Professor Ian Ramsay AO
Redmond Barry Distinguished Professor Emeritus
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Ian Ramsay AO is Redmond Barry Distinguished Professor Emeritus. Professor Ramsay practised law in New York and Sydney and is a member of the Corporations Law Committee of the Law Council of Australia and the Australian Securities and Investments Commission’s Consultative Panel.
Former positions Professor Ramsay has held include Head of the Federal Government inquiry on auditor independence, chair of the independent panel to review the financial system’s external dispute resolution and complaints framework, member of the Takeovers Panel, member of the Australian Securities and Investments Commission's External Advisory Panel, member of the Australian Securities and Investment Commission Enforcement Review Taskforce, member of the Australian Government's Corporations and Markets Advisory Committee, member of the Audit Quality Review Board, member of the Australian Government's Auditors and Liquidators Disciplinary Board, member of the Law Committee of the Australian Institute of Company Directors and member of the International Federation of Accountants taskforce on rebuilding confidence in financial reporting.
Positions Professor Ramsay currently holds or has previously held include:
- Associate Dean, Melbourne Law Masters, Melbourne Law School, University of Melbourne (2005 - 2010 and 2013)
- Dean, Melbourne Law School, University of Melbourne (2002 - 2003)
- Member of the Advisory Committee for the Inquiry by the Australian Law Reform Commission into Corporate Criminal Liability (2019 - 2020)
- Member of the Australian Securities and Investment Commission Enforcement Policies, Processes and Decision-Making Procedures Review (2018 - 2019)
- Chair of the Independent Panel to review the financial system’s external dispute resolution and complaints framework (2016 – 2017)
- Member of the Australian Securities and Investments Commission Enforcement Review Taskforce (2016 – 2017)
- Consultant to the Association of Southeast Asian Countries (ASEAN) and co-author of the report for ASEAN on facilitating equity crowdfunding in ASEAN (2016 – 2017)
- Member of the Capital Markets Advisory Group of the Securities Commission of Malaysia (2013 - 2015)
- Member of the Corporations and Markets Advisory Committee (which was the Federal Government's main corporate law reform advisory body) (2002 - 2014)
- Member of the Takeovers Panel (which is the main forum for resolving takeover disputes) (2000 - 2012)
- Member of the Australian Securities and Investments Commission External Advisory Panel (2009 - 2013)
- Member of the Corporations Law Committee of the Law Council of Australia (1995 to date)
- President of the Society of Corporate Law Academics (2000 - 2001) and member of the Executive Committee of the Society of Corporate Law Academics (1995 - 2014)
- Member of the National Law Committee of the Australian Institute of Company Directors (1995 - 2011)
- Director of the Audit Quality Review Board (2006 - 2009)
- Member of the Federal Government's Companies Auditors and Liquidators Disciplinary Board (2004 - 2013)
- Member of the Appeals Commission of the Federation of International Basketball Associations (2002 - 2014)
- Consultant to the Scrutiny of Acts and Regulations Committee, Parliament of Victoria (2008)
- Member of the Federal Government's Implementation Consultative Committee for the Financial Services Reform Act (2001 - 2005)
- Consultant to the Australian Broadcasting Authority (ABA) and author of the report for the ABA on reform of the ABA's enforcement powers (2004)
- Consultant to the Victorian Government on corporate law reform (2000, 2003 and 2007)
- Consultant to the Parliament of Australia House of Representatives Standing Committee on Economics, Finance and Public Administration (2004)
- Member of the International Federation of Accountants taskforce on rebuilding confidence in financial reporting (2002 - 2003)
- Consultant to the Australian Securities and Investments Commission (ASIC) and author of the report for ASIC on disclosure of fees and charges in superannuation and other managed investments (2002)
- Head of the Federal Government's inquiry on auditor independence (2001)
- Member of the Australian Law Reform Commission's Advisory Committee for its civil and administrative penalties project (2000 - 2002)
- Member of the Australian Securities and Investments Commission's Corporate Governance Roundtable (1998 - 2002)
- Visiting Professor, Faculty of Law, The University of Paris (2008)
- Distinguished Visiting Professor and Professorial Fellow, Faculty of Law, The University of Hong Kong (2001)
- Distinguished Visiting Professor, Faculty of Law, The University of Toronto (1997)
- Member of the Executive Committee of the Business Law Section of the Law Council of Australia (1990 - 1999)
- Consultant to the Australian Law Reform Commission for its managed investments project (1992)
- Deputy Director of the Federal Government's Companies and Securities Advisory Committee where he wrote a number of reports including a report on directors' and officers' insurance (1991 - 1992)
Professor Ramsay is a Fellow of the Australian Academy of Law and a Fellow of the Academy of Social Sciences in Australia.
In 2023 Professor Ramsay was appointed as an Officer (AO) of the Order of Australia. The appointment is for “distinguished service to the law, to regulatory bodies, to tertiary education, and to law reform”.
In 2022 the Council of Australian Law Deans awarded Professor Ramsay the Australian Legal Research Awards Lifetime Achievement Medal. The Medal is awarded for “outstanding contributions to legal research” and “recognises individuals who have made a significant and enduring contribution to legal research”.
Professor Ramsay has published extensively on corporate law, corporate governance and financial regulation issues both internationally and in Australia. His books include: Company Directors: Principles of Law and Corporate Governance (2nd edition, 2023); Ford, Austin and Ramsay's Principles of Corporations Law - which is Australia's leading corporate law book (co-author, 17th edition, 2018); Commercial Applications of Company Law (co-author, 23rd edition, 2022); Incentivising Employees: The Theory, Policy and Practice of Employee Share Ownership Plans in Australia (co-author 2013); Law, Corporate Governance and Partnerships at Work: A Study of Australian Regulatory Style and Business Practice (co-author 2011); Commercial Applications of Company Law in New Zealand (co-author, 5th edition, 2015); Commercial Applications of Company Law in Singapore (co-author, 5th edition, 2015); The Takeovers Panel and Takeovers Regulation in Australia (editor, 2010); Varieties of Capitalism, Corporate Governance and Employees (co-editor, 2008); Commercial Applications of Company Law in Malaysia (co-author, 3rd edition, 2008); Experts' Report in Corporate Transactions(co-author, 2003); Key Developments in Corporate Law and Trusts Law: Essays in Honour of Professor Harold Ford (editor, 2002); Company Directors' Liability for Insolvent Trading (editor, 2000); Securities Regulation in Australia and New Zealand (co-editor, 1998); The Corporate Law Economic Reform Program Act Explained (co-author, 2000); The New Corporations Law (co-author, 1998); Corporate Governance and the Duties of Company Directors (editor, 1997); and Education and the Law (co-author, 1996).
In addition, he has published more than 300 research reports, book chapters and journal articles.
Professor Ramsay's publications have been cited by the High Court of Australia, the Federal Court of Australia, the Courts of Appeal of the Supreme Courts of New South Wales, Victoria, Queensland and Western Australia, as well as by the Full Court of the Supreme Court of South Australia.
His publications have also been cited by courts outside Australia including by the Supreme Court of the United Kingdom, the United States Bankruptcy Court, the Court of Appeal of New Zealand, the High Court of New Zealand, the Court of Appeal of the High Court of Hong Kong, the Court of Appeal of the Supreme Court of Singapore, the High Court of the Supreme Court of Singapore, the High Court of Malaysia and the Scottish Court of Session (the supreme civil court in Scotland).
Professor Ramsay is well known for his policy related research which has been undertaken for the Australian Government, the Australian Securities and Investments Commission, the Australian Communications and Media Authority, the Australian Law Reform Commission and other organisations. This research has resulted in important regulatory changes.
Professor Ramsay is also well known for his empirical research. These projects have included a survey of company directors regarding how they interpret their legal duties; surveys and interviews of senior high school students to ascertain their levels of financial literacy; a survey of listed companies regarding details of their employee share ownership plans; a survey of employees of two major companies regarding why the employees do or do not invest in employee share ownership plans; interviews with institutional investors regarding their interest and involvement in the human resource management practices of companies in which they invest; a survey of young adults regarding their knowledge, behaviour and attitudes about superannuation; a survey of investors regarding their use of prospectuses; a survey of those who have been bankrupt; interviews with financial counsellors who assist debtors in the bankruptcy list of the Federal Circuit Court; a survey of those suffering financial hardship and a survey of financial counsellors who advise those suffering financial hardship; and interviews with enforcement staff of the Australian Securities and Investments Commission regarding their use of civil penalties for contraventions of the Corporations legislation.
Professor Ramsay is one of Australia's most successful academic lawyers in terms of competitive research grants.
Professor Ramsay is a respected commentator in the media on corporate governance, corporate law and financial regulation. He is regularly interviewed in the financial press and has been interviewed for international newspapers including the New York Times. His research has been reported in international newspapers including the Financial Times and the Wall Street Journal. Professor Ramsay has been interviewed on major TV programs such as the 7.30 Report, 4 Corners and Lateline, as well as radio programs including the Law Report and various current affairs programs.
Many of Ian's publications are available on the Social Science Research Network (SSRN).