Phone: 1-416-736-5545, Fax: 1-416-736-5736
Osler Chair in Business Law and Co-Director, the Hennick Centre for Business and Law
Osgoode Hall Law School, York University, Toronto, Ontario, Canada
Definition Responsible Investment Banking
Both lending and investment must consider the implications of the economic activities being enabled: Are there potential externalities from a social or environmental point of view that could be mitigated or eliminated with more careful thinking or a different way of structuring financial products?
Areas of Expertise
Corporate law (U.S. and Canada); securities law (U.S.); corporate governance; comparative corporate governance; corporate responsibility
B.A. (Neurobiology), University of California at Berkeley; J.D., New York University. Practiced law for five years at Cravath, Swaine & Moore, New York, N.Y. Prof. Williams taught at the University of Illinois College of Law until 2013, when she joined the faculty of Osgoode Hall Law School in Toronto, Canada. A widely published author, her Harvard Law Review article, “The Securities and Exchange Commission and Corporate Social Transparency,” 112 HARV. L. REV. 1197 (1999), was an early argument for required social, environmental and governance information, and was recognized by the Corporate Practice Commentator as one of the ten best corporate or securities articles published in 1999. Her 2007 article “Putting the “S” Back in CSR: a Multi-Level Theory of Corporate Social Responsibility (with Ruth Aguilera, Deborah Rupp and Jyoti Ganapathi), 32:3 Academy of Management Review 836 (2007), was awarded best paper prize by Sir Adrian Cadbury at the University of Birmingham International Conference on Corporate Governance (2005). Professor Williams helped found and is on the board of the Network for Sustainable Financial Markets, a global think-tank of academics and financial market participants, http://www.sustainablefinancialmarkets.net, and the Climate Bond Initiative, http://www.climatebonds.net. Professor Williams has been an invited lecturer in China, Germany, Ireland, Israel, Italy, the Netherlands, Portugal, Scotland, South Korea, the UK and throughout North America. Her most recent book, The Embedded Firm: Corporate Governance, Labor and Finance Capitalism, co-edited with Prof. Peer Zumbansen, was published by Cambridge University Press in August of 2011, and was featured at the Society for Socio-Economics (SASE) Annual Conference in 2011 at MIT. Prof. Williams is also the co-author with Prof. Gordon Smith of a widely-used casebook, Business Organizations: Cases, Problems and Case Studies (Wolters Kluwer 3d ed. 2012).
Cynthia A Williams, Osler Chair in Business Law, Osgoode Hall Law School, York University, Toronto; John M Conley, William Rand Kenan Jr. Professor of Law, the University of North Carolina School of Law
Recent developments in banking, including high-profile prosecutions for illegal activities, portend further regulatory inter-ventions on both sides of the Atlantic. Yet the structure of much banking regulation requires banks to make good faith determinations of the kinds of risks to which their loans and investments give rise–determinations that can be, and in some cases have been, manipulat-ed. Rather than evaluating specific regulatory interventions, this Es-say focusses on the culture within financial institutions themselves, particularly the global entities that are explicitly or implicitly too-big-to-fail, and on approaches to regulation that might affect and be affected by that culture. Our analysis is informed by the perspectives of anthropology, organizational and social psychology, and new governance regulatory theory. Weaving these strands of prior re-search together, the Essay concludes with suggestions for reform.
Network for Sustainable Financial Markets, http://www.sustainablefinancialmarkets.net
Climate Bond Initiative, http://www.climatebondinitiative.net
Hobbies & Social Engagement
Reading, travel, hiking, skiing, sailing.
For the booklaunch… if you want to invite people, we will do that for you – please note names and email – for each [full name;email] take one line, thanks…