Kyushu University Academic Staff Educational and Research Activities Database
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Mark Dalton Fenwick Last modified date:2023.11.22

Graduate School
Undergraduate School

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 Reseacher Profiling Tool Kyushu University Pure
Academic Degree
BA(Hons) M.Phil. Ph.D. (Cambridge) LAW
Country of degree conferring institution (Overseas)
Yes Bachelor Master Doctor
Field of Specialization
Criminology, Transnational Business Law
ORCID(Open Researcher and Contributor ID)
Total Priod of education and research career in the foreign country
Outline Activities
Current activities are: 1. Research on legal issues concerning multinational companies and emerging companies. 2. In charge of various courses at the Faculty of Law. 3. Activities centered on graduate school international programs.
Research Interests
  • White Collar Crime, Corporate Crime and Corporate Culture
    keyword : (1) White Collar Crime (2) Criminology    (3) Corporate governance (4) Business Ethics (5) Compliance
  • Innovation and the Law
    keyword : Innovation Blockchain Corporate Governance
Academic Activities
1. Mark Fenwick, Erik P. M. Vermeulen, Disclosure of Beneficial Ownership After the Panama Papers, Report for the World Bank, Report for the World Bank, 2016.09, [URL], The publication of the so-called “Panama Papers” has focused public interest on how elaborate corporate structures and offshore tax havens can be used by politicians, celebrities and other elites to conceal their beneficial ownership of companies and obscure their personal assets. Rather than taking the Panama Papers as an indication of the need for more and stricter disclosure and reporting rules, however, this report advocates an alternative approach. We need to start by acknowledging that many companies are currently experiencing “disclosure and reporting fatigue”, in which the constant demand for “more” and “better” transparency and reporting is having the unintended effect of promoting indifference or evasiveness. Disclosure and reporting is widely perceived as an obligation to be fulfilled and not as an opportunity to add value to a firm. This is confirmed by the findings of an empirical study that examines how disclosure rules operate in practice across various jurisdictions. The key takeaway of this empirical study is that – even in those jurisdictions that have a robust disclosure regime – the majority of firms engage in “grudging” or “boilerplate” compliance in which ownership and control structures are not adequately revealed in an accessible way and – perhaps more importantly – the impact of these ownership and control structures on the governance of a company are obscured.Rather than focus on introducing more stringent and mandatory disclosure rules, the report advocates an approach based on the current communication strategy of a minority of firms in our sample. Interestingly, a small number of firms engage in what we characterize as “open communication” in which information on control structures and its effect on governance are presented in a direct, accessible and highly personalized manner. Such firms seem to recognize the commercial and other strategic benefits to be gained from open communication, and the paper explores the implications of such an approach for both business and regulators..
1. Mark Fenwick, Erik P M Vermeulen, Wulf Kaal, The “Unmediated” and “Tech-driven” Corporate Governance of Today’s Winning Companies, New York University Journal of Law & Business, 2020.01.
2. Mark Fenwick, Joseph A. McCahery, Erik P M Vermeulen, The End of ‘Corporate’ Governance: Hello ‘Platform’ Governance, European Business Organization Law Review, 10.1007/s40804-019-00137-z, 20, 1, 1, 2019.04.
3. Mark Fenwick, Joseph A. McCahery, Erik P.M. Vermeulen, Fintech and the financing of SMEs and entrepreneurs
From crowdfunding to marketplace lending, The Economics of Crowdfunding Startups, Portals and Investor Behavior, 10.2139/ssrn.2967891, 103-129, 2018.03.
4. Mark Fenwick, Erik P M Vermeulen, Wulf Kaal, Regulation tomorrow: Or, what happens when technology is faster than the law?, American University Business Law Review, 6, 3, 561-594, 2017.11.
1. Mark Fenwick, The Direct Effects of Directives in the EU Legal Order, 2010.08.
2. Mark Fenwick, On the Limits of Balancing Metaphors in Social Regulation, 2010.03.
3. Mark Fenwick, Contemporary trends in corporate crime control, 2010.03.
4. Mark Fenwick, Institutional perspectives on punishing corporations, 2009.09.
5. Mark Fenwick, “Emergency Powers in Japan”, N/A, 2009.08.
6. Mark Fenwick, The moral ambiguity of "white-collar" crime: the case of securities fraud, 2008.08.
7. Mark Fenwick, Contemporary trends in corporate criminal liability, 2008.02.
Membership in Academic Society
  • British Blockchain Association
Educational Activities
I teach undergraduate and graduate classes on the following topics: 1 Business crime. 2 Corporate Compliance. 3. Innovation and the law. 4. Bioethics and the law.

Professional and Outreach Activities
Consultant for Ernst & Young for EU commissioned report on artificial intelligence and the law, 2019-2021.