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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 Christine Davine
- Renata J. Ferrari
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
- Joseph Hall
- Jason M. Halper William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino Jonathan Watkins
- Steven J. Williams
HLS Faculty & Senior Fellows
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
How the Robinhood IPO is Different
Robinhood is a wildly popular discount broker/dealer whose specialty is providing easy entry into the addictive world of day trading for the newcomers it creatively recruits into the exciting world of equity trading. When Robinhood goes public, these new inductees to U.S. capital markets are about to find out how much the playing field is […]
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Posted in Academic Research, Securities Litigation & Enforcement, Securities Regulation
Tagged Capital formation, IPOs, Retail investors, Robinhood, Securities enforcement, Securities regulation, Tech companies
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SEC Examinations Risk Alert: Compliance Issues in ESG investing
The release of this SEC Division of Examination Risk Alert dramatically increases the velocity with which compliance and controls must be expanded to cover ESG-related activity. Firms that engage in ESG investing should review their current compliance controls in light of the compliance weaknesses outlined by the SEC, with particular focus on the accuracy of […]
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Posted in Accounting & Disclosure, ESG, Legislative & Regulatory Developments, Practitioner Publications, Securities Regulation
Tagged Compliance and disclosure interpretation, Disclosure, Environmental disclosure, ESG, Risk, Risk disclosure, SEC, SEC rulemaking, Securities regulation
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Peer Effects in Corporate Governance Practices: Evidence from Universal Demand Laws
Corporations that share board members with other firms tend to have similar corporate governance practices. But this commonality is difficult to interpret. It may reflect peer effects, where governance practices propagate from one firm to another. Alternatively, it may reflect selection effects, where firms with similar preferences self-select into linked groups. Specifically, associations between corporate […]
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Posted in Academic Research, Boards of Directors, Comparative Corporate Governance & Regulation
Tagged Antitakeover, Boards of Directors, Derivative suits, Entrenchment, Interlocking boards, Management, Peer effects, Peer groups, Poison pills, Takeover defenses
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Proxy Preview 2021
Proponents have filed at least 435 shareholder resolutions on environmental, social and sustainability issues for the 2021 proxy season, with 313 pending as of February 19. Securities and Exchange Commission (SEC) staff have allowed the omission of 24 proposals so far in the face of company challenges; companies have lodged objections to at least 74 […]
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Posted in Corporate Elections & Voting, ESG, Institutional Investors, Practitioner Publications
Tagged ESG, Institutional Investors, Institutional Shareholder Services Inc., Proxy advisors, Proxy voting, Shareholder proposals, Shareholder voting
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Corporate Governance Update: “Materiality” in America and Abroad
The concept of materiality is a bedrock feature of American securities law and regulation. It informs the way investors think, talk, and transact, the way lawyers advise their clients, and the way legislators and regulators draft and enforce federal mandates. The working definition of materiality in the United States, which has served corporate America well […]
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Posted in Comparative Corporate Governance & Regulation, ESG, International Corporate Governance & Regulation, Practitioner Publications, Securities Regulation
Tagged Disclosure, Dodd-Frank Act, Environmental disclosure, ESG, Europe, International governance, Materiality, Securities regulation, Stakeholders
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Lazard’s Q1 2021 Review of Shareholder Activism
Posted in Boards of Directors, ESG, Institutional Investors, International Corporate Governance & Regulation, Mergers & Acquisitions, Practitioner Publications
Tagged Boards of Directors, ESG, Institutional Investors, International governance, Mergers & acquisitions, Proxy contests, Shareholder activism, SPACs
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Weekly Roundup: April 23–29, 2021
Recent SPAC Shareholder Suits in New York State Courts: The Beginning Wave of SPAC Litigation Posted by Douglas A. Rappaport, Jacqueline Yecies, and Stephanie Lindemuth, Akin Gump Strauss Hauer & Feld LLP, on Friday, April 23, 2021 Tags: IPOs, Merger litigation, Mergers & acquisitions, New York, Shareholder suits, SPACs, State law Stakeholder Syndrome: Does Stakeholderism Derail Effective Protections for Weaker Constituencies? Posted by […]
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