Weekly Roundup: January 12

This roundup contains a collection of the posts published on the Forum during the week of January 12–18, 2018.

Busy Directors and Shareholder Satisfaction

Posted by Wayne R. Guay and Kevin D. Chen (University of Pennsylvania), on Friday, January 12, 2018

Tags: Board composition, Board monitoring, Board performance, Boards of Directors, Director qualifications, Firm performance, Shareholder voting

What the New Tax Rules Mean for M&A

Posted by Deborah L. Paul, T. Eiko Stange, and Joshua M. Holmes, Wachtell, Lipton, Rosen & Katz, on Friday, January 12, 2018

Tags: Cross-border transactions, Executive Compensation, Interest, International governance, Inversions, Mergers & acquisitions, Subsidiaries, Taxation

Paying for Performance in Private Equity: Evidence from VC Partnerships

Posted by David T. Robinson (Duke University), on Saturday, January 13, 2018

Tags: Behavioral finance, Capital formation, Contracts, Due diligence, Fund performance, Incentives, Partnerships, Pay for performance, Private equity, Signaling, Venture capital firms

Remarks at the Inaugural Meeting of the Fixed Income Market Structure Advisory Committee

Posted by Jay Clayton, U.S. Securities and Exchange Commission, on Saturday, January 13, 2018

Tags: Bonds, Capital markets, Debt securities, Derivatives, Equity securities, Liquidity, Municipal securities, OTC derivatives, Retail investors, SEC, Securities regulation

Strict Supervision, Bank Lending and Business Activity

Posted by Joao Granja and Christian Leuz (University of Chicago), on Sunday, January 14, 2018

Tags: Bank loans, Banks, Capital markets, Debt-equity ratio, Depository banking, FDIC, Financial crisis, Financial institutions, Financial reform, Financial regulation, OCC, OTS, Risk management, Securities lending, Thrifts

What Do Investors Ask Managers Privately?

Posted by Eugene F. Soltes and Jihwon Park (Harvard Business School), on Monday, January 15, 2018

Tags: Behavioral finance, Disclosure, Fund managers, Information environment, Inside information, Investor horizons, Management, Managerial style, Regulation FD, Social networks

How Transparent are Firms about their Corporate Venture Capital Investments?

Posted by Sophia J.W. Hamm (The Ohio State University), Michael J. Jung (New York University), and Min Park (The Ohio State University), on Tuesday, January 16, 2018

Tags: Acquisitions, Capital allocation, Disclosure, Financial reporting, Innovation, Private equity, R&D, Venture capital firms

2017 Year in Review: Securities Litigation and Regulation

Posted by Jason Halper, Kyle DeYoung and Adam Magid, Cadwalader, Wickersham and Taft LLP, on Tuesday, January 16, 2018

Delaware’s Prudent Approach to the Cleansing Effect of Stockholder Approval

Posted by William Savitt, Wachtell, Lipton, Rosen & Katz, on Tuesday, January 16, 2018

Tags: Controlling shareholders, Corwin, Delaware cases, Delaware law, Fiduciary duties, Merger litigation, Mergers & acquisitions, Shareholder suits, Shareholder voting, Tender offer

Changes in ISS 2018 Compensation FAQs

Posted by BJ Firmacion and Torie Nilsen, Willis Towers Watson, on Wednesday, January 17, 2018

Tags: Accounting, Boards of Directors, Equity-based compensation, Executive Compensation, Firm performance, Institutional Investors, ISS, Management, Pay for performance, Performance measures, Proxy advisors, Shareholder voting

Network Effects in Corporate Governance

Posted by Sarath Sanga (Northwestern University), on Wednesday, January 17, 2018

Tags: Boards of Directors, Delaware law, DGCL Section 102, Director liability, Duty of care, Fiduciary duties, Firm performance, Incorporations, Information environment, Peer effects, Public firms, State law

Remarks at Ceremonial Swearing In of Commissioners Hester M. Peirce and Robert J. Jackson, Jr.

Posted by Jay Clayton, U.S. Securities and Exchange Commission, on Wednesday, January 17, 2018

Tags: Financial regulation, SEC, Securities regulation

A Sense of Purpose

Posted by Larry Fink, BlackRock, Inc., on Wednesday, January 17, 2018

Tags: Accountability, BlackRock, Board composition, Boards of Directors, Corporate Social Responsibility, Diversity, Engagement, ESG, Index funds, Institutional Investors, Long-Term value, Mutual funds, Stewardship

The New Digital Wild West: Regulating the Explosion of Initial Coin Offerings

Posted by Randolph A. Robinson, II (University of Denver), on Thursday, January 18, 2018

Tags: Blockchain, Cryptocurrencies, Equity offerings, Equity securities, ICOs, SEC, Securities enforcement, Securities regulation

BlackRock Supports Stakeholder Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Thursday, January 18, 2018

Tags: BlackRock, Boards of Directors, Corporate Social Responsibility, Engagement, Institutional Investors, Long-Term value, Mutual funds, Shareholder activism, Shareholder value, Short-termism, Stakeholders

Weekly Roundup: January 12–18, 2018