Demutualization of Stock Exchanges Problems, Solutions and Case Studies

About the Author Shamshad Akhtar is the director of the governance, finance, and trade division of the Asian Development Bank's East and Central Asia department. Roberta S. Karmel is a professor of law and the codirector of the Center for the Study of International Business Law at Brooklyn Law School. She is also a director of the Kemper Insurance Companies. She writes a regular column on securities regulation for the New York Law Journal. Product Description "This examination of the demutualization of stock exchanges outlines the process by which a nonprofit, member-owned mutual organization is transformed into a for-profit shareholder corporation. The general problems this process brings about and how they might be solved are detailed. In particular, this book looks at how regulatory oversight needs to be transferred to a government regulator."