Fordham Law

Corporate Law Professor Writes Top Article of 2007

April 16, 2008

An article written by Fordham Law Professor Sean Griffith has been selected one of the ten best corporate and securities articles of 2007.

Griffith and co-author Tom Baker were recognized for their article, “The Missing Monitor in Corporate Governance: The Directors’ & Officers’ Liability Insurer,” 95 Geo. L.J. 1795 (2008).  The selection was announced by the Corporate Practice Commentator, which holds a poll every year to determine the best articles. Corporate and securities law scholars are asked to select the best articles from those published in legal journals during 2007. 

The article is part of a larger empirical project investigating the relationship between corporate governance and directors' and officers' (D&O) insurance.  After conducting extensive interviews with those involved in all aspects of D&O insurance—including underwriters, claims managers, brokers, risk managers, actuaries, plaintiffs and defense lawyers, and monitoring counsel—Griffith and Baker were able to elucidate the extent to which D&O insurance preserves or subverts the deterrence objectives of corporate and securities law. 

“Sean is a tremendous scholar and an engaging teacher. I am pleased that he has received this well deserved recognition of his important work in the area of corporate and securities law,” said William M. Treanor, dean of Fordham Law.

The Missing Monitor” is the second article in a series of three. The first article, “Predicting Corporate Governance Risk,” 74 U. Chi. L. Rev. 487 (2007) describes how insurers evaluate risk in underwriting D&O policies. The third article, “How the Merits Matter,” in progress, describes how D&O insurers influence the settlement of securities litigation.

Contact: Steve Eichinger