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2 Bus. L. Memo 1 (1981-1982)

handle is hein.journals/buslwme2 and id is 1 raw text is: Volume 2 Number 1


From the Section Chairman

I am looking forward to my term as Section Chairman. Our
Section has grown to more than 43,000 members. In the coming
year it will have more than 50 committees with several more
The Section is the voice of the business lawyer. Its job is
to serve our various constituencies, which include the public
interest as well as the interests of the profession. Both are
important and both receive the dedicated attention of our
Section's officers, Council members, and committee chairmen
and members. Nan Barry heads up the Section's office at ABA
headquarters in Chicago.
We have moved strenuously in recent years to open up
Section processes and invite the participation of interested
members. We hope to build an increasing awareness that the
Section exists to serve both its constituencies. I will try to be
alert to ways in which we can improve our performance and
welcome the comments and advice of our members.
Although it is not possible to catalog all the areas with
which we will be concerned in the coming year, we will
obviously try to cover all the areas which should engage our
attention. These include developments in professional respon-
sibility, regulatory reform, and being alert to the new chal-
lenges of a modern society.
In  his last report in   the July Business Law Memo,
Chairman Sommer announced the organization of new commit-
tees concerned with health law, consumer finance organizations,
employee benefits, and others. Beyond that, we are planning a
committee to deal with new and changing developments in the
Continued on page 2
Section Activity Reaches Crescendo in New Orleans
Raising Capital for Small Business, a Section program
tracing the development of a fictional corporation from its
inception as a sole proprietorship through its first public
offering, was singled out by a national legal newspaper as one
of the best educational sessions held during the ABA's Annual
Meeting in New Orleans last month. Presented jointly by the
Committees on Corporate Law and Accounting, Federal Regu-
lation of Securities, and Small Business, the program was one of
approximately two dozen educational seminars and 50 com-
mittee and subcommittee meetings convened by the Section in
New Orleans.
Over 2,000 Section members attended, representing almost
25% of the overall ABA registration of 8,300. The fact that
we represent such a high percentage of the entire ABA Annual
Meeting registration reflects the strength and energy of our
Continued on page 6


e  The 1981 - 82 Section Officers
and Council Members. Page 2.
Subcommittee on SEC Practice
and Enforcement Matters
Proposes Rule on Wells
Submissions. Page 3.
o Committee Seeks Unified
Federal Rulemaking for
Consumer Credit. Page 5.
G   Section Council Approves
Specialty Categories. Page 5.
o  Federal Regulation of Se-
curities Committee Discusses
Integration of Disclosure
Requirement. Page 7.
o   Calendar of Upcoming
Section Activities. Page 8.
Section to Establish Privacy
Committee. Page 8.
Reports Available to Section
Members. Page 8.


I                                   ki  6     I  . I  .  111 .

September 1981


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