Biography

Senior Research Fellow, Hoover Institution, Emeritus

Kenneth E. Scott ’56, law and business professor emeritus and Hoover Institution senior research fellow, is a leading scholar in the fields of corporate finance reform and corporate governance who has written extensively on federal deposit insurance issues and federal banking regulation. His current research concentrates on legislative and policy developments related to the current financial crisis, comparative corporate governance, and financial regulation.

Professor Scott has extensive consulting experience, including work for 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 served as 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, The Financial Crisis: Causes and Lessons, 22 Journal of Applied Corporate Finance 22 (2010)
• 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 Journal of Securities Law 373 (2007) / 17 Journal of Applied Corporate Finance 44 (2005), 53 Am. J. Comparative L 31 (Winter 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

• California’s Solo Mortgage Probe Complicated By 2008 Deal
  Business Week - Bloomberg, February 03, 2012
• California’s Harris Seeks Edge In U.S. Foreclosure Standoff
  Business Week - Bloomberg, January 31, 2012

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

• Marshall Blume, Kenneth E. Scott, The Volcker Rule: Market Making Exception, Statement No. 326 of the Shadow Financial Regulatory Committee, February 13, 2012.
• Kenneth E. Scott, A Guide to the Resolution of Failed Financial Institutions: Dodd-Frank Title II and Proposed Chapter 14, in Resolution of Failed Financial Institutions: Orderly Liquidation Authority and a New Chapter 14, Stanford, Calif.: Stanford University's Hoover Institution Working Group on Economic Policy, 2011.
• Thomas H. Jackson, Kenneth E. Scott, Kimberly Anne Summe, John B. Taylor, Resolution of Failed Financial Institutions: Orderly Liquidation Authority and a New Chapter 14, Stanford, Calif.: Stanford University's Hoover Institution Working Group on Economic Policy, 2011.
• Kenneth E. Scott, The Monumental Task Assigned to the Fed, Statement No. 298 of the Shadow Financial Regulatory Committee, September 13, 2010.
• Kenneth E. Scott, Dodd-Frank: Resolution or Expropriation?, Working Paper Series
• Kenneth E. Scott, The Financial Crisis: Causes and Lessons, 22 Journal of Applied Corporate Finance 22 (2010)
• Kenneth E. Scott, The Role of Corporate Governance in Coping with Risk and Unknowns, in The Known, the Unknown, and the Unknowable in Financial Risk Management, F. Dielbold, N. Doherty & R. Herring (eds.). Princeton: Princeton University Press, 2010.
• David Collier, Kenneth E. Scott, Peoples Bank of Athens, Darden Case No. UVA-OM-440, Working Paper Series (2010)
• Kenneth E. Scott, George P. Shultz, and John B. Taylor, eds., Ending Government Bailouts as We Know Them, Stanford, CA: Hoover Press, 2010.
• Kenneth E. Scott, Evaluating Failure Resolution Plans, in Ending Government Bailouts As We Know Them, Kenneth E. Scott, George P. Shultz, and John B. Taylor, eds., Stanford: Hoover Institution Press, March 2010.

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