Michael Klausner (born 1954) is the Nancy and Charles Munger Professor of Business and Professor of Law at

Stanford Law School Stanford Law School (SLS) is the Law school in the United States, law school of Stanford University, a Private university, private research university near Palo Alto, California. Established in 1893, Stanford Law had an acceptance rate of 6.28% i ...

. He has been a member of the Stanford Law School faculty since 1997. He works in the areas of

corporate law Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corpora ...

corporate governance Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may ...

, and

financial regulation Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest consi ...

Education

Klausner graduated summa cum laude from the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

with a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

in Political Science and Urban Studies. He went on to study law at

Yale Law School Yale Law School (YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824. The 2020–21 acceptance rate was 4%, the lowest of any law school in the United ...

, earning a

Juris Doctor A Juris Doctor, Doctor of Jurisprudence, or Doctor of Law (JD) is a graduate-entry professional degree that primarily prepares individuals to practice law. In the United States and the Philippines, it is the only qualifying law degree. Other j ...

with a joint

Master of Arts A Master of Arts ( or ''Artium Magister''; abbreviated MA or AM) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Those admitted to the degree have ...

in Economics. At Yale, Klausner was the Notes and Topics editor for the

Yale Law Journal ''The Yale Law Journal'' (YLJ) is a student-run law review affiliated with the Yale Law School. Published continuously since 1891, it is the most widely known of the eight law reviews published by students at Yale Law School. The journal is one ...

.http://www.law.stanford.edu/display/images/dynamic/people_cv/klausner_cv.pdf

Academic and professional career

After finishing law school in 1981, Klausner clerked for Justice William J. Brennan Jr. of the U.S. Supreme Court and Judge David L. Bazelon of the U.S. Court of Appeals for the District of Columbia Circuit. He then worked as an associate with Paul, Weiss, Rifkind, Wharton & Garrison and Gibson, Dunn & Crutcher. Following his work as a corporate law practitioner, Klausner served as a White House Fellow in the Office of Policy Development under

George H. W. Bush George Herbert Walker BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...

. In 1991, he joined the New York University School of Law faculty as a professor until 1997 when he became a professor at Stanford.

Key works

*Michael Klausner, Outside Director Liability, 58 Stanford Law Review 1055 (2006). (with Bernard Black and Brian Cheffins) *Michael Klausner, Outside Director Liability: A Policy Analysis, 162 Journal of Institutional and Theoretical Economics 5 (2006). (with Bernard S. Black and Brian R. Cheffins) *Michael Klausner, When Time Isn't Money: Foundation Payouts and the Time Value of Money, 41 Exempt Organization Tax Review 421-428 (September 2003). *Robert M. Daines and Michael Klausner, Do IPO Charters Maximize Firm Value? Antitakeover Protection in IPOs, 17 Journal of Law, Economics, & Organization 83-120 (April 2001). *Michael Klausner, Corporations, Corporate Law, and Networks of Contracts, 81 Virginia Law Review 757-852 (1995).

References

{{DEFAULTSORT:Klausner, Michael 1954 births Living people Law clerks of the Supreme Court of the United States Paul, Weiss, Rifkind, Wharton & Garrison people People associated with Gibson Dunn People from Stanford, California Stanford Law School faculty University of Pennsylvania alumni Yale University alumni

Education

Academic and professional career

Key works

See also

References