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Program on Corporate Governance Advisory Board
- William Ackman
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier Christine Davine
- Renata J. Ferrari
- John Finley
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
- Joseph Hall
- Jason M. Halper
- Paul Hilal
- Carl Icahn William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino Jonathan Watkins
- Steven J. Williams
- Daniel Wolf
HLS Faculty & Senior Fellows
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
CVS Caremark Adopts My Proposal and Amends its By-laws
Editor’s Note: This post is from Lucian Bebchuk of Harvard Law School. CVS Caremark and I have reached an agreement under which the company adopted a by-law provision limiting the adoption of poison pills. The adopted by-law is based on a shareholder proposal to amend the company’s by-laws that I submitted for the company’s upcoming […]
Click here to read the complete postThe Significance of Mercier v. Inter-Tel
Editor’s Note: This post is from Steven M. Haas of Hunton & Williams LLP. This post is part of the Delaware law series, which is cosponsored by the Forum and Corporation Service Company; links to other posts in the series are available here. I posted previously here on Vice Chancellor Strine’s decision in Mercier v. […]
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Posted in Corporate Elections & Voting, Court Cases, Securities Regulation
Tagged Delaware cases, Delaware law, Mercier v. Inter-Tel, Shareholder meetings
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A Practitioner’s Guide to Electronic Shareholder Forums
Our firm has recently released a Corporate Governance Commentary providing an overview of the recent proxy rule amendments designed to encourage the use of electronic shareholder forums (for convenience, referred to as “e-forums”). The amendments were hastily adopted at a time when most of the attention was on proxy access. While the amendments were intended […]
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Posted in Corporate Elections & Voting, Practitioner Publications
Tagged E-proxy, Proxy voting, Shareholder communications
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Forget Issuer Proxy Access and Focus on E-Proxy
I have just posted a forthcoming Vanderbilt Law Review article on issuer proxy access, Proxy Access in an Era of Increasing Shareholder Power: Forget Issuer Proxy Access and Focus on E-Proxy. The current draft is posted on SSRN here. The abstract is as follows: The current debate over shareholder access to the issuer’s proxy for […]
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Posted in Academic Research, Corporate Elections & Voting, Securities Regulation
Tagged E-proxy, Proxy access, Proxy voting
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Differences in Governance Practices Between U.S. and Foreign Firms
With my co-authors Reena Aggarwal (Georgetown), Isil Erel (Ohio State) and Rohan Williamson (Georgetown), I have recently completed a revision of the paper “Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences.” The paper is available at SSRN. The paper is now forthcoming at The Review of Financial Studies. The paper […]
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Posted in Academic Research, Empirical Research, International Corporate Governance & Regulation
Tagged Firm valuation, Foreign firms, General governance, Internal control
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Bebchuk Ranks First Among Law Professors on SSRN
As indicated in a recent Harvard Law School announcement, statistics released by the Social Science Research Network (SSRN) indicate that, as of the end of 2007, the works of Harvard Law School’s corporate governance scholar Lucian Bebchuk have been downloaded more than the work of any other law professor. His papers have attracted a total […]
Click here to read the complete postNow Publicly Available: SEC’s Executive Compensation Comments and Responses
For the subset of the 350 companies that were both reviewed by the SEC’s Division of Corporate Finance as part of the executive compensation review project and have received one of these “all clear” letters from the Staff, you will soon find the SEC comment letter and the company response posted on the SEC’s EDGAR […]
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Posted in Executive Compensation, Practitioner Publications
Tagged Executive Compensation, SEC
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Tellabs redux
On Thursday, January 17, a Seventh Circuit Court of Appeals panel led by Judge Richard A. Posner handed down the Circuit’s second crack at the “strong inference” standard in the Tellabs matter. Makor Issues & Rights, Ltd. v. Tellabs, Inc., __ F.3d __, No. 04-1687, 2008 U.S. App. LEXIS 975 (7th Cir. Jan. 17, 2008). […]
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Posted in Court Cases, Practitioner Publications, Securities Regulation
Tagged Makor v. Tellabs, Securities fraud, Securities regulation, U.S. federal courts
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How Not to Govern
The recent governance crisis at the Smithsonian Institution came about through a toxic combination of unchecked arrogance by the CEO, a relatively disengaged Board, and a dysfunctional system of checks and balances. The Smithsonian appointed an independent review committee to take an unflinching look at corporate governance practices there. “How Not to Govern,” which was […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Boards of Directors
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A Self Regulation Proposal for the Hedge Fund Industry
In 2003, The Securities Exchange Commission instituted a regulation requiring certain hedge funds, previously unregulated, to register as Investment Advisers. That regulation would have meant that funds would have become subject to an intense compliance inspection program. The SEC’s stated goals in instituting this proposal were to minimize instances of fraud perpetrated by hedge funds. […]
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Posted in Academic Research, Securities Regulation
Tagged Hedge funds, Registration statements, SEC, Securities regulation
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