. She is the Robert Johnston Niven Professor of Humane Letters in Psychology at Columbia University. Downey is head of The Samuel and Ronnie Heyman Center on Corporate Governance and is a member of the University of the People's arts and sciences advisory board.
Henrik Cronqvist is the Robert J. and Carolyn A. Waltos Dean and Professor of Economics of the George L. Argyros School of Business and Economics at Chapman University in Orange, California, a position he has held since August 2022. He previously served as a professor of finance, Bank of America scholar, and vice dean for faculty and research at the University of Miami School of Business, where he conducted interdisciplinary research and taught finance and management courses at both undergraduate and graduate levels.
Sanjai Bhagat is the Professor of Finance at the Leeds School of Business at the University of Colorado Boulder. He serves as an independent director on corporate boards, and advises various government agencies on corporate finance and corporate governance.