Weekly Roundup: June 8-June 14, 2018

This roundup contains a collection of the posts published on the Forum during the week of June 8-June 14, 2018.

Shareholder Battles at Telecom Italia

Posted by Federica Soro, Glass, Lewis & Co., on Friday, June 8, 2018

Tags: Boards of Directors, EU, Europe, Institutional Investors, International governance, Italy, Shareholder activism, Shareholder proposals

The Enforceability of Employment Arbitration Agreements

Posted by Robert Atkins, Liza Velazquez and Maria Keane, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Friday, June 8, 2018

Tags: Arbitration, Class actions, DOJ, Labor markets, Supreme Court

Five Key Points from the Financial Regulation Relief Law

Posted by Dan Ryan and Julien Courbe, PricewaterhouseCoopers LLP, on Saturday, June 9, 2018

Tags: Banks, Capital requirements, Federal Reserve, Financial institutions, Financial reform, Financial regulation, Foreign banks, Liquidity, SIFIs, Systemic risk, Volcker Rule

Standing Up for the Retail Investor

Posted by George David Banks and Bernard Sharfman, Main Street Investors Coalition, on Sunday, June 10, 2018

Tags: BlackRock, Boards of Directors, Dual-class stock, ESG, Index funds, Institutional Investors, Investor protection, Management, Mutual funds, Pension funds, Proxy access, Proxy advisors, Shareholder activism, Shareholder voting, Vanguard

Governance of the 25 Largest European Banks a Decade After the Crisis

Posted by Lisa Andersson, Aktis; and Stilpon Nestor, Nestor Advisors, on Monday, June 11, 2018

Tags: Banks, Board composition, Board independence, Board tenure, Board turnover, Boards of Directors, Director compensation, Europe, Financial crisis, International governance, Risk committee, Risk management

Cost of Experimentation and the Evolution of Venture Capital

Posted by Michael Ewens (California Institute of Technology), Ramana Nanda (Harvard Business School), Matthew Rhodes-Kropf (MIT Sloan School of Management), on Monday, June 11, 2018

Tags: Capital formation, Capital markets, Information environment, Innovation, Tech companies, Venture capital firms

Implementation of MFW Standard in New York

Posted by David Berger, Amy Simmerman, and Nate Emeritz, Wilson Sonsini Goodrich & Rosati, on Tuesday, June 12, 2018

Tags: Boards of Directors, Controlling shareholders, Delaware cases, Delaware law, Fairness review, Merger litigation, Mergers & acquisitions, New York, State law

Legislative Threat to Shareholder Rights

Posted by Dimitri T.G. Zagoroff, Glass, Lewis & Co., on Tuesday, June 12, 2018

Tags: Boards of Directors, CHOICE Act, Corporate Governance Reform and Transparency Act, Corporate Social Responsibility, ESG, Institutional Investors, Proxy access, Proxy advisors, Securities regulation, Shareholder proposals, Shareholder voting, US House

Index Fund Stewardship

Posted by Lucian Bebchuk, Alma Cohen, and Scott Hirst (Harvard Law School), on Tuesday, June 12, 2018

Tags: Agency costs, Asset management, Fund managers, Hedge funds, Incentives, Index funds, Institutional Investors, Long-Term value, Mutual funds, Shareholder activism, Shareholder value, Stewardship

Rolling Back the Dodd-Frank Reforms

Posted by Mark V. Nuccio and Richard Loewy, Ropes & Gray LLP, on Wednesday, June 13, 2018

Tags: Banks, Capital requirements, Dodd-Frank Act, Financial institutions, Financial reform, Financial regulation, Liquidity, Systemic risk, Volcker Rule

Stock Buyouts and Corporate Cashouts

Posted by Robert J. Jackson, Jr., U.S. Securities and Exchange Commission, on Wednesday, June 13, 2018

Tags: Executive Compensation, Long-Term value, Repurchases, SEC, Securities regulation, Shareholder value, Taxation

Marking to Market Versus Taking to Market

Posted by Guillaume Plantin (Sciences Po) and Jean Tirole (University of Toulouse & IAST) , on Wednesday, June 13, 2018

Tags: Accounting, Agency costs, Contracts, Fair values, Information environment, Market efficiency, Signaling

Board Ready: Shareholder Activism, Corporate Governance and the Hunt for Long-Term Value

Posted by Sabastian V. Niles, Wachtell, Lipton, Rosen & Katz, on Thursday, June 14, 2018

Tags: Board leadership, Boards of Directors, Capital allocation, Corporate culture, Engagement, ESG, Long-Term value, Management, Proxy, Reporting regulation, Shareholder activism, Sustainability

The Main Street Investors Coalition is an Industry-Funded Effort to Cut Off Shareholder Oversight

Posted by Nell Minow, ValueEdge Advisors, on Thursday, June 14, 2018

Tags: Disclosure, Environmental disclosure, ESG, Index funds, Institutional Investors, Long-Term value, Oversight, Proxy voting, Retail investors, Shareholder proposals, Shareholder voting

The Big Thumb on the Scale: An Overview of the Proxy Advisory Industry

Posted by David F. Larcker (Stanford Graduate School of Business), Brian Tayan (Stanford Graduate School of Business), and James R. Copland (Manhattan Institute), on Thursday, June 14, 2018

Tags: Boards of Directors, Glass Lewis, Institutional Investors, Institutional voting, ISS, Proxy advisors, Proxy voting, Shareholder activism, Shareholder rights, Shareholder voting