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RIETI-CARF Policy Symposium

What Financing Mechanisms and Organizations of Business Entities Best Facilitate Innovation?

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Merritt B. FOX

Michael E. Patterson Professor of Law, Columbia University School of Law

Dr. Fox is Michael E. Patterson Professor of Law at Columbia Law School. He is a graduate of Yale College and Yale Law School. He also received a Ph.D. in Economics from Yale University. His academic interests are in the areas of Corporate and Securities Law, Law and Economics, and International Securities Regulation and Comparative Corporate Law.

Dr. Fox practiced law with the New York City firm of Cleary, Gottlieb, Steen & Hamilton. Before joining the Columbia Law School faculty in 2003, he was at the University of Michigan Law School, where he was most recently the Alene and Allan F. Smith Professor of Law and Faculty Director of the school's Center for International and Comparative Law. He is past Chair of the Business Association section of the American Association of Law Schools.


Léo GOLDSCHMIDT

Honorary Managing Partner, Bank Degroof / Director, European Corporate Governance Institute (ECGI)

Mr. Goldschmidt is a graduate of the Solvay Business School of Brussels University. A banker (1955-1989), he also spent four years at the International Atomic Energy Agency (IAEA) in Vienna and taught Finance and Banking at Brussels and other universities. Managing Partner (1970-1989) of Banque Degroof, Belgium's leading merchant bank, he also chaired the Belgian Banks Association, and was a Director of companies, associations and public institutions. Mr. Goldschmidt continues to hold independent directorships. After chairing the Corporate Governance Committee of the European Association of Securities Dealers (EASD) and serving as a Governor of the International Corporate Governance Network (ICGN), he pursues activities in corporate governance, lecturing world wide and participating in the OECD Corporate Governance Task Force, in World Bank-OECD Round Table work and in ECGI . He endowed his university with a Chair on Corporate Governance.


HISATAKE Masato

Senior Fellow, RIETI

Since joining the Ministry of International Trade and Industry (MITI) in 1982, Dr. Hisatake has held various positions including Director of the Research and Analysis Division, Trade Policy Bureau, and Director for International Petroleum Affairs at the Agency for Natural Resources and Energy. He was also Associate Professor at Kyoto University's Institute of Economic Research. Dr. Hisatake holds a Ph.D. in Economics from Kyoto University.


ICHIKAWA Masakazu

Director, Industrial Finance Division, Economic and Industrial Policy Bureau, METI

After joining the Ministry of International Trade and Industry (MITI) in 1983, Mr. Ichikawa was affiliated with Harvard University's Center for International Affairs (1991), and assigned to Niigata Prefecture as Director of Industrial Promotion (1994), Director of Electric Power Station Development, Director of the Moscow Office of Japan National Oil Corporation (1998), Director for Russia-NIS (2001) and Director of the Trade Insurance Division (2003) at METI.


KOBAYASHI Takao

Faculty Fellow, RIETI / Professor, Faculty of Economics, The University of Tokyo

Dr. Kobayashi graduated from the Faculty of Engineering, The University of Tokyo. He received his Ph.D. from the Graduate School of Business, Stanford University. After working as a Research Fellow at Harvard Business School, he went on to work as an Associate Professor and later as Professor in the Faculty of Economics, The University of Tokyo. He assumed his current position of Professor at the Graduate School of Economics in 1996. Dr. Kobayashi also served at the University of California, Berkeley and Korea University as Visiting Professor. He currently serves as Deputy Director as well as Chairman of the Steering Committee of CARF.


Joseph A. McCAHERY

Professor, Faculty of Law, Department of Private Law, University of Tilburg / University of Amsterdam

Dr. McCahery holds the Chair in Corporate Governance and Business Entrepreneurship -- established by the Dutch Ministry of Economic Affairs -- at the University of Amsterdam. He is also Professor of International Business Law at Tilburg University and Goldschmidt Visiting Professor of Corporate Governance at the Solvay Business School of the University of Brussels. He teaches courses on Banking and Securities Regulation, Corporate Law, and Corporate Governance. He has published widely on topics in Banking and Securities Law, Corporate Law, the Political Economy of Federalism, and Tax.


OIKAWA Kozo

Chairman, RIETI

Prior to his current position, Mr. Oikawa served as Senior Executive Director, Development Bank of Japan (2003-'05); Advisor, Nomura Research Institute, Ltd. (2002-'03); Research Counselor, TEPIA (2002-'03); Commissioner, Japan Patent Office; Director-General, Bureau of Equipment, Japan Defense Agency; Director-General for Policy Coordination, Minister's Secretariat; Councilor, Cabinet Secretariat; Deputy Director-General for Security Export Control, International Trade Administration Bureau; Director, Coordination Division, Bureau of Equipment, Japan Defense Agency; Director, Small Enterprise Policy Division, Small and Medium Enterprise Agency; Counselor, Japanese Mission to European Community, Ministry of Foreign Affairs; Director, Paper, Pulp & Printing Division, Consumer Goods Industries Bureau. Mr. Oikawa graduated from The University of Tokyo with a B.A. in Economics.


Ronnie QUEK CHENG CHYE

Partner, Corporate & Commercial, Allen & Gledhill

Mr. Quek Cheng Chye is a Partner of Allen & Gledhill, Singapore. His areas of practice include Corporate Mergers and Acquisitions, Corporate Restructuring and Insolvency, Telecommunications, Power and Infrastructure and Business and Hotel Management. He was a Council Member of the Law Society of Singapore from 1999 -2004 and was Vice President of the Law Society of Singapore in 2003. He was a member of the Accounting Standards Committee of the Institute of Certified Public Accountants of Singapore from 2002 -' 04. He has been a member of the Business Conduct Committee of Singapore Exchange Derivatives Trading since 1997 and a Co-chair of the Singapore Ministry of Finance study team on limited liability partnerships and limited partnerships.


SAITO Jun

Executive Staff, Nikon Corporation / Research Fellow, RCAST, The University of Tokyo

After graduating from the Faculty of Engineering at The University of Tokyo, Dr. Saito joined Nippon Kogaku (presently Nikon Corporation) in 1982, where he engaged in R&D of Exchange Coupled Magneto-Optical Disk Memory until 2000. He is currently researching LLC System Theory and Semiconductor Lithography. He has served as General Research Manager at the Extreme UltraViolet Lithography System Development Association (EUVA). He received his Ph.D. in Engineering from The University of Tokyo in 1995.


TAKAHASHI Fumio

Professor, Graduate School of International Management, Aoyama Gakuin University

Mr. Takahashi is Professor at the Graduate School of International Management of Aoyama Gakuin University. Previously he served as Professor at Chuo University, Director of UAM Japan and Director of CSK Venture Capital. He also worked at the Nomura Research Institute and the Nomura School of Advanced Management. He is a Chartered Member of the Security Analyst Association of Japan and a Chartered Financial Analyst (CFA). He holds a B.A. from The University of Tokyo and an M.B.A. from the Wharton School of the University of Pennsylvania.


TANAKA Wataru

Associate Professor, Faculty of Law, Seikei University

Before assuming his current post as Associate Professor of Law at Seikei University, Mr. Tanaka received his L.L.B. from The University of Tokyo, 1996; and was a Visiting Scholar, Yale University Law School, 2002- '04. He previously served as Research Fellow, The University of Tokyo Graduate Schools for Law and Politics, 1996-'99; and Assistant Professor of Law, Seikei University, 1999-2002 . His areas of expertise include Commercial Law, Corporate Law, and Law and Economics.


UEDA Kazuo

Professor and Dean of the Graduate School of Economics, The University of Tokyo

Dr. Ueda graduated from the School of Science, The University of Tokyo. He received his Ph.D. from the Massachusetts Institute of Technology (MIT). After working as an Assistant Professor at the University of British Columbia, he went on to work at Osaka University as an Assistant Professor, and served as an Assistant Professor and later as a Professor in the Faculty of Economics, The University of Tokyo in 2005. Has also served as Chief Economist, Institute of Fiscal and Monetary Policy at the Ministry of Finance and as a Member of the Policy Board at the Bank of Japan.


UEDA Masako

Assistant Professor of Finance and Principal Faculty of INSITE, University of Wisconsin-Madison

Dr. Ueda is an Assistant Professor of Finance and a principal faculty member at INSITE (Initiatives for Studies in Technology Entrepreneurship) at the University of Wisconsin at Madison. She is also a Research Affiliate of CEPR (Centre for Economic Policy Research), London. She studies Venture Capital, New Firm Start ups, and Managerial Compensation. Her work has been published in Management Science, Journal of Finance, Journal of Political Economy, Journal of Economic Theory, and Journal of Economics. She teaches courses in Corporate Finance, Entrepreneurial Finance, and International Finance. She received her M.A. and Ph.D. in Economics from The University of Tokyo.


Erik P.M. VERMEULEN

Professor, Faculty of Law, Department of Business Law, University of Tilburg

Dr. Vermeulen is Professor of Law and Management at Tilburg University Faculty of Law and Legal Counsel at Philips International BV. He teaches Corporate Law, Venture Capital and International Business Transactions and has written widely on topics in Corporate Law, Corporate Governance, Partnership Law, Securities Regulations, Joint Ventures and Venture Capital.

He is author of The Evolution of Legal Business Forms in Europe and the United States (Kluwer, 2003). He is the recipient of SNS Bank Prize for the best Ph.D. dissertation in 2003.


YANAGAWA Noriyuki

Faculty Fellow, RIETI / Associate Professor of Faculty of Economics, The University of Tokyo

Dr. Yanagawa graduated from Keio University and went on to receive his Master's and Doctoral degrees at the Graduate School of Economics, The University of Tokyo. After serving as an Associate Professor at Keio University, he joined the Graduate School of Economics at The University of Tokyo as an Associate Professor in 1996.

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