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Washington and Lee Law Review - Uncategorized

Development

FINAL Symposium Logo

To begin Friday, February 15th, 2019 at 9 a.m.

Millhiser Moot Court Room
Washington and Lee University School of Law
Lexington, VA

The Symposium will feature three panels to explore the past, present, and future of social and environmental shareholder activism. In March of 1968, a civil rights organization, the Medical Committee for Human Rights, received five shares of Dow Chemical Company stock as a gift. Well-known for its work deploying doctors and nurses on the front lines of civil rights protests across the American South, MCHR had no track record of shareholder activism. Within a year, however, MCHR had initiated its first shareholder proposal to stop Dow from manufacturing and selling napalm for military use in the Vietnam War. The activism campaign advanced MCHR’s commitment to civil and human rights, but it also represented an important innovation in shareholders’ use of corporate governance tools. The civil rights group had catalyzed a movement: shareholder activism campaigns on pollution, minority hiring, and apartheid were quickly brought by other shareholders at major U.S. companies like General Motors and Honeywell, Inc. and, over the decades, numerous other campaigns have followed.

Today, shareholder activism on ESG matters is surging. In the 2019 Proxy Season, companies will face shareholder campaigns on economic inequality, human rights, discrimination on the basis of race, gender, and sexual orientation, board and workforce diversity, and executive compensation, to name just a few topics.

Keynote Speaker:

• Lisa M. Fairfax, the Leroy Sorenson Merrifield Research Professor of Law at the George Washington University Law School, will give a public keynote lecture, and a number of highly regarded experts will participate in panel discussions to connect the movement’s origins to the modern era.

 

 

Development

by Russell W. Jacobs

This article proposes a solution to a problem in the cannabis industry resulting from the unavailability of federal trademark registration for that sector. The author offers modest changes to the existing state trademark registration systems to make up for the gaps at the federal level. The proposed reforms would strengthen the trademark framework by conferring on cannabis trademark registrations presumptions of ownership, exclusive rights, and validity beyond the presumption of registration currently afforded under state laws. To extend protection throughout the geographic breadth of the cannabis marketplace, the states with legalized recreational cannabis would offer reciprocal recognition of state cannabis registrations, meaning that one state in the consortium would recognize a registration issued by another consortium member as if it had issued the registration itself. This reciprocity will limit bad-faith adoption of trademarks by those seeking to usurp the goodwill of a cannabis business operating in a different part of the country.

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