|Born||Harvey Jerome Goldschmid
May 6, 1940
New York City, New York, U.S.
|Died||February 12, 2015
New York City, New York, U.S.
|Fields||Corporation law, securities law|
|Institutions||Columbia Law School|
|Alma mater||Columbia Law School
Harvey Jerome Goldschmid (May 6, 1940 – February 12, 2015) was the Dwight Professor of Law at Columbia Law School. From 2002 to 2005, he served as a member of the Securities & Exchange Commission, where, though a Democrat, often sided with chairman William H. Donaldson. He was also an advisory board member of the Millstein Center for Corporate Governance and Performance at the Yale School of Management.
Role in securities regulation
Goldschmid was recognized as perhaps the most influential SEC Commissioner who did not become the Chairman of the regulatory commission in the agency’s history.
Goldschmid was an advisor and general counsel to SEC Chairman Arthur Levitt. Goldschmid supervised the revision of the pivotal SEC Rule of Practice 102(e) and helped draft Regulation FD. SEC Rule of Practice 102(e)(iv), four paragraphs long, articles “improper professional conduct.”
Goldschmid publicly opposed the confirmation of Bill Webster as the first chair of the Public Company Accounting Oversight Board due to issues with the appointment process. Webster was confirmed by a three-to-two vote over Goldschimd's dissent. Later, both Webster and Chairman Pitt resigned.
During the subsequent chairmanship of Bill Donaldson, the Commission budget was expanded. One issue where Goldschmid differed with Donaldson was over shareholder proxy access.
Goldschmid was one of the reporters on the American Law Institute’s (ALI) Principles of Corporate Governance project. Part IV of this document addressed the business judgment rule and duty of care.
- Borrus, Amy Borrus; McNamee, Mike; Thornton, Emily (2005-06-13). "Donaldson: A Legacy That May Not Last". BusinessWeek.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- "Former US SEC commissioner Harvey Goldschmid dead at 74". reuters.com. February 12, 2015.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Seligman, Joel (2006). "In Honor of Harvey J. Goldschmid" (PDF). Columbia Law Review. p. 1479.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Creswell, Julie (February 13, 2015). "Harvey Goldschmid, Ally of Ordinary Shareholders, Is Dead at 74". New York Times. Retrieved February 13, 2015.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Schmidt, Robert (February 12, 2015). "Harvey Goldschmid, Ex-SEC Commissioner, Scholar, Dies at 74". Bloomberg. Retrieved February 13, 2015.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
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