Weekly Roundup: April 22–April 28, 2016

Weekly Roundup
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This roundup contains a collection of the posts published on the Forum during the week of April 22, 2016 to April 28, 2016.

Endogenous Legal Traditions and Economic Outcomes

Posted by Carmine Guerriero, University of Amsterdam, on Friday, April 22, 2016

Tags: Diversity, Efficiency, Financial Regulation, Globalization, International governance, Labor markets, Legal systems,Market efficiency, Social policies, Stakeholders

Dieckman v. Regency: Limited Partnerships and Fiduciary Duties

Posted by Robert C. Schwenkel, Fried, Frank, Harris, Shriver & Jacobson LLP, on Friday, April 22, 2016

Tags: Boards of Directors, Conflicts of interest, Contracts, Delaware cases, Delaware law, Disclosure, Duty of good faith,Fiduciary duties, Merger litigation, Mergers & acquisitions, Partnerships, Related party transactions, Safe harbor

Brexit: Possible Options and Impact

Posted by Barnabas Reynolds, Shearman & Sterling LLP, on Saturday, April 23, 2016

Tags: Cross-border transactions, EU, Europe, Financial institutions, Financial Regulation, Human rights, International governance, Jurisdiction, Regulators, UK

Key Points from the OCC’s Financial Innovation Paper

Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Sunday, April 24, 2016

Tags: Banks, CFPB, Consumer protection, FDIC, Federal Reserve, Financial institutions, Financial Regulation, Financial Technology, Innovation, Investor protection, OCC, Risk management, Risk oversight

The Governance Gap in Fragmented Markets

Posted by Yesha Yadav, Vanderbilt Law School, on Monday, April 25, 2016

Tags: Algorithmic trading, Capital markets, Conflicts of interest, Dark pools, Equity capital, High-frequency trading,Information asymmetries, Information environment, Liquidity, Market efficiency, NASDAQ, NYSE, Oversight, Systemic risk

SEC Scrutiny of Secondary Market Trading

Posted by Susan S. Muck and Michael S. Dicke, Fenwick & West LLP, on Monday, April 25, 2016

Rollout of Proposed Rule on Incentive Pay

Posted by Heather L. Coleman, Sullivan & Cromwell LLP, on Tuesday, April 26, 2016

Tags: Bank boards, Banks, Boards of Directors, Clawbacks, Compensation regulation, Dodd-Frank s.956, Executive Compensation, Federal Reserve, Financial institutions, Financial Regulation, Incentives, Investment advisers, NCUA,Performance measures, Risk oversight, Risk-taking

Articles by Bebchuk, Coates and Fried Voted to be Among the Top Ten Corporate and Securities Articles of 2015

Posted by Kobi Kastiel, Co-Editor, HLS Forum on Corporate Governance and Financial Regulation, onTuesday, April 26, 2016

Tags: Corporate Practice Commentator, Harvard Law School, Program on Corporate Governance

The Economics and Finance of Hedge Funds

Posted by Vikas Agarwal, Georgia State University, on Wednesday, April 27, 2016

Tags: Asset management, Financial institutions, Financial reporting, Fund managers, Hedge funds, Incentives, Investor horizons, Liquidity, Performance measures, Risk management, Risk-taking, Shareholder activism, Systemic risk

Omnicare, Legal Risk Disclosure and Corporate Governance

Posted by Donald Langevoort, Georgetown University Law Center & Hillary A. Sale, Washington University School of Law, on Wednesday, April 27, 2016

Tags: Boards of Directors, Caremark, Compliance and disclosure interpretation, Delaware law, Director liability,Disclosure, Fiduciary duties, Liability standards, Oversight, Rule 10b-5, Securities Act, Securities fraud, Securities litigation, Securities Regulation, Supreme Court

US Regulators’ Bonus Compensation Proposal

Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Wednesday, April 27, 2016

Tags: Accountability, Bank boards, Banks, Bonuses, Clawbacks, Compensation regulation, Executive Compensation,Financial institutions, Financial Regulation, Foreign banks, Management, Misconduct, NCUA, Restatements, Risk-taking

Preferential Treatment and the Rise of Individualized Investing in Private Equity

Posted by William Clayton, Yale Law School, on Thursday, April 28, 2016

Tags: Capital structure, Compliance & ethics, Conflicts of interest, Disclosure, Fund managers, Incentives, Investor protection, Market efficiency, Private Equity, Securities Regulation, Shareholder value, Special purpose vehicles

Reporting “Up” Obligations

Posted by Michael W. Peregrine & William P. Schuman, McDermott Will & Emery LLP, on Thursday, April 28, 2016

Tags: Accountability, Boards of Directors, Compliance & ethics, Compliance and disclosure interpretation, Confidentiality,Disclosure, Fiduciary duties, General Motors, Inside counsel, Management, Reporting regulation, Risk oversight, SEC,Securities Regulation, SOX

Proxy Access: Developments in Market Practice

Posted by Glen T. Schleyer, Sullivan & Cromwell LLP, on Thursday, April 28, 2016

Tags: Boards of Directors, Charter & bylaws, Investor horizons, No-action letters, Ownership, Proxy access, Proxy voting,Rule 14a-8, SEC, Securities Regulation, Shareholder activism, Shareholder nominations, Shareholder proposals,Shareholder rights, Shareholder voting