Biography

Kenneth E. Scott ’56 is a leading scholar in the fields of corporate finance reform and corporate governance, and is well versed in federal deposit insurance issues and federal banking regulation. A senior research fellow at the Hoover Institution, his current research concentrates on legislative and policy developments related to comparative corporate governance, bank regulation, and deposit insurance reform.

Professor Scott has extensive consulting experience, including turns with the World Bank, Federal Deposit Insurance Corporation and Resolution Trust Corporation, and, most recently, the National Association of Securities Dealers. He is also a member of the Shadow Financial Regulatory Committee, Financial Economists Roundtable, and the State Bar of California’s Financial Institutions Committee. Before joining the Stanford Law School faculty in 1968, he was general counsel to the Federal Home Loan Bank Board, chief deputy savings and loan commissioner of California and worked in private practice in New York with Sullivan & Cromwell.

Key Works

• Kenneth E. Scott. With Theodor Baums, Taking Shareholder Protection Seriously? Corporate Governance in the U.S. and Germany, in Reform of Chinese Corporate law: International Observations, X. Zhao, ed., 2007 / 8 Korean Jounral of Securities Law 373 (2007) / 17 Journal of Applied Corporate Finance 44 (2005).
• Kenneth E. Scott and Richard Posner, eds., Economics of Corporation Law and Securities Regulation, Boston, MA: Little, Brown and Company, 1980.
• Kenneth E. Scott, William Baxter and Paul Cootner, Retail Banking in the Electronic Age: The Law and Economics of Electronic Funds Transfer, Mont Clair, NJ: Allanheld, Osmun & Co., 1977.
• Kenneth E. Scott, Two Models of the Civil Process, 27 Stanford Law Review 937 (1975).
• Kenneth E. Scott, Standing in the Supreme Court - A Functional Analysis, 86 Harvard Law Review 645 (1973).

In the News

• Ken Scott Speaks On Economic Crisis
  The Stanford Daily, February 18, 2009
• Citigroup and Bank of America: How Many Bailouts Does a Bank Need?
  Wall Street Journal Deal Journal Blog, February 03, 2009
• 'Crown Jewel' Merrill Tarnishing Lewis' Rep
  Financial Week, January 19, 2009
• BofA To Receive $15B In New TARP Money
  Fox Business, January 15, 2009
• Bank Of America CEO Takes Lumps On Merrill Merger
  Reuters, January 15, 2009

Courses & Programs

Programs

• John M. Olin Program in Law and Economics, Ralph M. Parsons Professor of Law and Business, Emeritus

Publications & Cases

Recent Publications View All

• Kenneth E. Scott and Edward J. Kane, Mortgage Delinquencies and Foreclosures, Statement No. 259 of the Shadow Financial Regulatory Committee, May 5, 2008.
• Kenneth E. Scott, The Role of Corporate Governance in Coping with Risks and Unknowns, Stanford Law and Economics Olin Working Paper, No. 356 (April 2008).
• Kenneth E. Scott, Facilitating Mortgage Renegotiations: The Policy Issues, Statement No. 255 of the Shadow Financial Regulatory Committee, February 11, 2008.
• Franklin Edwards and Kenneth Scott, Statement on 'The International Competitiveness of U.S. Capital Markets, Financial Economists Roundtable, September 7, 2007.
• Kenneth E. Scott and Richard J. Herring, The Usefulness of Hedge Fund Post-Mortems, Statement No. 244 of the Shadow Financial Regulatory Committee, May 7, 2007.
• Kenneth E. Scott, Structured Products and ETFs, in New Financial Instruments and Institutions, Y. Fuchita and R. Litan, eds., 2007.
• Kenneth E. Scott. With Theodor Baums, Taking Shareholder Protection Seriously? Corporate Governance in the U.S. and Germany, in Reform of Chinese Corporate law: International Observations, X. Zhao, ed., 2007 / 8 Korean Jounral of Securities Law 373 (2007) / 17 Journal of Applied Corporate Finance 44 (2005).
• Kenneth E. Scott, Corporate Governance in the New Institutional Economics, in Institutions in Perspective: Festschrift in Honor of Rudolf Richter on the Occasion of his 80th Birthday, Ulrich Bindseil, Justus Haucap and Christian Wey, eds., Tubingen, Germany: Mohr Siebeck, 2006.
• Kenneth E. Scott. Decision Cycling: Corporate Dilemma or Academic Frolic? Comment, 162 Journal of Institutional And Theoretical Economics 76 (2006).
• Kenneth E. Scott and Theodor Baums, Taking Shareholder Protection Seriously? Corporate Governance in the United States and Germany, ECGI - Law Working Paper No. 17/2003, 57 pages, (November 2003).

Affiliations & Honors

Professional Affiliations

• Member, Advisory Group, National Association of Securities Dealers
• Member (1985-Present), Shadow Financial Regulatory Committee
• Member (1993-Present), Financial Economist Roundtable
• Member (1986-1989, 1995-Present), State Bar California Financial Institutions Committee
• Banking Committee, American Bar Association, Administrative Law Section
• Chairman, 1973-1975
• Council Member, 1979-1989