Ross Parsons Corporate Law Seminar Series: Professor Colin Mayer

9 October 2012

Crisis, Commitment and the Corporation

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The corporation has been a source of immense prosperity and suffering. The scale of both its contributions and its problems is escalating to a global level and, in the process the deficiencies as well as the virtues of the corporation are becoming more evident.

Underpinning the firm is the concept of shareholder value - the notion that firms should be run in the interests of their shareholders. However, the stakeholders in the firm - its creditors, employees, suppliers, purchasers and communities - are broader than its shareholders. The nature of the organization and the functions it performs are determined by the degree of protection and authority that it grants to the different parties. The book argues that we need to give serious reconsideration to this feature of the firm and establish a model that is better suited to the wider group of constituents which are critical to its success. Written in the light of recent developments and policy debates, the book sets out an ambitious agenda for converting the corporation into a twenty-first century organization that we will have reason to value and trust.

Professor Mayer's seminar will bebased on his forthcoming book Firm Commitment: Why the Corporation is Failing Us and How to Restore Trust in It, which will be published by Oxford University Press in February 2013.


Colin Mayer is the Peter Moores Professor of Management Studies at the Saïd Business School at the University of Oxford. He is an Honorary Fellow of Oriel College, Oxford and of St Anne's College, Oxford, and a Professorial Fellow of Wadham College, Oxford. He is an Ordinary Member of the UK Competition Appeal Tribunal and a Fellow of the European Corporate Governance Institute. Colin Mayer was the first professor at the Saïd Business School in 1994, the Peter Moores Dean of the Business School between 2006 and 2011, and the first Director of the Oxford Financial Research Centre between 1998 and 2005. He was chairman of Oxera Ltd. between 1986 and 2010 and was instrumental in establishing it as a leading European economics consultancy firm.

Commentator: Mr Charles Littrell Executive General Manager, Policy, Research and Statistics, Australian Prudential Regulatory Authority (APRA).

Lawyers/barristers: attendance at this lecture is equal to 1.25 MCLE/CPD units.

Time: 6-7.15pm (5.30pm regsistration and refreshments)

Location: Minter Ellison Room, Level 3 Old Law School, St James Campus, Phillip St, Sydney

Cost: Full $77; Sydney Law School Alumni $66; Sydney Law School Students $44; Group (3+) $55 inc gst

Contact: PLaCE Coordinator

Phone: 02 9351 0323

Email: 1d22114023002a1d321e1618231c3f504c69552d3c17161f