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

“What is a Perk” Survey Results

Editor’s Note: This post is by Broc Romanek, TheCorporateCounsel.net In the wake of the adoption of comprehensive new executive compensation disclosure rules by the SEC, which become effective early next year, we conducted an informal What is a Perk survey of the lawyers and other advisors that regularly use CompensationStandards.com to see how they interpret […]

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The Pending NYSE-Euronext Merger and Sarbanes Oxley

An issue that has recieved quite a bit of press in the last several months has been the pending NYSE-Euronext merger.  Many in Europe are concerned that the merger will result in the application of Sarbanes-Oxley (including Section 404) to Euronext-listed companies (actually, companies are listed on the Amsterdam, Lisbon, Paris, and Brussels markets and not […]

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Policy Issues Raised by Structured Products

The Program on Corporate Governance recently issued my discussion paper with Jennifer Bethel, Policy Issues Raised by Structured Products, which will be published in 2007 in the Brookings-Nomura Papers on Financial Services. Our abstract describes the paper as follows: The structured products market has experienced explosive growth in the United States over the last five years. […]

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Lucky CEOs

Yaniv Grinstein, Urs Peyer and I just issued a discussion paper, Lucky CEOs, on option backdating and corporate governance. The study has been covered in the Wall Street Journal, New York Times, Washington Post, Financial Times, and Boston Globe. We are continuing to work on the subject so any comments or reactions would be most […]

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Posted in Academic Research, Empirical Research, Executive Compensation, HLS Research | Tagged , , | 1 Comment

Legal Origins and Modern Stock Markets

The Program on Corporate Governance recently issued my discussion paper, Legal Origins and Modern Stock Markets. The paper will be published in the Harvard Law Review in December 2006. The Abstract is as follows: Legal origin–civil vs. common law–is said in much modern economic work to determine the strength of financial markets and the structure […]

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Executive Compensation in Japan

The Program on Corporate Governance has recently issued a discussion paper by Minoru Nakazato, Eric B. Rasmusen, and myself: Executive Compensation in Japan: Estimating Levels and Determinants from Tax Levels. Our Abstract describes the paper as follows: Most studies of executive compensation have data on pay, but not on total income. Studies of executives in […]

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SEC Tables Consideration of Proxy Access

During the evening of December 6, the Securities and Exchange Commission published its agenda for the open meeting scheduled for December 13, 2006. This past September, in AFSCME v. AIG, the Second Circuit held that shareholders had the right to introduce proposals to adopt proxy access regimes at their corporations. Following the decision, the SEC […]

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Posted in Corporate Elections & Voting, Program News & Events, Securities Regulation | Tagged , , , , | 1 Comment