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- Agency conflicts (1)
- Collective action (1)
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- Fees (1)
- Fuel factors (1)
- Fund governance (1)
- Investments (1)
- Jones v. Harris Association L.P. (1)
- Law reform (1)
- Legitimacy (1)
- Mutual funds (1)
- Office of Regulatory Staff (1)
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- South Carolina (1)
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Articles 1 - 2 of 2
Full-Text Articles in Law
Why Governance Might Work In Mutual Funds, Michael C. Schouten
Why Governance Might Work In Mutual Funds, Michael C. Schouten
Michigan Law Review First Impressions
The Supreme Court's recent decision in Jones v. Harris Associates L.P. has highlighted the potential for agency conflicts in mutual funds, whose advisors have the de facto power to award themselves high fees. While the surrounding debate has focused on the extent to which market competition replaces the need for fee litigation, there appears to be a growing consensus that fund governance, through the use of voice, is unlikely to be effective. The use of voice is commonly said to be hampered by collective action problems. More recently, scholars have argued that it is further weakened by the easy availability …
Toward Legitimacy Through Collaborative Governance: An Analysis Of The Effect Of South Carolina's Office Of Regulatory Staff On Public Utility Regulation, William H. Ellerbe
Toward Legitimacy Through Collaborative Governance: An Analysis Of The Effect Of South Carolina's Office Of Regulatory Staff On Public Utility Regulation, William H. Ellerbe
Michigan Telecommunications & Technology Law Review
In 2004 the South Carolina General Assembly instituted a major reform to its system of public utility regulation. Previously, the Public Service Commission, the administrative agency in charge of regulating public utilities, both adjudicated utility proceedings and, through its staff,a advocated for the public interest. A scandal concerning revelations of extensive ex parte communications between regulated utilities and members of the Public Service Commission led to the 2004 reform, which created the Office of Regulatory Staff (ORS) as a separate agency to perform the Commission's advocative functions. In my research, I use data on fuel factor proceedings before and after …