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Program on Corporate Governance Advisory Board
- William Ackman
- Peter Atkins
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Creighton Condon
- Joan Conley
- Arthur Crozier
- Ariel Deckelbaum
- Deb DeHaas
- John Finley
- Bruce H. Goldfarb
- Joseph Hall
- Jason M. Halper
- Paul Hilal
- Carl Icahn
- Jack B. Jacobs
- Jeffrey Kochian
- Paula Loop
- David Millstone
- Theodore Mirvis
- Morton Pierce
- Philip Richter
- Paul Rowe
- Marc Trevino
- Daniel Wolf
Programs Faculty & Senior Fellows
- Lucian Bebchuk
- Alon Brav
- Robert Charles Clark
- John Coates
- Alma Cohen
- Stephen M. Davis
- Allen Ferrell
- Jesse Fried
- Oliver Hart
- Ben W. Heineman, Jr.
- Scott Hirst
- Howell Jackson
- Wei Jiang
- Reinier Kraakman
- Robert Pozen
- Mark Ramseyer
- Mark Roe
- Robert Sitkoff
- Holger Spamann
- Guhan Subramanian
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
Remarks by Commissioner Peirce on The Role of Asset Management in ESG Investing
Thank you, John [Gulliver] and thanks Hal [Scott] for inviting me to be part of this forum. It is a pleasure to be here with you all today. The views I express are my own and do not necessarily represent those of the Commission or my fellow Commissioners. For that matter, they may not represent […]
Click here to read the complete postThe Friedman Essay and the True Purpose of the Business Corporation
From a practical standpoint, the most significant part of the 1970 Milton Friedman essay in the New York Times was the headline: “The Social Responsibility Of Business Is to Increase its Profits.” For a half-century, that phrase has been used to summarize the essay, and alongside Friedman’s similar views in a 1962 treatise, also used […]
Click here to read the complete postESG + Incentives 2020 Report
Shareholders have increasingly highlighted the importance of measures of social and environmental sustainability as a key component of ESG. The COVID-19 crisis and growing focus on racial inequities will only accelerate the demand for companies to expand their definition of social responsibility to include the broader societal impact of the corporation. In recent years, debates […]
Click here to read the complete postBRT Statement of Corporate Purpose: Debate Continues
A new WSJ op-ed: “‘Stakeholder’ Capitalism’ Seems Mostly for Show” (Lucian Bebchuk and Roberto Tallarita, Harvard Law School Program on Corporate Governance) posits that the corporate CEOs that signed onto the Business Roundtable’s (BRT) updated Statement of Purpose of a Corporation last year appear to have done so primarily to generate positive PR rather than to reflect […]
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Posted in Accounting & Disclosure, Boards of Directors, ESG, Institutional Investors, Practitioner Publications
Tagged Accountability, Boards of Directors, Business Roundtable, Corporate Social Responsibility, ESG, Institutional Investors, Shareholder primacy, Shareholder value, Stakeholders
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Statement by Chairman Clayton on Modernizing the Framework for Business, Legal Proceedings and Risk Factor Disclosures
Good morning. This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act. I would like start today’s meeting by welcoming Commissioner Crenshaw to her first open meeting. Today, we are considering amendments to modernize the description of business, legal proceedings, and risk factor disclosures that companies […]
Click here to read the complete postStatement by Chairman Clayton on Modernization of the Accredited Investor Definition
Today [Aug. 26, 2020], the Commission adopted final rules to modernize and add much needed flexibility to the definition of “accredited investor” by adding new categories of qualifying individuals and entities that have demonstrated financial sophistication such that they should not be excluded from the very large, multifaceted and important private capital markets. The private […]
Click here to read the complete postComment on the Proposed DOL Rule
I am writing regarding the Department of Labor Employee Benefits Security Administration’s proposed rule, Financial Factors in Selecting Plan Investments, Regulatory Identifier Number (RIN) number 1210-AB95. Ceres is a nonprofit organization working with institutional investors and companies to build sustainability leadership and drive solutions throughout the economy. We support the Investor Network on Climate Risk […]
Click here to read the complete postWhat Companies are Disclosing About Cybersecurity Risk and Oversight
Cybersecurity risk is intensifying, particularly with widespread remote working and increased online interactions amid the pandemic. The rapid adaptation of multiple business processes and protocols to enable this virtual environment has exponentially increased the corporate attack surface and introduced new risks to the confidentiality, integrity and availability of critical company data and supporting systems. The […]
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