Earlier this year, Columbia Law School debuted The CLS Blue Sky Blog, the Law School’s online source for news, commentary, and discussions on corporations and capital markets. The blog also offers analysis of important developments in financial reform, securities regulation, and corporate governance.
Professor John C. Coffee Jr., director of the Law School’s Center on Corporate Governance, originally conceived of the idea to create this forum for corporate and financial analysis. The blog is managed and edited by corporate and securities law expert Jason W. Parsont ’07, a post-doctoral research scholar and lecturer-in-law at the Law School. The editorial board consists of many of the blog’s regular contributors, including Coffee; Lecturer-in-Law Edward F. Greene, senior counsel at Cleary Gottlieb and a former general counsel of the U.S. Securities and Exchange Commission; Professor Robert J. Jackson Jr.; and Professor Kathryn Judge, whose research examines financial institutions and markets.
The name of The CLS Blue Sky Blog is a play on the title given to state securities laws, or “blue sky laws.” In addition, the name is meant to suggest a spirit of transparency and the possibility of open discussion.
“We are hoping for interactive dialogue among the bar, academia, and regulators that can range from technical issues to broader theoretical issues that may rise into the blue sky,” said Coffee when announcing the blog’s launch in January.
Since its debut, The CLS Blue Sky Blog has become a platform for discussion on the effectiveness of SEC enforcement, and one of Coffee’s first posts, “SEC Enforcement: Rhetoric and Reality,” was chosen as a best column of the week by Compliance Week. The new website also includes a section called “The Filter,” where the blog’s editorial staff gathers links to the web’s most up-to-date and relevant news on corporations and capital markets.