San Francisco Forum

The March 16th San Francisco Forum brought together institutional investors, issuers, academics, regulators and their advisors - chosen for their diversity of perspectives and experience.

IIEF Members are invited to read a summary of this lively discussion.

Panel Discussion:

Citizens United:  The impact of the Supreme Court's groundbreaking Citizens United decision and its impact on corporate governance, shareholder rights and investor value.


Michael Salerno, Professor, University of California Hastings College of Law


Steven M. Schatz, Partner, Wilson Sonsini Goodrich & Rosati
Charles Bell, Vice Chairman, The Federalist Society Free Speech and Election Law Practice group; and immediate past president, Republican National Lawyers Association
Warren Langley, a consultant and private investor and former President and Chief Operating Officer, Pacific Stock Exchange
Marian Macindoe, Director of Social Proxy Research, Glass Lewis & Co.

Roundtable Discussion:


Christopher Waddell, former General Counsel of CalSTRS and SDCERS

“Shareholder Democracy:  Good, Bad or Unimportant?  A discussion of activism and its economic and political consequences.”

To promote frank, open discussion, Chatham House rules were followed.

Luncheon & Keynote: Dan Walters

Political Columnist Dan Walters, the "dean" of California political journalists, offered an update on the current political situation in California with the new administration and the fiscal challenges it is facing

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