Lawrence E. Mitchell is John Theodore Fey Research Professor of Law at The George Washington University. His scholarship has focused on the introduction of communitarian concerns and ethical analysis into corporate governance, particularly in the areas of fiduciary obligation and constituency rights. Joel Seligman is Dean of the University of Arizona College of Law. He is coauthor of the leading treatise on securities regulation, and has written the foremost history of the Securities and Exchange Commission. He has, in addition, written widely on issues of securities regulation and corporate governance.