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Personal profile


Professor Michelle Welsh is the Head of the Department of Business Law and Taxation and the coordinator of the Ethical Regulation Research Group at the Monash Business School.  Michelle served as President of the Australian Corporate Law Teachers Association in 2015 and 2016. 

Michelle undertakes research in the public enforcement of corporate law, the role of the public regulator and the impact of enforcement on corporate compliance. She is a chief investigator on an ARC Discovery Project with colleagues from the Melbourne Law School on a project entitled Phoenix Activity: Regulating Fraudulent Use of the Corporate Form' (2014-2016). The project seeks to determine the optimal method of dealing with this damaging behaviour through a comprehensive examination of all of its aspects in Australia and a comparative analysis of international responses.

Michelle has published her research widely and has been invited to present at national and international workshops and conferences including: the University of Michigan, the University of British Columbia, Osgoode Hall Law School, the Law Society of Hong Kong, the Hong Kong Institute of Chartered Secretaries and the Hong Kong Securities and Futures Commission. Michelle's PhD thesis, concerning Civil Penalties under the Corporations Act was awarded the Melbourne University Law Faculty prize for the top PhD thesis in 2009. 


  • Corporate Law
  • Corporate Regulation
  • Enforcement and Compliance

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Projects 2014 2017

Phoenix Activity: Regulating Fraudulent Use of the Corporate Form

Welsh, M. A., Anderson, H., O'Connell, A. & Ramsay, I.

Australian Research Council (ARC)


Project: Research

Research Output 1999 2017

Illegal phoenix activity: is a “phoenix prohibition” the solution?

Anderson, H., Hedges, J., Ramsay, I. M. & Welsh, M. 2017 In : Company and Securities Law Journal. 35, 3, p. 184-203 20 p.

Research output: Contribution to journalArticle

Illegal phoenix activity: Quantifying its incidence and cost

Anderson, H., Ramsay, I. & Welsh, M. 2016 In : Insolvency Law Journal. 24, 2, p. 95-110 16 p.

Research output: Contribution to journalArticle

The public enforcement of sanctions against illegal phoenix activity: Scope, rationale and reform

Welsh, M. & Anderson, H. 2016 In : Federal Law Review. 44, 2, p. 201-225 25 p.

Research output: Contribution to journalArticle

Enforcing breaches of directors' duties by a public body and Antipodean experiences

Keay, A. & Welsh, M. A. 2015 In : Journal of Corporate Law Studies. 15, 2, p. 255 - 284 30 p.

Research output: Contribution to journalArticle