The Davies Fund for Business Law at the Jay and Barbara Hennick Centre for Business and Law supports innovative programs and projects related to the practice of business law. Created in 2006 by the firm of Davies Ward Phillips & Vineberg LLP, the fund seeks to inspire interest in business law among students and build ties with the broader legal and business communities in Toronto. –> Past Lecturers
January 2019, the Davies Business Law Lecture entitled “The Problem of Sunsets” was presented by Jill E. Fisch, the Saul A. Fox Distinguished Professor of Business Law and co-director of the Institute for Law and Economics at the University of Pennsylvania Law School, where she teaches and writes on corporate law, corporate governance and securities regulation.
Professor Fisch is the recipient of various awards, including the Penn LLM Prize for Excellence in Teaching and the Robert A. Gorman Award for Excellence in Teaching. Her scholarship focuses on corporate governance, the shareholder voting process and securities litigation as well as ongoing experimental work on retail investor decision-making and financial literacy.
About the Lecture: With an increasing percentage of corporations going public with dual-class structures in which the shares owned by the founders or other corporate insiders have greater voting rights than the shares sold to public investors. The dual-class structure has been controversial. The lecture considered the emerging effort to address concerns over dual class with time based sunset provisions.
WATCH full live lecture recording here: Are sunset clauses a solution to the controversies of a dual class structure?