Widener Law hosted its 27th-annual Francis G. Pileggi Distinguished Lecture in Law recently with a presentation from Jill E. Fisch, the Perry Golkin Professor of Law at University of Pennsylvania Law School.
Fisch, who co- directs Penn Law’s Institute for Law and Economics, is a nationally known scholar whose work focuses on the intersection of business and law, including the role of regulation and litigation in addressing limitations in the disciplinary power of the capital markets. In her remarks, “Leave it to Delaware: Why Congress Should Stay Out of Corporate Governance,” Fisch took the position that supposed failures of Delaware law are overstated. She said governance positions in the Dodd-Frank Wall Street Reform and Consumer Protection Act demonstrate procedural deficiencies in federal regulation and, to the extent cases challenge existing corporate law rules, state law is better positioned to respond.
Her lecture came at a time when Delaware corporate law has been criticized for insufficiently promoting director and officer accountability. That criticism has been invoked to justify federal regulation of corporate governance, notably involving proxy access, executive compensation and takeover regulation.
Delaware Supreme Court Justice Henry duPont Ridgely introduced Fisch, noting the Pileggi lecture series has served to stimulate conversations about corporate law in Delaware over 27 years. He thanked the Delaware Journal of Corporate Law, which presents the event with the law school, for its work.
“The Journal provides a tremendous resource for judges, practitioners and academics alike,” Ridgely said.
Fisch thanked the school and the Pileggi family for including her in the event.
“It’s an honor to be a part of this lecture series,” she said.
The event is made possible by the generosity of Francis G. Pileggi, a founding attorney of Pileggi & Pileggi and father of Widener Law alumnus Francis G.X. Pileggi, who conceived of the idea through a desire to create a corporate law forum for practitioners, judges and academics.