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Program on Corporate Governance Advisory Board
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier
- Renata J. Ferrari
- Andrew Freedman
- Ray Garcia
- Joseph Hall
- Jason M. Halper William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino
- Steven J. Williams
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
Agency Costs, Charitable Trusts, and Corporate Control: Evidence from Hershey’s Kiss-Off
I recently posted my new article, Agency Costs, Charitable Trusts, and Corporate Control: Evidence from Hershey’s Kiss-Off, with my co-author Jonathan Klick, here. The article offers the first empirical analysis of the agency costs of the charitable trust form and will be published in the Columbia Law Review in Spring 2008. The Abstract explains: In July […]
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Posted in Academic Research, Boards of Directors, Empirical Research, Financial Regulation, HLS Research
Tagged Agency costs, Charitable spending, Control rights, Trusts
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SEC Proposals on Shareholder Proxy Access
Wars have many fronts. The battle lines in the fight between the director-centric and the shareholder-centric models of the world now once again include the SEC, as it considers whether to allow shareholders to use a company’s proxy statement for director nominations. Vigilance is required, and unmasking the true agenda is essential to get to […]
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Posted in Boards of Directors, Corporate Elections & Voting, Practitioner Publications, Securities Regulation
Tagged Proxy access, SEC
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Can Third Parties Be Held Liable for Securities Fraud? Gearing Up for Stoneridge
The National Law Journal recently published Securities Case Has Law Firms on Edge, an assessment of the potentially far-reaching implications of Stoneridge Investment Partners v. Scientific-Atlanta, which will be argued before the Supreme Court of the United States on October 9. The article notes that, in Stoneridge, the Court will decide: “Who, besides the chief […]
Click here to read the complete postDoes Delaware Compete?
This Friday in Wilmington, Delaware, Professor Mark Roe (who has previously posted on our Blog here) will deliver the Francis G. Pileggi Distinguished Lecture in Law. Professor Roe’s talk, Does Delaware Compete?, will describe the competitive setting in which Delaware sets corporate-law standards. The Abstract of Professor Roe’s lecture follows: After a century of academic […]
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Posted in Academic Research, HLS Research, Legislative & Regulatory Developments, Speeches & Testimony
Tagged Delaware law, Delaware legislation, Incorporations
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Vintage Capital and Credit Protection
The fall’s inaugural Seminar in Law, Economics, and Organization this week featured a presentation by Efraim Benmelech on Vintage Capital and Credit Protection, a recent paper coauthored with Nittai Bergman. The paper uses an extensive dataset on the age of aircraft around the world to assess whether creditor protections are linked with increased investment in […]
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Posted in Academic Research, Financial Regulation, Speeches & Testimony
Tagged Debtor-creditor law, Investment banking, Venture capital firms
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The 100 Most Influential Players in Corporate Governance
Directorship magazine has recently published The Directorship 100, a list of the 100 most influential players in corporate governance. The list and the reasons for the inclusion of each member appear in the September issue of the magazine. One of those included on the list is Lucian Bebchuk, Director of our Program on Corporate Governance. […]
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Posted in Program News & Events
Tagged Directorship 100, Directorship Magazine
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Before You Join the Board: The Post-SARBOX Director
Editor’s Note: This post comes to us from Gwendolyn Alexis of Monmouth University‘s Management Department. Even in the post Sarbanes-Oxley era, being tapped to sit on the board of a publicly traded company is a nice line to add to one’s resume; and the broad-based mandate for more diverse boards means that this gem of […]
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Posted in Boards of Directors, Op-Eds & Opinions
Tagged Boards of Directors, Director nominations, Diversity, SOX
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The 10b-5 Loss Causation Requirement: The Implications of Dura
Atanu Saha and I have just released a new paper entitled The Loss Causation Requirement for Rule 10b-5 Causes-of-Action: The Implications of Dura Pharmaceuticals v. Broudo. The article explores the broad range of important issues concerning the loss causation requirement raised by the Supreme Court in the Dura decision. The Abstract explains: In order to have […]
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Posted in Academic Research, Court Cases, HLS Research, Securities Regulation
Tagged Dura Pharmaceuticals v. Broudo, Loss causation, Rule 10b-5
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The SEC, Corporate Governance, and the Non-Access Proposal
Editor’s Note: This post is from J. Robert Brown, Jr. of the University of Denver . The October 2nd deadline is quickly approaching for comments on the SEC’s two proposals on proxy access for bylaw proposals related to shareholder nominations to the board. One proposal would deny shareholder access to the proxy altogether; the other […]
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Posted in Corporate Elections & Voting, Op-Eds & Opinions, Securities Regulation
Tagged Proxy access, Rule 14a-8, SEC
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ABA Study on Private Equity Deal Points
Earlier this month, the Committee on Negotiated Acquisitions of the American Bar Association’s Section of Business Law released the 2007 Private Equity Buyer/Public Target M&A Deal Points Study. I am the Chair of the Committee’s Market Trends Subcommittee which, in association with the Private Equity M&A Subcommittee, compiled the Study. The Study examines key deal […]
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Posted in Mergers & Acquisitions, Practitioner Publications, Private Equity
Tagged Private equity
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