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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
The End of the Anonymous Shell Company in the United States
Over a veto of President Trump, on January 1, 2021, the Corporate Transparency Act (“CTA”) went into effect as part of the National Defense Authorization Act (“NDAA”). The CTA, many years in the making, introduces major changes to transparency requirements of entities registered in the United States. No longer can anonymous shell companies, limited liability […]
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Posted in Accounting & Disclosure, Legislative & Regulatory Developments, Practitioner Publications, Securities Litigation & Enforcement, Securities Regulation
Tagged Anti-corruption, Beneficial owners, Corporate forms, Corporate Transparency Act, Disclosure, FinCEN, LLCs, Misconduct, Money laundering, Securities regulation, Transparency
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Don’t Let the Short-Termism Bogeyman Scare You
The current issue of the Harvard Business Review contains an article I wrote entitled Don’t Let the Short-Termism Bogeyman Scare You. The current issue of the Harvard Business Review also includes, as many prior issues have included, an article decrying the perils of short-termism and supporting measures for insulating corporate leaders from the outside pressures […]
Click here to read the complete postCorporate Political Contributions
In the wake of recent events in Washington, D.C., several companies have come under fire for making contributions to candidates who opposed the certification of the U.S. Presidential election. In addition, several large corporations have announced that they are pausing the making of political donations altogether. These actions coincide with a general trend of intense […]
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Posted in Accounting & Disclosure, Corporate Elections & Voting, ESG, Practitioner Publications
Tagged Disclosure, ESG, Institutional Investors, Political spending, Proxy advisors, Shareholder proposals, Shareholder voting, Transparency
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The Ethics of Diversity
This post presents an overview of a recent report from the UK’s Institute of Business Ethics, entitled The Ethics of Diversity, published on 17th December 2020. It is based on comments I made at the webinar to launch the report, of which I am lead author. The Ethics of Diversity provides a practical guide as […]
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Posted in Boards of Directors, ESG, International Corporate Governance & Regulation, Practitioner Publications
Tagged Board composition, Boards of Directors, Diversity, ESG, International governance, Stakeholders, UK
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OFAC Will See You Now
The September Memorandum of Understanding (MOU) entered into between the U.S. Office of Foreign Assets Control (OFAC) and the Delaware Department of Justice (DOJ) could be a game changer for both domestic and foreign corporations. The MOU appears to be the first of its kind ever entered into between OFAC and a state law enforcement […]
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Posted in International Corporate Governance & Regulation, Practitioner Publications, Securities Regulation
Tagged Delaware law, DOJ, Foreign firms, Institutional Investors, International governance, OFAC, Securities regulation
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Corporate Social Responsibility and Imperfect Regulatory Oversight: Theory and Evidence from Greenhouse Gas Emissions Disclosures
September 2020 marked the 50th anniversary of Milton Friedman’s famous New York Times Magazine article, in which he summarized and expanded on an earlier argument that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the […]
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Posted in Academic Research, Corporate Social Responsibility, Empirical Research, ESG
Tagged Climate change, Corporate purpose, Corporate Social Responsibility, Environmental disclosure, ESG, Shareholder primacy, Stakeholders, Sustainability
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The 2021 Boardroom Agenda
Introduction: A year of consequence It seems likely that 2020 will be viewed as one of the most consequential years in recent memory. In addition to dealing with an ongoing global pandemic and the massive economic and social dislocations it caused, the United States has had to address natural disasters such as major hurricanes and […]
Click here to read the complete postLeadership Change at the SEC: What Activists Could Expect
The Biden administration confirmed this week that Gary Gensler, who led the Commodity Futures Trading Commission (the “CFTC”) from 2009 to 2014, will be nominated to head the Securities and Exchange Commission (the “SEC”). A veteran regulator and former Goldman Sachs partner, Mr. Gensler is expected to toughen the previous administration’s approach to regulation and […]
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Posted in ESG, Institutional Investors, Practitioner Publications, Securities Litigation & Enforcement, Securities Regulation
Tagged ESG, Hedge funds, Proxy advisors, SEC, SEC enforcement, Section 13(d), Securities enforcement, Securities regulation, Shareholder activism
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