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University of Iowa News Release

April 25, 2005

Law School Receives Grant For Corporate Law Conference

University of Iowa law professor Hillary Sale has received a $45,000 grant from the Alfred P. Sloan Foundation to fund a conference in fall 2005 examining a landmark corporate law book 20 years after its publication.

The book, "Corporate Law," was written by Robert Clark, who recently stepped down as dean of the Harvard University law school. The symposium will be sponsored by the Journal of Corporation Law, a journal published by the UI College of Law that will also publish the papers presented.

"Robert Clark's book has long been one of the most popular treatises on corporate law," Sale said. "In the 20 years since it was written, corporate law and theory have grown in several directions. The book and this conference present an opportunity for a broad-ranging debate on where corporate law should be headed and how it should get there. Our goal is to urge people to update their thinking on what the roles of the various corporate actors should be, what directions they should take, and how corporate law thinking and theory can and should change."

Participants haven't been decided but will likely include scholars, attorneys, judges, CEOs and other business and corporate leaders, Sale said. Clark is expected to attend the symposium.

The Sloan Foundation also funded a JCL Symposium in 2003 titled "The Mechanisms of Market Efficiency."

"Our 2003 symposium was extremely successful, and we expect to repeat that success with a symposium on Clark's book, which, in many ways provides an even better vehicle for expanding the discussion of corporate law and theory because of its popularity," Sale said. "We're grateful to the Sloan Foundation for helping us to achieve this success and expanding the discussion of corporate law."

Founded in 1934 by Alfred P. Sloan, a former chairman and CEO of General Motors Corp, the Sloan Foundation provides funding for programs relating to science and technology, standard of living and economic performance, education and careers in science and technology and other national issues.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: Tom Snee, 319-384-0010, tom-snee@uiowa.edu.