Corporate Governance and the Future of the

U. S. Securities and Exchange Commission

Roderick M. Hills and David S. Ruder

November 28, 2005

Roderick M. Hills is founder and Chairman of the Hills Program on Governance at CSIS, and is a leading advocate for effective corporate governance. He is currently the Co-Chairman and a trustee of the Committee of Economic Development.  His long and distinguished career has included both service in the public sector, as Counsel to the President of the United States (1975) and Chairman of the Securities Exchange Commission (1975-1977), and in the private sector, as a founder and partner Munger, Tolles and Hills in Los Angeles and now as founder and partner of Hills & Stern, Attorneys at Law.  Mr. Hills has served as Chairman and/or CEO of several corporations and over the years has served on over 20 corporate boards. He currently serves as a member of the boards of Chiquita Brands International, Certus, and Aklara. He is a founder, former Chairman, and currently the Vice-Chairman of the US-ASEAN Business Council.

David S. Ruder, former dean of the Northwestern University School of Law and a faculty member since 1961, served as Chairman of the U.S. Securities and Exchange Commission from 1987 to 1989. During his service as Chairman he dealt with the stock market crash of 1987 and its aftermath, supervised enforcement actions against violators of anti-fraud laws, initiated a program aimed at eliminating penny stock fraud, enlarged SEC initiatives in the area of international securities regulation, and testified more than 30 times before Congress on various topics. Currently he is addressing problems related to creation of accounting and auditing standards and to the aftermath of the Enron scandal.

Pictures taken by John DeCosta.
November 28, 2005

Video hosted on the Zicklin Center website.