Biography

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. 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

• Lessons Learned From The Crisis: A View From The US
  Luxembourg For Finance, October 23, 2009
• UBS Case Weakens Swiss Bank Secrecy
  San Francisco Chronicle, August 23, 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

• Marshall E. Blume and Kenneth E. Scott, Regulatory Initiatives of the Securities and Exchange Commission, Statement No. 276 of the Shadow Financial Regulatory Committee, September 14, 2009.
• Ken Scott and John Taylor, It's Worth the Trouble to Value Toxic Assets, Wall Street Journal, August 1, 2009, pg. A10.
• Kenneth E. Scott and John B. Taylor, Why Toxic Assets Are So Hard to Clean Up, Wall Street Journal, July 20, 2009, pg. A13.
• 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).

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