Law Review hosts its Spring Business Law Symposium, ‘Agency Theory: Still Viable?,’ on Friday, March 22

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The Wake Forest Law Review will host its Spring Business Law Symposium, “Agency Theory: Still Viable?,” beginning at 8:30 a.m. on Friday, March 22,  in the Worrell Professional Center. The event is free and open to the public.

Harvard Business School’s Michael Jensen, who in 1976 expounded the agency costs theory of the modern corporation, will give the keynote talk. Jensen is considered the most famous and most cited living economist.

In addition, a panel of distinguished scholars will consider whether contemporary corporate governance mechanisms – such as executive compensation, board composition, and effective oversight of management by independent directors, institutional investors, financial intermediaries, and the media – are producing the promised benefits of reducing agency costs within modern business corporations.

“‘Agency theory’ is at the heart of modern business,” says Alan Palmiter, the Wake Forest Howard L. Oleck Professor of Business Law.  “The notion that corporate executives should be seen as agents working for corporate shareholders underlies modern corporate governance.  Does it work?  Come and find out. ”

Other participants include:

  • Jayne Barnard, William and Mary Marshall-Wythe School of Law
  • Barbara Black, University of Cincinnati College of Law
  • Doug Branson, University of Pittsburgh School of Law
  • Charles M. Elson, Alfred Lerner College of Business & Economics, University of Delaware
  • Craig Ferrere, Weinberg Center for Corporate Governance, University of Delaware
  • Wulf A. Kaal, University of St. Thomas School of Law
  • Donna M. Nagy, Indiana University at Bloomington, Maurer School of Law
  • Angel Oquendo, University of Connecticut School of Law
  • Alan Palmiter, Wake Forest University School of Law
  • Ajay Patel, Wake Forest University School of Business
  • Rob Nash, Wake Forest University School of Business
  • Kenneth Rosen, The University of Alabama School of Law
  • Faith Stevelman, New York Law School
  • Andrew Verstein, Yale Law School Center for the Study of Corporate Law
  • Jaap Winter, University of Amsterdam

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