Joseph A. Grundfest ’78 is a nationally prominent expert on capital markets, corporate governance, and securities litigation. His scholarship has been published in the Harvard, Yale, and Stanford law reviews, and he has been recognized as one of the most influential attorneys in the United States. Professor Grundfest founded the award-winning Stanford Securities Class Action Clearinghouse, which provides detailed, online information about the prosecution, defense, and settlement of federal class action securities fraud litigation. He also launched Stanford Law School’s executive education programs and continues to co-direct Directors’ College, the nation’s leading venue for the continuing professional education of directors of publicly traded corporations. In addition, he is a senior affiliated faculty member with the Arthur and Toni Rembe Rock Center for Corporate Governance. He is also Co-founder and Director of Financial Engines.
Before joining the Stanford Law School faculty in 1990, Professor Grundfest was a commissioner of the Securities and Exchange Commission, served on the staff of the President’s Council of Economic Advisors as counsel and senior economist for legal and regulatory matters, and was an associate at Wilmer, Cutler & Pickering. Early in his career he was a research associate at the Brookings Institution and an economist and consultant with the RAND Corporation.
Simon M. Lorne is vice chairman and chief legal officer of Millennium Management LLC, a New York-based multi-strategy hedge fund manager, with primary responsibility for the development, enhancement and oversight of the internal control environment as well as preparation for and attention to the evolving regulatory environment for hedge funds.
Prior to joining Millennium, he was at Munger, Tolles & Olson LLP, Los Angeles, from 1970 to 1993 and again from 1999 to 2004, serving as partner from 1972. Mr. Lorne’s practice focused on corporate transactions (mergers & acquisitions, corporate finance, etc.) and corporate governance issues, particularly special committee and audit committee reviews and examinations.
From 1993 to 1996 he was general counsel for the United States Securities & Exchange Commission (SEC). The general counsel is the SEC’s principal legal officer. The office advises the Chairman and Commissioners on all aspects of the Commission’s activities, including adoption of corporate finance, mutual fund, securities exchange and broker-dealer rules and regulations; prosecution of enforcement cases; relations with the Congress; etc.
Between 1993 and 1996 Mr. Lorne was managing director, Salomon Brothers and Salomon Smith Barney, New York (now Citigroup Global Markets, Inc.) and held a series of positions within the Salomon entities, beginning with Salomon Brothers, then with Travelers Group after its acquisition of Salomon, then with Citigroup after the Travelers-Citicorp merger to form what is now Citigroup. Activities included serving as head of global internal audit (with reporting to the Audit Committee of the Board); member of the Investment Banking screening committee; and organization of the global Citigroup compliance function.
Mr. Lorne received a J.D. (magna cum laude) from the University of Michigan Law School at Ann Arbor and an A.B. (cum laude) from Occidental College, Los Angeles, California. He is the author of one multi-volume treatise, Acquisitions and Mergers: Negotiated and Contested Transactions in the West Securities Law Series, one handbook for corporate directors, A Director’s Handbook of Cases, published by CCH Incorporated, and a number of articles in the popular and legal press. He is also a frequent speaker and lecturer, and has taught at the University of Pennsylvania, University of Southern California, and New York University law schools.
F. Daniel Siciliano ‘04 is a legal scholar and entrepreneur with expertise in corporate governance, corporate finance, and immigration law. He assumes a variety of leadership roles at the law school, including faculty director of the Arthur and Toni Rembe Rock Center for Corporate Governance, associate dean for executive education and special programs and co-director of Stanford’s Directors’ College. He is also the co-originator of the OSCGRS (Open Source Corporate Governance Reporting System) Project.
Previously, Siciliano was a teaching fellow for the law school’s international LLM degree program in Corporate Governance and Practice and executive director of the Program in Law, Economics and Business. He is the senior research fellow with the Immigration Policy Center and a frequent commentator on the long-term economic impact of immigration policy and reform. His work has included expert testimony in front of both the U.S. Senate and House of Representatives.
Prior to joining Stanford Law School, Siciliano co-founded and served as executive director of the Immigration Outreach Center in Phoenix, Arizona. He has launched and led several successful businesses, including LawLogix Group—named three times to the Inc. 500/5000 list. Siciliano serves as a governance consultant and trainer to board directors of several Fortune 500 companies and is a member of the Academic Council of Corporate Board Member magazine.