Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation

Chancery Rules on Appraisal Rights for Shares Acquired After the Record Date for Merger Votes

Editor’s Note: This post is by Lawrence A. Hamermesh of the Widener University School of Law. 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. Last Tuesday, Chancellor William Chandler handed down a short but […]

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ALEA Conference Goes Out In Style

This year’s meeting of the American Law and Economics Association, hosted here at Harvard Law, wrapped up today with three different panels featuring the latest scholarship on corporate governance.  Today’s panelists offered papers on hedge funds, stock market efficiency, and executive pay, all cutting-edge subjects for those interested in corporate governance.  For those of you […]

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Day One of the ALEA Conference: Debating Corporate Governance Reform

This weekend the Law School plays host to the annual meeting of the American Law and Economics Association, which offers two days of presentations on the latest work in law and economics scholarship.  This afternoon’s panel on corporate governance reform, hosted by Paul Mahoney, featured papers from top scholars on the dismantling of staggered boards, […]

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Bebchuk’s and Kraakman’s Articles Make the Top Ten List

This year’s list of Ten Best Corporate and Securities Articles, selected by an annual poll of corporate and securities law academics, includes two selections from the Harvard Law faculty: Professors Lucian Bebchuk and Reinier Kraakman.  The articles were selected from a field of 450 pieces, and the selected articles will be reprinted in an upcoming […]

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Does Enforcement Intensity Explain Financial Development?

Classes may have ended here at Harvard, but the Law and Economics Seminar closed the Spring on a high note with a fascinating presentation by John Coffee of his new paper Law and the Market: The Impact of Enforcement.  The central thesis of the paper is that the intensity with which securities laws are enforced, […]

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Posted in Academic Research, Legislative & Regulatory Developments, Program News & Events, Securities Regulation | Tagged , | 1 Comment

Corporate Governance, the Securities and Exchange Commission, and the Limits of Disclosure

Editor’s Note: This post is by J. Robert Brown, Jr. of the University of Denver Sturm College of Law As the Securities and Exchange Commission prepares to hold roundtable discussions on the relationship between proxy rules and state corporation law, it might be worth considering the overall role of the Commission in the corporate governance process.  […]

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Morris Nichols Memorandum on Direct Claims Challenging Controlling-Shareholder Transactions

My colleagues R. Judson Scaggs, William Lafferty, and Jeffrey Wolters of Morris, Nichols, Arsht & Tunnell have prepared this highly insightful memorandum on the Delaware Supreme Court‘s recent en banc decision in Gatz v. Ponsoldt, which held that shareholders may bring direct (as well as derivative) claims to challenge transactions orchestrated by a controlling shareholder. The […]

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The North Dakota Experiment: Bundle Up!

Editor’s Note: This post is by Lawrence A. Hamermesh of the Widener University School of Law. With the able assistance of Bill Clark (one of the finest business legislation drafters around), North Dakota has adopted legislation that permits public companies to opt into a legislative scheme that includes a whole bunch of rules that are reported […]

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Joe Nacchio and SOX

Editor’s Note: This post is by J. Robert Brown, Jr. of the University of Denver Sturm College of Law. I offer in this post some personal observations on the trial and conviction of Joe Nacchio, the former CEO of Qwest Communications, as well as some thoughts about the impact of SOX.  The Race to the […]

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The Myth of the Shareholder Franchise

I recently completed my final revision of a paper on The Myth of the Shareholder Franchise. The paper will come out in the Virginia Law Review later this spring together with responses to it by Martin Lipton, Jonathan Macey, John Olson, Lynn Stout, and E. Norman Veasey. The abstract of the paper is as follows: The power of […]

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