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Anita Anand

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Anita Anand

J.R. Kimber Chair in Investor Protection and Corporate GovernanceDirector of Research and Policy at the Capital Markets InstituteCross-appointed to Rotman School of Management (Finance area) from the Faculty of Law at the University of Toronto


B.A. (Hons Political Studies) - Queen's University (1989)
B.A. (Hons Jurisprudence) - University of Oxford (1991)
LL.B. - Dalhousie University (1992)
LL.M. - University of Toronto (1996)
Called to the Bar of Ontario (1994)




Anita Anand is a Professor of Law and holds the J.R. Kimber Chair in Investor Protection and Corporate Governance. She served as Associate Dean from 2007-2009 and since 2010 has served as the Academic Director of the Centre for the Legal Profession at U of T, leading the development of its Program on Ethics in Law and Business. She is a Senior Fellow and member of the Governing Board, Massey College and is cross-appointed to the University of Toronto's School of Public Policy and Governance.

During the 2009-2010 academic year, Professor Anand was a Visiting Scholar at the Bank of Canada and a Herbert Smith Visitor at the University of Cambridge. In 2005-2006, she was a Canada-U.S. Fulbright Scholar and Visiting Olin Scholar in Law and Economics at Yale Law School. During the Fall 2005, she was a Visiting Lecturer in Law at Yale Law School where she taught comparative corporate governance.

She is the recipient of research grants from the Social Sciences and Humanities Research Council of Canada (three awards), the Law Foundation of Ontario, the Foundation for Legal Research (three awards), the Connaught Foundation as well as the Canadian Association of Law Teachers' Scholarly Paper Award (2003).  In Fall 2004, she received the Queen's Law Students' Society Award for Excellence in Teaching and in Fall 2006, she and co-authors Frank Milne and Lynnette Purda were awarded the Best Paper in Managerial Finance by the International Journal of Managerial Finance for their empirical research relating to corporate governance. 

In 2015, Professor Anand was appointed by Ontario's Minister of Finance to the Expert Committee to Consider Financial Planning Policy Alternatives. She has conducted research for the Five Year Review Committee, the Wise Person's Committee, the Task Force to Modernize Securities Legislation in Canada and the Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182.  She was the inaugural Chair of the Ontario Securities Commission's Investor Advisory Panel (2010-2012) and the president of the Canadian Law and Economics Association (2009-2011). In 2012, she was appointed to the Bertha Wilson Honour Society by the Schulich School of Law for service to the legal profession. Since 2010, she has served on the Chief Justice of Ontario's Advisory Committee on Professionalism. She is the Editor of Canadian Law eJournal, published by the Legal Scholarship Network. Her main research areas relate to the regulation of capital markets with a specific focus on corporate governance, enforcement, capital raising techniques and systemic risk.

Canadian Business Law Blog

Twitter: @AnitaAnand2

Podcast on Cooperative Securities Regulator:


Academic appointments
J.R. Kimber Chair in Investor Protection and Corporate Governance (2016-present)
Fellow-in-Residence, C.D. Howe Institute (2014-present)
Senior Fellow, Massey College (2012-present)
Cross-appointed to the School of Public Policy and Governance (2009-present)
Herbert Smith Visitor, University of Cambridge (2010)
Visiting Scholar, Bank of Canada, Ottawa, Ontario (2009-2010)
Visiting Olin Scholar in Law and Economics, Yale Law School (2005-2006)
Visiting Lecturer in Law, Yale Law School (2005-2006)
Associate Professor, Queen's Law School (2003-2006)
Assistant Professor, Queen's Law School (1999-2003)
Assistant Professor (adjunct), Western Law School (1997-99)
Awards and distinctions
Law Foundation of Ontario Research Award (2016)
Trailblazer Award, CASAL (2013)
Foundation for Legal Research award (2012)
Bertha Wilson Honour Society, Schulich School of Law (2012)
Social Sciences and Humanities Research Council awards (2011, 2006, 2001)
Best Paper in Managerial Finance (with Lynnette Purda and Frank Milne) from the International Journal of Managerial Finance (2006)
Canada U.S. Fulbright Scholar Award (2005-2006)
Queen’s Law Students’ Society Excellence in Teaching Award, Queen’s University (Fall 2004)
Foundation for Legal Research (2004, 2002)
Canadian Association of Law Teachers’ Scholarly Paper Award (2003)
Medal in Political Studies, Queen’s University (1989)
Governor General's Medal (1985)
Other service
Special Advisor to the Board of FAIR Canada (2017)
Member, Governing Board, Massey College and Co-Chair of the Governance Committee (2016-present)
Member, Board of Trustees, Canadian Business Law Journal (2016-present)
Member, Province of Ontario Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives (2015-2016)
Member, National Council, C.D. Howe Institute (2014- present)
Member, Editorial Board, Mowat Centre (2014-present)
Member, Academic Advisory Board, Can. Coalition for Good Governance (2013-present)
Inaugural Chair, Ontario Securities Commission Investor Advisory Panel (2010-2012)
Researcher, Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182 (2006-2007)
Researcher, Task Force to Modernize Securities Legislation in Canada (2006)
Researcher, Five-Year Review Committee (2001-2003)
Other info
Board member and governance committee chair, Lighthouse for Grieving Children (2017-present)
Board member and corporate secretary, Saint Mildred's-Lightbourn School (2014-2016)
Board member, Oakville Hydro Electricity Distribution Inc. (2014-2016)
Board member, Oakville Hospital Foundation (2013-2016)
"Diversity 50" board ready candidate (2012)
Chair and board member, Canadian Museum of Hindu Civilization (2006-2007; 2012-2015)
Articling Student (1992-1993) and Associate Lawyer (1994-1997 with LL.M leave), Torys  
Selected Publications

"An Empirical Analysis of Advance Notice Provisions in Corporate Bylaws: Evidence from Canada" (2017) International Review of Law and Economics (with Michele Dathan).

“Diversity on Boards” (2016) 58:2 Canadian Business Law Journal 165 (with Vijay Jog).

“Offloading the Burden of Being Public: An Analysis of Multi-voting Share Structures” (2016) Virginia Law and Business Review.

 “Shareholder Rights and Directors’ Duties in Takeover Bids” (2015) 61:1 McGill Law Journal.

 “Large Law Firms and Capture: Towards a Nuanced Understanding of Self-Regulation of the Legal Profession" (2015) 92 Canadian Bar Review.

“Is Crowdfunding Bad for Investors?” (2014) 55:2 Canadian Business Law Journal.

“Direct Access in Ontario: A Call to Reexamine” (2014) 18:1 The Labour and Employment Law Journal 123 (with Gita Anand) 

“The Value of Governance” (2013) 6 Rotman International Journal of Pension Management 38-43.

“Private Regulation of Insider Trading in the Shadow of Lax Public Enforcement (and a Strong Neighbor): Evidence from Canadian Firms” (2013) 3: 2 Harvard Business Law Review 215-256 (with Laura Beny).

“Domestic and International Influences on Firm-level governance: Evidence from Canada” (2012) 14 American Law and Economics Review 68-110 (with Frank Milne and Lynnette Purda).

“Was Magna in the Public Interest?” (2012) 49 Osgoode Hall Law Journal 311-332.

“Regulating Financial Institutions: The Value of Opacity” (2012) 57:3 McGill Law Journal399-428 (with Andrew Green).

 “Side-Payments, Opt-ins and Power: Creating a National Securities Regulator in Canada” (2011) 51(1) Canadian Business Law Journal 1-26 (with Andrew Green).

 “An Empirical Examination of the Governance Choices of Income Trusts” (2011) 8:1 Journal of Empirical Legal Studies 110-139 (with Edward Iacobucci).