Stephen Wallenstein

Professor of the Practice

4414 Van Munching Hall
(301) 405-7177
M.A., Harvard University, J.D., Yale University

Professor Stephen Wallenstein is a recognized expert in corporate governance and best practices for companies in the US and abroad. He is the Director of the Directors’ Institute at the Robert H. Smith School of Business at the University of Maryland, where he is Professor of the Practice of Finance.  From 1998 to 2009 he was a professor at the Fuqua School of Business and Duke Law School, founded the Duke Directors' Education Institute (DEI), and established the Duke Global Capital Markets Center (GCMC), a collaborative venture between Fuqua and Duke Law, serving as its Executive Director.

Professor Wallenstein created the DEI in 2002 to address corporate governance best practices with the support of the NYSE and SEC. The Directors’ Institute brings together senior executive officers and board members of public companies with institutional investors, regulators, policy makers, experts from the legal and financial services industry, and academic authorities.

As a former practicing securities and corporate finance attorney, Professor Wallenstein understands the complexities of global capital markets and the issues facing Fortune 500 companies. He was a member of the Board of Directors and Audit Committee of International Nickel Company (INCO) and its successor company, CVRD – INCO (Canada).

Steve is a frequent presenter at programs for corporate directors. He has lectured to the Boards of Directors of Activision Blizzard, Curtiss Wright, Albemarle, RH Donnelly, VALE, CVRD-INCO (Canada) and Tri-County Financial Corporation on board structure and independence, roles of chairman and lead director, role and duties of the CEO, tone at the top, board committees and director evaluation, and the role of the Board in strategy, risk management and succession planning.  Steve also has substantial expert witness experience..

Professor Wallenstein holds a J.D. from Yale Law School, a M.A. in government from Harvard University where he was a Woodrow Wilson Fellow, and a B.A. from Cornell University, elected to Phi Beta Kappa in his junior year.