Friday May 9

Dress:  Jacket and Tie

7:00pm

Dinner: Wilmington Club

Keynote Speaker

Kevin Murphy, University of Southern California

Saturday May 10

Dress:  Business Casual

8:00 a.m.

Breakfast

8:30

Welcome:

Dean Michael J. Ginzberg

8:45

Panel 1:

Executive Compensation and the Role of the Board

Moderator: Stuart Gillan, University of Delaware

1)      Peter Clapman, TIAA-CREF

2)      Fred Cook, Frederic Cook & Co.

3)      Peggy Foran, Pfizer, Inc.

4)      Joann Lublin, Wall Street Journal

5)      Pat McGurn, Institutional Shareholder Services

6)      Kevin Murphy, University of Southern California

7)      Myron Steele, Delaware Supreme Court

8)      Leo Strine, Delaware Chancery Court

10:15

Coffee Break

10:30

Panel 2:

Executive Compensation:  Function versus Form

Moderator: Brian Hall, Harvard Business School

1)      Charles Elson, University of Delaware

2)      William Landuyt, Millennium Chemicals

3)      John Noble, Delaware Chancery Court

4)      Damon Silvers, AFL/CIO

5)      Bennett Stewart, Stern Stewart & Co.

6)      Joseph Walsh, Delaware Supreme Court

7)      Harry You, Accenture

12:00 p.m.

Lunch

Remarks:

President David Roselle, University of Delaware

Comments on Compensation Issues:

Chief Justice E. Norman Veasey, Delaware Supreme Court

1:30

Does the use of peer groups contribute to higher pay and less efficient compensation?

Executive Summary

Authors: John Bizjak, Michael Lemmon, Lalitha Naveen

Presenter: Professor Lalitha Naveen, Georgia State University

Legal commentator:

Chancellor William Chandler, Delaware Court of Chancery

2:15

What's in it for me?  Personal benefits obtained by CEOs whose firms are acquired

Executive Summary

Authors: Jay Hartzell, Eli Ofek, David Yermack

Presenter: Professor Jay Hartzell, University of Texas

Legal commentator:

Vice Chancellor Jack Jacobs, Delaware Court of Chancery

 Finance commentator for both papers:

Charles Himmelberg, Federal Reserve Board

3:00

Coffee Break

3:15

Industries, Investment Opportunities, and Corporate Governance Structures

Executive Summary

Authors: Stuart Gillan, Jay Hartzell, Laura Starks

Presenter:  Professor Laura Starks, University of Texas

Legal commentator:

Professor Randall Thomas, Vanderbilt University

4:00

Management Turnover Across the Corporate Hierarchy

 Executive Summary

Authors: Charles Hadlock, Edward Fee

Presenter: Charles Hadlock

Legal commentator:

Professor Charles Yablon, Yeshiva University

Finance commentator for both papers:

Professor Jeffrey Coles, Arizona State University

5:00

Adjourn