Scholars

Scholars of the SMU Corporate Governance Initiative.

Affiliated faculty at SMU Cox School of Business and SMU Dedman School of Law working at the intersection of corporate law, securities regulation, capital markets, and the structural design of the modern public company. Listed alphabetically by last name.

The faculty

The SMU Corporate Governance Initiative convenes scholars across law and finance to interrogate the institutions that determine where and how American corporations are chartered, governed, and contested.

Affiliated faculty

Carliss Chatman Professor of Law SMU Dedman School of Law Ask about: How does corporate personhood distribute power, and to whom? Corporate personhoodCorporate governanceContracts+3

Scholarship examines how corporate personhood, contract structures, and governance norms reinforce racial capitalism and systemic inequality. Author of Corporate Human Trafficking, 102 Tex. L. Rev. 1263 (2024) (SMU Scholar; Texas Law Review), and co-author (with Carla L. Reyes) of Business Organizations: An Experiential Approach (Carolina Academic Press 2022). Earlier articles have appeared in the UCLA Law Review, the UC Irvine Law Review, the Washington & Lee Law Review, and the Michigan Journal of Race & Law; commentary has appeared in The Washington Post, CNN, Bloomberg Law, The Hill, and NPR. Chair of the Article 2 Committee of the American Bar Association Business Law Section; Academic Fellow at the Center for Retail Investors & Corporate Inclusion; Faculty Affiliate at Duke University’s Samuel DuBois Cook Center on Social Equity. Recipient of the SMU Dedman Law BLSA Black Faculty of the Year Award (2024), the Lutie A. Lytle Outstanding Scholar Award (2023), and the AALS Derrick A. Bell, Jr. Award (2021). Previously practiced at Vinson & Elkins LLP and Morgan, Lewis & Bockius LLP.

Shane Goodwin, Ph.D., LL.M. Professor of Practice in Finance, SMU Cox School of Business · Adjunct Professor of Law, SMU Dedman School of Law Executive Director, SMU Corporate Governance Initiative · Editor, Hilltop Forum & The Hilltop Docket Ask about: Why does a board move its charter, and what happens to the shares? Corporate governanceCapital marketsCorporate finance+2

Over 30 years of experience in corporate finance, mergers and acquisitions, and investment banking as a practitioner, board member, and professor. Research and teaching on corporate governance, M&A, and shareholder activism, spanning capital markets and the law and economics of state corporate-law competition. Served as Governance Advisor to the Special Committee of Tesla, Inc.’s Board of Directors in connection with the 2025 CEO Performance Award, addressing fiduciary duties under Texas law (Tesla, Inc., Definitive Proxy Statement (Schedule 14A) (Sept. 17, 2025)). Testified before the Texas Senate Committee on State Affairs in support of Senate Bill 29 (signed May 14, 2025), which modernized the Texas Business Organizations Code. Served as an expert witness for Google in the remedy phase of United States v. Google LLC, No. 1:23-cv-00108 (E.D. Va.) (Oct. 2025). Before entering academia, spent nearly 25 years in corporate and investment banking, including at Goldman Sachs, Citigroup, and Wells Fargo Securities, and has held academic appointments at Columbia and Harvard. Recent commentary appears in Bloomberg, Fortune, the Securities Regulation Law Journal, and the Columbia Law School Blue Sky Blog. NACD Certified Director and Board Leadership Fellow.

Christine Hurt Inaugural Alan R. Bromberg Centennial Chair in Corporate, Partnership, Business and Securities Law · Professor of Law Senior Associate Dean for Academic Affairs, SMU Dedman School of Law Ask about: Who owes what to whom inside a partnership or an LLC? Corporate governanceSecurities regulationCorporate tax+2

Formerly the George Sutherland Chair at the J. Reuben Clark Law School at Brigham Young University and professor and director of the Illinois Business Law & Policy Program at the University of Illinois College of Law. Co-pioneered the Interactive Citation Workbook (LexisNexis) in 1999 while directing the Legal Research and Writing program at the University of Houston Law Center. Lead author of the leading treatise on partnership law, Bromberg & Ribstein on Partnership. Researches and writes at the intersection of entity governance, fiduciary duties, and securities fraud. Served one term on the National Adjudicatory Council of FINRA. Teaches courses in business organizations, securities regulation, and corporate taxation. Earlier corporate practice at Baker Botts L.L.P. and Skadden, Arps, Slate, Meagher & Flom LLP in Houston, Texas. Member of the American Law Institute (ALI).

James S. Linck Distinguished Chair in Finance · Professor of Finance Senior Associate Dean, Programs, SMU Cox School of Business Ask about: What determines who sits on a board? Corporate governanceBoards of directorsCorporate finance+2

Research focuses on corporate finance and corporate governance, with emphasis on how organizations are governed — boards of directors and the market for corporate control — including widely cited studies of the determinants of board structure and the effects of the Sarbanes-Oxley Act on the supply and demand for directors. Work published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and The Accounting Review. Before SMU Cox, held faculty appointments at the University of Georgia’s Terry College of Business (as BB&T Scholar in Finance), the University of Rochester’s Simon Graduate School of Business, and Arizona State University’s W.P. Carey School of Business, with earlier finance and accounting positions at Intel, NCR/AT&T, and Ernst & Whinney. CFA charterholder and CPA. Teaches financial management, valuation, financial statement analysis, and mergers and acquisitions. Ph.D. in business administration, Arizona State University.

Helmuth Ludwig Professor of Practice for Strategy and Entrepreneurship · SMU Cox School of Business Executive Fellow, Strategic Management Department, IESE Business School (Barcelona) Ask about: What does a board actually have to know about AI and cyber risk? Corporate governanceAI governanceBoard oversight+2

Professor of Practice for Strategy and Entrepreneurship at the SMU Cox School of Business, where he teaches MBA courses including Technology and AI Strategy. Executive Fellow of the Strategic Management Department at IESE Business School in Barcelona. Serves on the boards of directors of Hitachi, Ltd. (audit committee), Myers Industries (nominating, governance, and audit committees), Humanetics Group (board chair), and the NACD North Texas Chapter; senior advisor to Bridgepoint LLC and Zscaler Inc. An NACD Certified Director and Board Leadership Fellow. Before academia he spent his career at Siemens, serving as global Chief Information Officer until 2019, CEO of Siemens Industry North America until 2014, and President of Siemens PLM Software until 2010; earlier board service includes Circor International (chair), the Commonwealth Center for Advanced Manufacturing (chair), and several Siemens entities. His recent scholarship on board oversight of artificial intelligence and cybersecurity includes Agentic AI and Corporate Governance (Directors & Boards, 2026), Director Essentials: Implementing AI Governance (NACD, 2025), Cybersecurity: Seven Steps for Boards of Directors (with Andy Brown, Zscaler, 2023), and How Boards of Directors Govern Artificial Intelligence (MIS Quarterly Executive, 2023). Engineering degree, Karlsruhe Institute of Technology; M.B.A., University of Chicago; Doctorate, Christian-Albrecht University of Kiel.

William Maxwell Mary Jo Vaughn Rauscher Chair in Financial Investments · Professor of Finance Chair, Department of Finance, SMU Cox School of Business · Academic Director, EnCap Investments & LCM Group Alternative Asset Management Center · Academic Director, Don Jackson Center for Financial Studies Ask about: What does the bond market price that the equity market misses? Corporate financeCorporate bond marketsCredit markets+2

Research centers on corporate finance and the microstructure of corporate bond markets, with work cited more than 3,000 times across Web of Science and Google Scholar. Author of five articles in the Journal of Finance and five in the Journal of Financial Economics, with further work in the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and the Journal of Accounting Research. Co-author of Leveraged Financial Markets (McGraw-Hill 2011) and High Yield Bonds (McGraw-Hill 1999). Prior faculty appointments at the University of Arizona, Texas Tech University, Georgetown University, and George Washington University, and five years in mergers and acquisitions and corporate valuation before academia. Named one of Poets & Quants’ Top 40 Undergraduate Business School Professors (2017). Teaches valuation and directs the alternative-asset management program. Ph.D. in finance, George Washington University.

Todd Milbourn Dean & Tolleson Chair in Business Leadership · Andrew H. Chen Endowed Chair in Financial Investments Dean, SMU Cox School of Business Ask about: Does executive pay build long-term value or spend it? Corporate governanceExecutive compensationCorporate finance+2

The tenth dean of the SMU Cox School of Business. An expert on valuation, corporate finance, credit ratings, and corporate governance — including executive compensation and its effect on long-term shareholder value, corporate decision-making, and firm performance — he has been retained as an expert by private firms and the U.S. Department of Justice. Co-author of The Value Sphere: Secrets of Creating and Retaining Shareholder Wealth, with scholarship published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, Management Science, the Journal of Accounting Research, the RAND Journal of Economics, Harvard Business Review, and MIT Sloan Management Review. Came to SMU from the Olin Business School at Washington University in St. Louis, where over twenty-five years he was the Hubert C. and Dorothy R. Moog Professor of Finance and, most recently, deputy dean — expanding the Ph.D. program, launching specialized master’s programs, and helping establish four research centers. Previously taught finance at the London Business School and the University of Chicago. Ph.D. in finance (1995), Indiana University Kelley School of Business; B.A. in economics, finance, and mathematics (1991), Augustana College.

Darius Miller Caruth Chair of Financial Management · Professor of Finance Academic Director, Kitt Investing and Trading Center, SMU Cox School of Business Ask about: What does disclosure regulation do once a company crosses a border? Corporate governanceFinancial market regulationFinancial disclosure+1

Research examines financial market regulation, corporate governance, and financial disclosure, with a focus on international financial markets. Work appears in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Accounting Research, and the Journal of International Economics, and has been recognized with a Journal of Financial Economics All Star Paper Award. Prior faculty appointments at Indiana University and Texas A&M University, with visiting positions at the Federal Reserve Board of Governors, Universidad de los Andes, the Chinese University of Hong Kong, the Hanken School of Economics, and Wuhan University. Six-time recipient of the Cox MBA Outstanding Teaching Award, Cox Executive MBA Teacher of the Year, recipient of the President’s Associates Outstanding Faculty Award, and a member of SMU’s Academy of Distinguished Teachers. Ph.D., University of California, Irvine.

Christina M. Sautter Professor of Law Associate Dean for Research, SMU Dedman School of Law · Co-Founder, Secretary, and Board Member, Center for Retail Investors & Corporate Inclusion (RICI Center) Ask about: What happens to retail shareholders when a company changes state? Retail investor rightsCapital marketsCorporate governance+2

Doctrinal and theoretical research on corporate governance, mergers and acquisitions, and retail-investor rights, including the impact of interstate charter competition on shareholder rights. Co-Founder, Secretary, and Board Member of the Center for Retail Investors & Corporate Inclusion, a 501(c)(3) nonprofit. Visiting appointments (2024–26) at the London School of Economics, the University of Edinburgh, Dublin City University, Bocconi University, and the University of Milan. Co-authored an SEC comment letter on the proposed predictive-data-analytics conflicts rule for broker-dealers and investment advisers, urging a narrower reach (Release Nos. 34-97990; IA-6353; File No. S7-12-23). Expert witness in litigation involving corporate structure, governance, and M&A. Author of Corporate Disenfranchisement, 17 U.C. Irvine Law Review (forthcoming 2027) (with Sergio Alberto Gramitto Ricci), examining legislative, regulatory, and private-ordering restrictions on shareholder rights; coined the “wireless investor” in Corporate Governance Gaming: The Collective Power of Retail Investors, 22 Nevada Law Journal 51 (2021). Co-author (with Franklin A. Gevurtz) of Mergers and Acquisitions Law (West Academic Publishing 2018) (Hornbook Series). Recent commentary appears in the Financial Times, Bloomberg Law, Texas Lawbook, Law360, The Deal, and the Columbia Blue Sky Blog. Earlier practice in the M&A Group at Shearman & Sterling LLP (now A&O Shearman); law clerk to the Hon. H. Emory Widener, Jr. (U.S. Court of Appeals for the Fourth Circuit). Member, Executive Committee of the AALS Section on Securities Regulation.

Venkatesh (Venky) Shankar Harold M. Brierley Endowed Professor of Marketing Chair, Department of Marketing, SMU Cox School of Business · Academic Director, Brierley Institute of Customer Engagement Ask about: What is AI actually changing in how firms compete? Artificial intelligenceDigital marketingMarketing strategy+2

Research spans artificial intelligence, digital marketing, marketing strategy, innovation, new product management, retailing, pricing, and branding. Work appears in the Journal of Marketing Research, Management Science, Marketing Science, and Harvard Business Review, among others; has served as associate editor of several premier journals and is Editor Emeritus of the Journal of Interactive Marketing. Winner of the 2024 Charles Coolidge Parlin Award, a 2023–24 American Marketing Association Fellow, recognized among the World’s Most Influential Scientific Minds, and a three-time recipient of the Krowe Award for teaching. Chairs the Marketing Accountability Standards Board Advisory Council and formerly served as an Academic Trustee of the Marketing Science Institute. Came to SMU Cox from Texas A&M’s Mays Business School, where he was Ford Chair Professor of Marketing & E-Commerce and Director of Research at the Center for Retailing Studies. Ph.D. in marketing, Northwestern University.

Marc I. Steinberg Rupert and Lillian Radford Chair in Law · Professor of Law Editor-in-Chief, The International Lawyer and The Securities Regulation Law Journal Ask about: When are directors and officers personally on the hook? Securities regulationDirector & officer liabilityCorporate governance+1

Marc I. Steinberg is the Rupert and Lillian Radford Chair in Law and Professor of Law at the SMU Dedman School of Law, Honorary Visiting Professor at King’s College London Dickson Poon School of Law, and Honorary Fellow at the Asian Institute of International Financial Law at the University of Hong Kong. He directs the SMU Corporate Counsel Externship Program and is a former Senior Associate Dean for Research and for Academics; before SMU he taught at Maryland, Wharton, George Washington, and Georgetown, and has held visiting appointments at law schools in more than a dozen countries. A former U.S. Securities and Exchange Commission enforcement attorney and special projects counsel to the General Counsel, he clerked on the U.S. Court of Appeals for the Ninth Circuit, served as legislative counsel to U.S. Senator Robert P. Griffin, and advised Justice Arthur J. Goldberg on the federal advisory committee report on tender offers. He has been retained as an expert witness in matters including Enron, Martha Stewart, Mark Cuban, and the National Prescription Litigation, and has served on the FINRA National Adjudicatory Council. Author of approximately 50 books and 150 law review articles, he is editor-in-chief of The International Lawyer and The Securities Regulation Law Journal, an adviser to The Journal of Corporation Law, and a life member of the American Law Institute. He holds a J.D. from UCLA, an LL.M. from Yale, and his undergraduate degree from the University of Michigan.

Affiliating with the Initiative.

The SMU Corporate Governance Initiative welcomes faculty, visiting scholars, and Ph.D. candidates whose research engages corporate governance, securities regulation, or the law and economics of state corporate-law competition. To inquire about joining the Initiative, please visit the About page.

Method · Standing rules

How affiliated scholars work.

Every page published under SMU CGI — whether a scholar's working paper, a doctrinal commentary, or an institutional dataset — is held to the same evidentiary discipline.

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    Primary sources only.

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    Bluebook 21st throughout.

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    Cross-disciplinary — finance · law.

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    Reproducible data. Code and data released on request.