New York, Feb. 15, 2012—Two Columbia Law School professors gave expert testimony today at two separate hearings in Washington, D.C., one focused on Chinese state-owned corporations and the other on executive compensation for financial services executives.
“Congress and the Administration provided federal regulators with the sweeping authority they need to ensure that bankers do not have incentives to pursue short-term gains that could compromise systemic stability,” Jackson told the legislators. “The new rules on banker incentives are, however, inadequate to the regulators’ critical task. More diligence from Congress, from the Administration, and from the regulators themselves is needed.”
Professor Robert Jackson, Jr. (Photo by Jay Mallin.)
Jackson’s testimony is available here
and video of the hearing is available here
Milhaupt, the Parker Professor of Comparative Corporate Law, Fuyo Professor of Japanese Law, and director of the Center for Japanese Legal Studies, recently co-authored a paper on the mechanisms of state capitalism in China
. He is a leading expert on Asian legal systems and comparative corporate governance.
Professor Curtis Milhaupt. (Photo by Jay Mallin.)
Milhaupt's testimony is available here
and a transcript of the full proceedings will be available here
after several weeks. Video of the U.S.-China Economic and Security Review Commission's entire hearing is available here