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

Primary Direct Listings: A Hybrid Approach to a Traditional IPO Alternative

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Sunday, January 24, 2021

Shortly before the end of his tenure as Chair of the Securities and Exchange Commission (SEC), Chair Jay Clayton presided over the SEC as it considered and approved the New York Stock Exchange’s (NYSE) proposed rule change modifying the NYSE’s rules in order to permit, as described below, primary issuances in connection with a direct […]

Click here to read the complete post
Posted in Institutional Investors, Practitioner Publications, Securities Regulation | Tagged , , , , , , , , | Comments Off on Primary Direct Listings: A Hybrid Approach to a Traditional IPO Alternative

Delaware Supreme Court Affirms AmerisourceBergen Ruling that Company Must Produce Documents

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Saturday, January 23, 2021

Last month, the Delaware Supreme Court issued an important decision regarding stockholders’ rights to review the books and records of Delaware corporations. In AmerisourceBergen Corporation v. Lebanon County Employees’ Retirement Fund and Teamsters Local 443 Health Services & Insurance Plan, No. 60, 2020 (Del. 10, 2020), the Delaware Supreme Court, on an interlocutory appeal from the […]

Click here to read the complete post
Posted in Court Cases, Op-Eds & Opinions, Securities Litigation & Enforcement | Tagged , , , , , , , , | Comments Off on Delaware Supreme Court Affirms AmerisourceBergen Ruling that Company Must Produce Documents

Proposed SEC Rule 144 Amendments

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Saturday, January 23, 2021

On December 22, 2020, the Securities and Exchange Commission (the “SEC”) published proposed amendments to Rule 144 under the Securities Act of 1933 (the “Securities Act”). Rule 144 is a safe harbor allowing for public resales of securities without registration under the Securities Act. It includes two separate sets of requirements—one applicable to “control securities” […]

Click here to read the complete post
Posted in Accounting & Disclosure, Institutional Investors, Practitioner Publications, Securities Regulation | Tagged , , , , , , , , | Comments Off on Proposed SEC Rule 144 Amendments

New LBO Practices May Be Warranted Based on the Nine West Decision

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Friday, January 22, 2021

Business headlines have warned of a potential “chilling effect on buyouts” as a result of the decision recently issued by the U.S. District Court for the Southern District of New York in In re: Nine West LBO Securities Litigation (Dec. 4, 2020). Contrary to the views of some other commentators on the decision, we do […]

Click here to read the complete post
Posted in Bankruptcy & Financial Distress, Boards of Directors, Court Cases, Mergers & Acquisitions, Practitioner Publications, Securities Litigation & Enforcement | Tagged , , , , , , , , | Comments Off on New LBO Practices May Be Warranted Based on the Nine West Decision

Coordinated Engagements

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Friday, January 22, 2021

In our recent paper, Coordinated Engagements, we study the nature of and outcomes from coordinated engagements by a prominent international network of long-term shareholders cooperating to influence firms on environmental and social (E&S) issues. We examine the targeting and engagement strategy, success rates and financial outcomes of institutional investors who have coordinated their engagements through […]

Click here to read the complete post
Posted in Academic Research, Corporate Elections & Voting, Corporate Social Responsibility, ESG, Institutional Investors | Tagged , , , , , , , , | Comments Off on Coordinated Engagements

Weekly Roundup: January 15-20, 2021

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Friday, January 22, 2021

CEO Succession Practices in the Russell 3000 and S&P 500 Posted by Matteo Tonello, The Conference Board, Inc., and Jason Schloetzer, Georgetown University, on Friday, January 15, 2021 Tags: Boards of Directors, Diversity, ESG, Executive Compensation, Executive turnover, Management, Manager characteristics, Pay for performance, Succession The Rise of Growth Equity—Connecting PE and VC Posted by Mike Turner and Shing Lo, Latham & Watkins LLP, on Friday, […]

Click here to read the complete post
Posted in Weekly Roundup | Tagged | Comments Off on Weekly Roundup: January 15-20, 2021

Racial Diversity and Investment

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Thursday, January 21, 2021

Racial diversity—iniquity and interdependence Whilst gender diversity has been a growing priority for several years, investors have not approached racial diversity with similar enthusiasm and urgency. In the UK, the Parker Review and Baroness McGregor-Smith’s recommendations urged public policy makers and private organisations to focus on increasing ethnic minority representations on boards in FTSE 100 […]

Click here to read the complete post
Posted in Accounting & Disclosure, Boards of Directors, ESG, Institutional Investors, International Corporate Governance & Regulation, Practitioner Publications | Tagged , , , , , , , , | Comments Off on Racial Diversity and Investment

Performing Equity: Why Court of Chancery Transcript Rulings Are Law

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Thursday, January 21, 2021

Lawyers practicing in the Delaware Court of Chancery or advising Delaware corporations about Delaware corporate law read, inquire about, cite, and disseminate transcript rulings, which are also known as bench rulings. To the practitioner, they are an indispensable tool. They influence our behavior and those of our adversaries. They help predict future litigation outcomes. In […]

Click here to read the complete post
Posted in Academic Research, Court Cases, Securities Litigation & Enforcement | Tagged , , , , , | Comments Off on Performing Equity: Why Court of Chancery Transcript Rulings Are Law

FTC Seeks Information Regarding Companies’ Data Collection, Use, and Advertising Practices

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Thursday, January 21, 2021

On December 14, 2020, the Federal Trade Commission (“FTC”) announced that it was issuing orders under section 6(b) of the FTC Act to nine social media and video streaming companies. The orders require the companies to produce a sweeping amount of information on each company’s worldwide customer base, how the companies collect, use, and present […]

Click here to read the complete post
Posted in Accounting & Disclosure, ESG, Practitioner Publications | Tagged , , , , , , , , , | Comments Off on FTC Seeks Information Regarding Companies’ Data Collection, Use, and Advertising Practices

The Party Structure of Mutual Funds

By Harvard Law School Forum on Corporate Governance and Financial Regulation | Published Wednesday, January 20, 2021

To understand corporate governance in the United States, one must understand the voting behavior of mutual funds. In our paper The Party Structure of Mutual Funds, we develop the first systematic account of the structure of mutual fund preferences over corporate governance. We focus on two basic questions. First, what are the main ways in […]

Click here to read the complete post
Posted in Academic Research, Corporate Elections & Voting, Institutional Investors | Tagged , , , , , , , | Comments Off on The Party Structure of Mutual Funds
Page 145 of 1026
1 … 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 … 1,026