Corporate Social Responsibility: Maximizing Shareholder Returns and Community Benefits
Time: 9:15 am – 3:15 pm
Date: February 21, 2020
Location: Saxbe Auditorium, Drinko Hall
This course has been approved by the Supreme Court of Ohio Commission on Continuing Legal Education for 4 hours of CLE instruction.
In August of 2019, a group of CEOs from America’s largest companies met and committed to leading their organizations for the benefit of more than just shareholders. This begs the question; how can companies execute these goals while also effectively balancing their duties to shareholders with their responsibility to the communities in which they operate? This Symposium will provide a forum for academics, corporate executives, practitioners, and the public to engage with the concept of corporate social responsibility through discussions on corporate structure, philanthropy, and startup financing.
Associate Dean for Academic Affairs; Robert J. Watkins/Proctor & Gamble Professor of Law; Director, Law, Finance, & Governance, The Ohio State Moritz College of Law
Professor Paul Rose teaches Business Associations, Comparative Corporate Law, Corporate Finance, Investment Management Law, and Securities Regulation. He has written extensively on sovereign wealth funds, corporate governance, and securities regulation, and he has consulted with and provided testimony on these topics to numerous regulators and other agencies, including the U.S. Senate Committee on Banking, Housing and Urban Affairs; the U.S. Securities & Exchange Commission; the Government Accountability Office; and the Congressional Research Service. He is an affiliate with the Sovereign Wealth Fund Initiative, a research project at The Fletcher School at Tufts University, a non-resident fellow of the ESADEgeo-Center for Global Economy and Geopolitics, an affiliate with IE Business School, and an affiliate with the Sovereign Investment Lab, a research project at Università Bocconi.
Prior to joining the faculty at The Ohio State University Moritz College of Law, Professor Rose was a visiting assistant professor in securities and finance at Northwestern University School of Law. Before joining Northwestern, Rose practiced law in the corporate and securities practice group of Covington & Burling LLP’s San Francisco office. He worked as an assistant trader in equity and emerging market derivatives at Citibank, N.A. in New York prior to attending law school.
Professor and Michael and Brenda Sandler Faculty Fellow in Corporate Law, The University of Iowa College of Law
Joseph W. Yockey joined the faculty in 2010 and was voted Professor of the Year by the law school student body for 2011-12. He is also a four-time nominee for the University of Iowa’s campus-wide President and Provost Award for Teaching Excellence.
Professor Yockey writes in the areas of corporate governance, organizational compliance, social enterprise, and higher education. He recently co-edited the Cambridge Handbook of Social Enterprise Law, and his scholarship appears in leading law journals across the country.
Before coming to Iowa, Professor Yockey practiced corporate and securities litigation at Sidley Austin LLP in Chicago. He is a summa cum laude graduate of the University of Illinois College of Law, where he served as articles editor for the University of Illinois Law Review and was elected to the Order of the Coif. After graduating from law school, he clerked for Judge John D. Tinder (retired from the U.S. Court of Appeals for the Seventh Circuit) in Indianapolis. After clerking and practicing, he spent two years teaching as a Visiting Assistant Professor at his alma mater.
This year, Professor Yockey was elected to serve as the Secretary of the University of Iowa Faculty Senate. He is also the co-founder of the law school’s First-Generation Professionals (FGP) student organization (launched in 2019).
General Counsel, JobsOhio
Don Grubbs is the General Counsel at JobsOhio, responsible for board governance, compliance and corporate legal matters for the corporation and its nonprofit affiliate, the JobsOhio Beverage System.
Don has over twenty-five years of private practice experience in business and intellectual property law and litigation to the team. Prior to JobsOhio, Don served briefly as the assistant director for the Ohio Development Services Agency and as assistant director and chief legal counsel for the Ohio Department of Commerce.
He received his Juris Doctor from The Ohio State University Moritz College of Law and a bachelor’s degree in biology with distinction from Ohio Northern University.
A former mayor and city councilman, Don is also active in board-level governance matters for several nonprofit organizations, having served as a board member and Corporate Secretary for the Ohio Academy of Science, and on the boards of the American Red Cross of Delaware County and Opera Columbus.
Assistant Professor of Law, The Ohio State University Moritz College of Law
Professor Ari Glogower researches and writes on tax law and policy. He is a graduate of Yale University and New York University School of Law. Professor Glogower’s research focuses on progressive tax design, the taxation of capital gains and business entities, and the role of wealth and inequality in the tax system.
His works have been published (or are forthcoming) in the Michigan Law Review, the Minnesota Law Review, the NYU Law Review, the Tax Law Review, the National Tax Journal, and Tax Notes. His two current forthcoming works consider the design of a constitutional wealth tax and the structural pressures on the domestic tax base arising from the 2017 tax legislation.
Prior to his current position at Ohio State, Professor Glogower served as Acting Assistant Professor of Taxation at New York University School of Law, where he taught Tax Policy, Partnership Taxation and Tax Procedure. Before teaching, Professor Glogower worked as a tax associate in the New York office of Debevoise & Plimpton, LLP, where he advised on the tax aspects of mergers, acquisitions, separations, private equity and joint ventures.
Corporate Partnerships Manager, City Year Columbus
Kelsie serves as the corporate partnerships manager and is responsible for corporate and foundation grants, marketing, development operations and events.
Assistant General Counsel and Past Chair of D&I, Cardinal Health
Caitlin currently is responsible for complex multi-district litigation and government investigations for Cardinal Health, a Fortune 20 company headquartered outside of Columbus, Ohio. In addition to managing complex litigation and a team at Cardinal Health, she also is past Chair of Cardinal Health's Legal Department Diversity & Inclusion Committee.
Caitlin currently serves on the Board of Governors for the Ohio State Bar Association and the Ohio Lawyers Assistance Program. Since 2007, she has also served on the Boards of the Women Lawyers of Franklin County (President 2014-15) and the Federal Bar Association's Columbus Chapter.
CEO, Jeni’s Splendid Ice Creams
A graduate of the University of Illinois at Urbana-Champaign and Ohio State University’s Moritz College of Law, Lowe met Jeni and Charly Bauer during his first year as a labor and employment attorney. He left Columbus in 2005 to take a post as corporate counsel for GE Aviation. But in June 2009, he was back in Columbus and, as he likes to put it, betting it all on Jeni’s. “Why did I leave GE to come here? Because it felt wholesome,” Lowe says. “It was an opportunity to help grow a company that exists for all the right reasons.”
Partner, Dinsmore & Shohl LLP
With primary focuses on the needs of privately held businesses and tax-exempt organizations, Chris takes pride in solving complex problems and developing strategic solutions that align clients for success. Drawing on his background as a financial analyst at GE, he serves as a trusted adviser and a go-to resource for challenging transactional issues encompassing a variety of business and tax matters.
He has experience in general corporate and transactional matters for a range of clients, including start-ups, family businesses, growth-stage companies, and mature small-and-medium-sized businesses. In this role he guides clients through business structuring, tax planning, and transactional matters, including investment and growth planning through capital and private equity transactions, joint ventures, mergers, acquisitions, reorganizations, and sales. Chris also serves as general outside counsel to business clients, handling contract drafting and negotiations, equity and non-equity incentive plan development, and governance matters, enabling his clients to focus on their businesses. Additionally, he provides personal services to business owners through individual tax planning, estate and gift tax planning, and business succession and asset protection planning.
Chris’ knowledge in the area of tax-exempt organizations has produced positive results for many organizations and the community. Commonly representing charities, foundations, social welfare organizations, and business leagues, he helps these organizations obtain and maintain federal tax-exemption status while navigating a complex regulatory landscape. In particular, he aids newer entrants into the tax-exempt ecosystem, including social enterprises and action organizations, and counsels organizations in need of a creative, forward-thinking approach to traversing the unique issues that arise during the life cycle. As is the case with his for-profit practice, Chris’ involvement with tax-exempt organizations also involves transactional work, including mergers, acquisitions, and reorganizations, in addition to tax-exempt-specific matters like UBIT minimization, structuring for exemption protection, and nonprofit joint ventures. This work requires a significant amount of proficiency and commonly involves the inter-play between general corporate and tax practices. Chris has also been published multiple times in national law journals on topics including public support, conversion to private foundation status, charitable solicitation, and political campaign activity.
Prior to attending law school, Chris was a financial analyst for General Electric in Cleveland.
President and General Counsel, Economic and Community Development Institute (ECDI)
As an accomplished entrepreneur, Mr. Fireman has taken his experience and success as a business founder and owner to the non-profit world, where he currently serves as the President and General Counsel of the Economic and Community Development Institute (ECDI). Additionally, Mr. Fireman focuses his practice on representing and counseling small business clients.
Mr. Fireman has used his success in risk management and strategic planning to form his own company, Supreme Title Agency. His expertise took the company from infancy to profitability in six months, increasing the bottom line by 40% in just three years. He was also able to build MidAmerican Finance & Home Equity from $600,000 in mortgages per month to $6 million monthly during his tenure as CEO. His management experience includes oversight of retail and wholesale operations, strategic planning, marketing, secondary marketing, sales, investor relations, vendor relationships, loan processing, underwriting, closing and funding. In addition, he managed six (6) Division Managers.
Mr. Fireman has served as ECDI’s Board of Directors for the past five years as Board Chair, and most recently, as a Director. He has been able to apply his success in the business world to help ECDI better serve current entrepreneurs through ECDI’s lending department. Additionally, Mr. Fireman has helped to direct ECDI’s vision, overseeing its development and ensuring that its programs continue to meet the needs of the community.
Mr. Fireman is a member of the Ohio and Columbus Bar Associations, American Corporate Counsel Association (ACCA), Mortgage Bankers Association and served on the Board of Directors for Big Brothers Big Sisters and Directions for Youth.
William H. Leary Professor of Law, The University of Utah S. J. Quinney College of Law
Professor Schwartz received his undergraduate degree, summa cum laude, from the University of California, Los Angeles, and his law degree, Order of the Coif, from the University of California, Berkeley. His research centers on securities law, investment-management regulation, and retirement policy. Recent works include "The Conflict Minerals Experiment," 6 Harvard Bus. L. Rev. 129 (2016), "The Corporatization of Personhood," 2015 Illinois Law Review 1119, "The Law and Economics of Scaled Equity Market Regulation," 39 Journal of Corporation Law 347 (2014), and "The Twilight of Equity Liquidity," 34 Cardozo Law Review 531 (2012) (reprinted in the Securities Law Review and the Corporate Practice Commentator).
Professor Schwartz has commented for a number of news outlets, including the Wall Street Journal, and has testified before Congress. Prior to entering academics, he practiced law in Southern California. He served both as in-house counsel and as a corporate attorney for Munger, Tolles & Olson, where he represented clients regarding mergers and acquisitions, corporate-governance matters, and securities-law compliance.
Professor Schwartz teaches Business Organizations, Corporate Finance, Current Issues in Securities Law, Securities Law - Private Companies, and Securities Law - Public Companies.
President and CEO, SocialVentures
Recognizing a need for a network dedicated to existing and emerging social entrepreneurs, Allen Proctor founded SocialVentures (formerly the Center for Social Enterprise Development and the Community Investment Network in Central Ohio) in 2014. Since that time, more than 100 local social enterprises, more than 380 individuals have been identified and supported through custom consultation, networking and learning opportunities, and more than 5,300 individuals have benefited from SocialVentures’ speaking, blog and social media outreach. Prior to SocialVentures, Proctor was founder and principal of Linking Mission to Money. Allen has more than 30 years of experience evaluating the financial health of organizations, developing effective business strategies, and enhancing organizational effectiveness. Allen has regularly developed innovative solutions to the financial and performance challenges of nonprofit organizations and for-profit corporations.
Allen has worked as a top executive at institutions as diverse as Harvard University (CFO and Vice President for Finance), New York City (Deputy Budget Director), New York State Financial Control Board (Executive Director), and Federal Reserve Bank of New York (Division Chief). Allen earned his A.B. magna cum laude from Harvard University and his Ph.D. in economics and forecasting from the University of Wisconsin-Madison. Allen’s wide-ranging career has given him an unusually broad perspective and span of experience. In his high-level roles he has regularly dealt with issues in change management, financial restructuring, strategic planning, investment oversight, board relations, government and media relations, technology transfer, process re-engineering and information technology.
A regular columnist on nonprofit management for Columbus Business First, Allen has taught budgeting and finance at the Kennedy School of Government of Harvard University and at the Graduate School of Business of Columbia University and twice served as a reviewer for the prestigious Innovations program sponsored by the Ford Foundation. Allen is the author of two highly regarded books, More Than Just Money: Practical and Provocative Steps to Nonprofit Success, and Linking Mission to Money® Second Edition, Finance for Nonprofit Leaders.
Vice President, SocialVentures
At SocialVentures, Molly works with existing social enterprises to understand their needs and help develop programming to address any challenges to growth. Prior to joining SV, she was the Outreach Director at a running specialty store in New York City and was an Academic Advisor at a small liberal arts college. Through her varied background, she found a passion for businesses that intersect the for-profit and non-profit worlds. Molly received her MBA from The Ohio State University, an MA from New York University, and a BA from Ithaca College. She lives in German Village with her husband, two kids, and lovable pit bull.
Michael M. Fleishman Associate Professor in Business Law and Entrepreneurship, Tulane University Law School
Ann M. Lipton is an experienced securities and corporate litigator who has handled class actions involving some of the world’s largest companies. She joined the Tulane Law faculty in 2015 after two years as a visiting assistant professor at Duke University School of Law. In 2016, she was named as Tulane's first Michael M. Fleishman Associate Professor in Business Law and Entrepreneurship. Lipton clerked for U.S. Supreme Court Justice David Souter and 3rd U.S. Circuit Court of Appeals Judge Edward Becker before handling securities and corporate litigation at the trial and appellate levels at law firms in New York City. She also worked briefly for the Securities and Exchange Commission.
As a scholar, Lipton explores corporate governance, the relationships between corporations and investors, and the role of corporations in society. Her articles have appeared in the Journal of Corporation Law, the Fordham Law Review, and the Georgetown Law Journal, among other publications. Beginning with the Ninth Edition, she will be one of the authors of the Securities Regulation: Cases and Materials casebook published by Aspen Publishers. She also blogs regularly for the Business Law Prof Blog.