Weekly Roundup: July 8–July 14, 2016

This roundup contains a collection of the posts published on the Forum during the week of July 8–July 14, 2016.

Deposit Insurance: Savior or Subsidy?

Posted by Charles Calomiris, Columbia Business School, on Friday, July 8, 2016

Tags: Adverse selection, Bank debt, Banks, Capital requirements, Deposit insurance, FDIC, Financial institutions,Financial regulation, Insurance regulation, Liquidity, Moral hazard, Mortgage lending, Public interest, Risk-taking,Systemic risk

Shareholder Proposal Developments During the 2016 Proxy Season

Posted by Elizabeth Ising, Gibson, Dunn & Crutcher LLP, on Friday, July 8, 2016

Tags: Boards of Directors, Charter & bylaws, ESG, Institutional Investors, Institutional voting, Pension funds, Proxy access, Proxy materials, Proxy season, Shareholder activism, Shareholder proposals, Shareholder rights, Shareholder voting

Key Takeaways from the Fed’s 2016 Dodd-Frank Stress Tests

Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Saturday, July 9, 2016

Tags: Banks, Capital requirements, Debt-equity ratio, DFAST, Dividends, Dodd-Frank Act, Federal Reserve, Financial crisis, Financial institutions, Financial regulation, G-SIB, Leverage, Liquidity, Shareholder value, SIFIs, Stress tests,Systemic risk

The New York Banking Regulator’s New AML and Sanctions Rule

Posted by Brad Karp, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Sunday, July 10, 2016

Tags: Bank boards, Banks, Board monitoring, Boards of Directors, BSA/AML, Compliance & ethics, Disclosure, Financial institutions, Financial regulation, International governance, Money laundering, New York, Oversight, Reporting regulation,Risk management, State law

Women on Boards in Finance and STEM Industries

Posted by Renee Adams, University of New South Wales and Tom Kirchmaier, London School of Economics, on Monday, July 11, 2016

Tags: Board composition, Board independence, Board leadership, Board performance, Boards of Directors, Diversity,Management

A Brexit Antitrust Primer

Posted by Paul McGeown, Wilson Sonsini Goodrich & Rosati, on Monday, July 11, 2016

Tags: Antitrust, Brexit, EU, Europe, Forum selection, International governance, Mergers & acquisitions, Securities enforcement, Securities regulation, UK

The Ever-Increasing Importance of the Shareholder Vote

Posted by Jason M. Halper, Orrick, Herrington & Sutcliffe LLP, on Monday, July 11, 2016

Tags: Boards of Directors, Business judgment rule, Delaware cases, Delaware law, Disclosure, Fairness review, Fiduciary duties, Financial advisers, Merger litigation, Mergers & acquisitions, Shareholder suits, Shareholder voting, Tender offer

Scoundrels in the C-Suite

Posted by David Larcker, Stanford Graduate School of Business, on Tuesday, July 12, 2016

Tags: Boards of Directors, Compliance & ethics, Conflicts of interest, Corporate culture, Executive performance,Management, Managerial style, Misconduct, Oversight, Public perception, Stock performance, Termination

Auditor Independence and PCAOB’s Investor-Protection

Posted by Steven B. Harris, Public Company Accounting Oversight Board, on Tuesday, July 12, 2016

Tags: Accountability, Accounting, Accounting standards, Audits, Boards of Directors, Compliance & ethics, Diversity, ESG,External auditors, Financial reporting, Investor protection, Oversight, Securities regulation, SOX, Sustainability,Transparency

The Law and Brexit

Posted by Thomas J. Reid, Davis Polk & Wardwell LLP, on Tuesday, July 12, 2016

Tags: Banks, Brexit, Broker-dealers, ESMA, EU, Europe, Financial institutions, Financial regulation, Financial technology,International governance, Investment banking, Legal systems, MiFID, UK

Earnings Warnings and CEO Welfare

Posted by Ping Wang, Pace University, on Wednesday, July 13, 2016

Tags: Bonuses, Disclosure, Earnings announcements, Earnings disclosure, Executive Compensation, Executive performance, Executive turnover, Firm performance, Management, Pay for performance, Stock options

Proxy Access Momentum in 2016

Posted by Holly J. Gregory, Sidley Austin LLP, on Wednesday, July 13, 2016

Tags: Boards of Directors, Charter & bylaws, Institutional Investors, Ownership, Proxy access, Proxy voting, Shareholder proposals, Shareholder voting

Taking the Ax to Corporate Accountability

Posted by Gary Retelny, Institutional Shareholder Services, Inc., on Wednesday, July 13, 2016

Tags: Accountability, Fiduciary duties, Financial Services Committee, Institutional Investors, Institutional monitoring,Investment advisers, Investment Advisers Act, ISS, Management, Proxy advisors, Proxy materials, Proxy voting,Shareholder voting, US House

Why Do Shareholders Condone Seemingly “Excessive” Executive Pay?

Posted by Martin C. Schmalz, University of Michigan, on Thursday, July 14, 2016

Tags: Antitrust, Engagement, Executive Compensation, Executive performance, Firm performance, Incentives,Institutional Investors, Institutional voting, Management, Mutual funds, Pay for performance, Shared ownership

HSR Violation Penalties More Than Doubled by FTC

Posted by Ronan P. Harty, Davis Polk & Wardwell LLP, on Thursday, July 14, 2016

Tags: Antitrust, Disclosure, FTC, Hart-Scott-Rodino Act, Securities enforcement, Securities regulation

Four Takeaways from Proxy Season 2016

Posted by Ann Yerger, EY Center for Board Matters, Ernst & Young LLP, on Thursday, July 14, 2016

Tags: Board composition, Board leadership, Boards of Directors, Engagement, ESG, Executive Compensation,Institutional Investors, Proxy access, Proxy disclosure, Proxy season, Say on pay, Shareholder proposals, Succession