Joseph A. Grundfest is the W.A. Franke Professor of Law and Business at Stanford Law School. He is a nationally recognized expert on capital markets, corporate governance, and securities litigation. He founded the award-winning Stanford Securities Class Action Clearinghouse, which provides detailed, online information about the prosecution, defense, and settlement of federal class action securities fraud litigation. He co-directs Directors' College, the nation's leading venue for the continuing professional education of directors of publicly traded corporations, as well as the Arthur and Toni Rembe Rock Center for Corporate Governance and the Stanford Program in Law, Economics, and Business. Before coming to Stanford in 1990, he was a commissioner of the Securities and Exchange Commission and served on the staff of the President's Council of Economic Advisors as counsel and senior economist for legal and regulatory matters.