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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
The Single-Owner Standard and the Public-Private Choice
A fundamental question in corporate law is the nature of the stockholders’ ownership interest in the firm. Should a share of stock be viewed as a simple chattel, the value of which can be measured for all purposes by its trading price? Or should it be viewed as a partial claim on the firm as […]
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Posted in Academic Research, Comparative Corporate Governance & Regulation, Mergers & Acquisitions, Securities Litigation & Enforcement
Tagged Capital structure, Delaware articles, Delaware law, Fairness review, Fiduciary duties, Merger litigation, Mergers & acquisitions, Ownership, Property rights
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Statement by Chair Gensler on Re-Proposed Amendments Regarding Exemption from National Securities Association Membership
Today, the Commission unanimously voted to re-propose amendments to Rule 15b9-1 regarding when broker-dealers are required to register with the Financial Industry Regulatory Authority (FINRA). These amendments would cause some of the most active participants in our equity and fixed-income markets to be required to register with FINRA. I was pleased to support these amendments […]
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Posted in Financial Regulation, Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Broker-dealers, Financial regulation, Financial technology, FINRA, High-frequency trading, SEC, Securities regulation
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Regulatory Instability for Proxy Advisory Firms
The latest developments in the SEC regulation of proxy advisory firms are good news for ISS and Glass Lewis, but they are a disappointment for proponents of conscientious and consistent rulemaking. The 2020 updates to proxy advisory rules were the result of a thorough process that was conducted by Commission staff across ten years and […]
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Posted in Corporate Elections & Voting, Institutional Investors, Practitioner Publications, Securities Regulation
Tagged Institutional Investors, Proxy advisors, Proxy voting, SEC, SEC rulemaking, Securities regulation, Shareholder voting
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Remarks by Chair Gensler at Center for Audit Quality “Sarbanes-Oxley at 20: The Work Ahead”
Thank you for the kind introduction. It’s good to be with the Center for Audit Quality. As is customary, I’d like to note I am speaking on behalf of myself and not on behalf of the Commission or the SEC staff. As I open my remarks today, I’d like to discuss a speech from a […]
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Posted in Accounting & Disclosure, Financial Regulation, Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Accounting, Accounting standards, Audits, Disclosure, Enron, FASB, Financial regulation, Sarbanes–Oxley Act, SEC, SEC rulemaking, Securities regulation
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Financial Regulation, Corporate Governance, and the Hidden Costs of Clearinghouses
Recent financial market events have splashed onto the front pages of newspapers the often-overlooked plumbing found in those markets: the clearinghouses that handle trillions of dollars’ worth of securities and derivatives trades. During the Robinhood and GameStop events, the National Securities Clearing Corporation, a securities clearinghouse, played a critical role when it required Robinhood to provide […]
Click here to read the complete postComment by Commissioners Peirce and Uyeda on the Financial Accounting Foundation Draft Strategic Plan
Thank you for the opportunity to comment on the Strategic Plan Draft for Public Comment (“Draft Plan”) of the Financial Accounting Foundation (“FAF”). We share the FAF’s commitment to independent, objective standard-setting for financial accounting and reporting. High quality financial accounting and reporting standards are central to the success of the United States’ capital markets. […]
Click here to read the complete postInclusive Culture and DE&I: Gold Medal Boards Take the Lead
Around the globe, diversity, equity, and inclusion (DE&I) has grown to become a critically important boardroom topic given the increasing focus by legislatures, regulatory bodies, stock exchanges, investors, and the general public. Many of these stakeholders have enhanced their expectations around DE&I because of the growing body of research that shows improving DE&I results in […]
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Posted in Boards of Directors, ESG, Practitioner Publications
Tagged Board composition, Board leadership, Boards of Directors, Corporate culture, Diversity, ESG
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Name That Boon: SEC Proposes Rules on ESG Fund Names & Disclosures
On May 25th, the SEC proposed two rules that seek to provide the market with greater clarity on how funds incorporate ESG factors into their investment activities. While the SEC’s prosed rules are directed at investment companies and mutual funds, other companies are likely to be impacted as well. The proposed rules were also released […]
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Posted in ESG, Institutional Investors, Practitioner Publications, Securities Regulation
Tagged Asset management, ESG, Institutional Investors, SEC, SEC rulemaking, Securities regulation, Sustainability
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Genuine Commitment and Explicit Net Zero Targets
As pressure mounts from stakeholders, sustainability has never been a bigger focus for boards. Investors, lawmakers, regulators, employees, and customers are all focused on sustainability, and often wonder if the board is doing enough to set up the company for long-term success in an increasingly sustainability-minded environment. Around the world—from regulators in Europe to the […]
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Posted in Boards of Directors, ESG, Practitioner Publications
Tagged Board leadership, Boards of Directors, Climate change, ESG, Stakeholders, Sustainability
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