Advisory Board

Lucian Bebchuk

Lucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Bebchuk is also a Research Associate of the National Bureau of Economic Research and Inaugural Fellow of the European Corporate Governance Network.

Trained in both law and economics, Professor Bebchuk holds an LL.M. and S.J.D. from Harvard Law School and an M.A. and a Ph.D. in Economics from the Harvard Economics Department. His research focuses on corporate governance, law and finance, and law and economics. Bebchuk is the author or coauthor of more than one hundred research papers, as well the widely acclaimed book Pay without Performance: the Unfulfilled Promise of Executive Compensation.

Bebchuk has been a frequent contributor to policy-making, practice, and public debate in the fields of corporate governance and financial regulation. He has appeared in hearings and roundtables before the Senate Finance Committee, the Senate Banking Committee, the House of Representatives Committee of Financial Services, and the SEC; has authored numerous op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times; has advised governmental bodies (such as the Special Master on TARP executive compensation during the financial crisis) and publicly traded firms; served on the board of directors of OJSC MMC Norilsk Nickel; and heads the Shareholder Rights Project, a program that has represented public pension funds and charitable organizations in bringing about corporate governance reforms in a large number of publicly traded firms. Recipient of the International Corporate Governance Network’s Award for Excellence in Corporate Governance, Bebchuk was also included in the list of the “100 most influential players in corporate governance” of Directorship, the “100 most influential people in finance” of Treasury & Risk Management, and the list of top 10 ”governance stars” of Global Proxy Watch.


Warren Motley

Warren Motley is a member of Davis Polk’s Corporate Department, focused primarily on domestic and international securities offerings of structured products since 1994. He has extensive experience in the development of new financial products, including various types of synthetic exchangeable securities and other equity-, index-, commodity- and currency-linked products for both retail and institutional investors.

He regularly advises the issuers and designers of structured products on SEC-registered, Rule 144A/Reg. S, Reg. D and 3(a)(2) structured note issuance programs. He was a leader of Davis Polk’s structured product team that won the “Law Firm of the Year – Americas” Award from Structured Products magazine in 2008 and 2010. He is recognized as a leading lawyer in Chambers USA: America’s Leading Lawyers for Business, IFLR1000, and The Legal 500 (United States), where he is identified as “outstanding on all metrics” in structured finance (derivatives and structured products).

He holds a J.D. from Columbia Law School, a Ph.D. from Stanford University, and a B.A. from Harvard College. He is a member of the American Bar Association and the New York City Bar.


Morgan Ricks

Morgan Ricks is an assistant professor of law at Vanderbilt Law School. His focus is on financial regulation. From 2009-10, he was a senior policy advisor and financial restructuring expert at the U.S. Treasury Department, where he focused primarily on financial stability initiatives and capital markets policy. Before joining the Treasury Department, he was a risk-arbitrage trader at Citadel Investment Group, a Chicago-based hedge fund. He previously served as a vice president in the investment banking division of Merrill Lynch & Co., where he specialized in strategic and capital-raising transactions for financial services companies. He began his career as a mergers and acquisitions attorney at Wachtell Lipton Rosen & Katz.

He holds a J.D. from Harvard Law School and B.A. from Dartmouth College.


Mark J. Roe

Mark J. Roe is the David Berg Professor of Law at Harvard Law School. His research focuses on corporate bankruptcy and reorganization, corporate finance, and corporate law. He is the author and coauthor of many books on corporate governance, including Political Determinants of Corporate Governance. He is also frequently comments on business and finance legal issues in the Financial Times, Forbes, and the Wall Street Journal. He holds a J.D. from Harvard Law School and a B.A. from Columbia University.


Elizabeth M. Schubert

Elizabeth M. Schubert is a partner in the Investment Funds, Advisers and Derivatives Practice Group of Sidley Austin LLP.  Her practice is exclusively a buy side derivatives practice. She provides advice to hedge funds and other end users.  Her experience includes over the counter derivatives contracts, central clearing documentation, tri-party custody arrangements, stock lending, prime brokerage and repurchase agreements.  She is part of the Sidley team that acts as outside counsel on derivatives matters for the Managed Funds Association.

Schubert is a frequent speaker on regulatory reform and clearing of derivative transactions, and has also published in this area.


Guhan Subramanian

Guhan Subramanian is the Joseph H. Flom Professor of Law and Business at the Harvard Law School, and the H. Douglas Weaver Professor of Business Law at Harvard Business School. He is the first person in the history of Harvard University to hold tenured appointments at both HLS and HBS.  At HLS, he teaches courses in negotiations and corporate law.  At HBS, he teaches in several executive education programs, such as Strategic Negotiations, Changing the Game, Making Corporate Boards More Effective, and the Advanced Management Program.  He is the faculty chair for the JD/MBA program at Harvard University and the Vice-Chair for Research at the Harvard Program on Negotiation.  Prior to joining the Harvard faculty he spent three years at McKinsey & Company.

Subramanian’s research explores topics in corporate governance and negotiations. He has published articles in the Stanford Law Review, the Yale Law Journal, the Harvard Business Review, and the Harvard Law Review, among other places.  His work has been featured in the Wall Street Journal, the New York Times, the American Lawyer, The Deal, and Corporate Control Alert.  His book Dealmaking: The New Strategy of Negotiauctions (W. W. Norton 2011) synthesizes the findings from his research and teaching over the past decade.  This book has been translated into Chinese (Mandarin), German, Japanese, Portuguese, and Spanish.  He is also a co-author on Commentaries and Cases on the Law of Business Organization (Aspen 4th ed. 2012), a leading textbook in the field of corporate law.


Paul N. Watterson, Jr.

Paul N. Watterson, Jr. is a partner in the New York office and co-head of the Structured Products & Derivatives Group at Schulte Roth & Zabel. He concentrates on structured product and derivative transactions, the formation and representation of credit funds, and capital markets regulation. Schulte Roth & Zabel is widely acknowledged as having the nation’s premiere investment management practice, and Paul advises many private investment funds and other alternative investment vehicles on their transactions in derivatives, portfolios of loans, asset-backed securities and CDOs. He has also been active in the creation of derivative products that reference hedge funds.

A frequent speaker on securitization, derivatives and regulatory issues, Paul is a regular presenter at Structured Credit Investor, American Securitization Forum and other major industry events. He is also widely published, his articles having appeared in Alternative Investment Quarterly, Futures and Derivatives Law Report, Securities & Commodities Regulation, Derivatives Week, Credit and International Financial Law Review, among other publications.

Paul earned his A.B., cum laude, from Princeton University and received his J.D., magna cum laude, from Harvard Law School where he was an Editor of the Harvard Law Review. Paul served as a law clerk to the Honorable Leonard I. Garth, U.S. Court of Appeals for the Third Circuit.


Charles K. Whitehead

Charles K. Whitehead specializes in the law relating to corporations, financial markets, and strategic transactions. After clerking for the Hon. Ellsworth A. Van Graafeiland, U.S. Court of Appeals (2nd Circuit), Whitehead practiced in the United States, Europe, and Asia as outside counsel and general counsel of several multinational financial institutions. Before joining Cornell, he was on the faculty of the Boston University School of Law and was a research fellow at Columbia Law School. His current scholarship focuses on the financial markets, financial regulation, and corporate governance.