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 Fellow of the American Academy of Arts and Sciences, Research Associate of the National Bureau of Economic Research, Inaugural Fellow of the European Corporate Governance Network, and Director of the SSRN 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. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as "[o]ne of the nation's leading scholars of law and economics," who "has made major contribution to the study of corporate control, governance, and insolvency."
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’s papers have appeared in the top academic journals in law, in economics, and in finance. The Social Science Research Network (SSRN) has ranked him first among legal academics of all fields in terms of citations to his work in each of the past five years.
Bebchuk’s work has been recognized by his having been elected to serve as President of the Western Economics Association International, President of the American Law and Economics Association, and Chair of the Business Association Section of the American Association of Law Teachers. His recent awards include the International Corporate Governance Network’s Award for Excellence in Corporate Governance, the Investor Responsibility Research Center Institute’s best academic paper award, and the Marshall Blume prize in financial research.
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; has served on the board of directors of OJSC MMC Norilsk Nickel, the world’s largest producer of nickel and palladium. During 2011-2014, he directed a shareholder rights clinical project that represented public pension funds and charitable organizations in bringing about board declassifications at about 100 S&P 500 and Fortune 500 companies. Bebchuk was 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.