News

Written by Leiming Wang

On October 18, 2016, the first academic salon of law school was held as scheduled from 12.30 to 13.30 in the conference room of the school of law. The world-renowned law professor Ezra Wasserman Mitchell, full-time professor of the law school of SUFE, delivered a lecture on the topic of Corporate Governance and Income Inequality: The Role of Monitoring Board, and the salon was presided by the professor Fan Jian.

The professor started the lecture with the question”Does corporate governance play a role in income inequality?”, and then gradually unfolded the following covering the issues of the examination of the causes of significant income inequality throughout twenties and early twenty-first century American history, the parallel developments of financial practices and board structures over these periods revealing the relatively contemporaneous rises of shareholders valuism and the modern monitoring board with the latter providing institutional structure and norm propagation for the former, thus serving as a corporate governance channel through which income inequality is perpetuated. The professor pointed out that history has revealed the monitoring board to be an institutional component of financial capitalism and the so-called managerial board dominating during a period of relative income equality to be an institutional component of industrial capitalism, and put forward some diagnostic insights for the developing nations in the process of building their institutional structures.

This salon attracted some professors from law school along with the PH.D candidates of varying countries. After the lecture, some teachers and students actively posed some topic-related questions, and all of which were given satisfactory answers. This lecture has broadened the students’ thoughts and visions and shed some light on their future studies, and the lecture came to a close amidst applause for the professor’s instructive, inspiring and illuminating speech.

[Original: http://law.shufe.edu.cn/show.aspx?info_lb=12&flag=12&info_id=3041]