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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
Weekly Roundup: November 13–19, 2020
Decision Making in 50:50 Joint Ventures Posted by Philip Zanfagna, Molly Farber, and James Bamford, Water Street Partners, on Friday, November 13, 2020 Tags: Boards of Directors, Contracts, Corporate forms, Joint ventures, Management, Partnerships, Risk, Shareholder voting Delaware Reaffirms Director Independence Principle in Founder-Led Company Posted by William Savitt, Ryan A. McLeod, and Anitha Reddy, Wachtell, Lipton, Rosen & Katz, on Friday, November 13, 2020 […]
Click here to read the complete postA Sober Look at SPACs
1. Introduction SPACs, or special purpose acquisition companies, have experienced a frenzy of activity and attention over the past year. In 2020, SPACs have already raised as much cash as they did over the entire preceding decade, with two-thirds of this cash raised in just the past three months. Press reports and blog commentary present […]
Click here to read the complete postSEC Division of Enforcement 2020 Annual Report
Introduction The Division of Enforcement’s efforts to deter misconduct and punish securities law violators are critical to protecting millions of investors and instilling confidence in the U.S. securities markets. Each year, the Division recommends, and the Commission brings, hundreds of enforcement actions against individuals and entities for fraud and other misconduct and secures remedies that […]
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Posted in Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation
Tagged Compliance and disclosure interpretation, Disclosure, Investment advisers, Investor protection, Retail investors, SEC, SEC enforcement, Securities enforcement, Securities fraud, Whistleblowers
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Revealing ESG in Critical Audit Matters
It is a pleasure to be attending this virtual conference with investors from around the world. Perhaps, now more than ever, investors need advocates and these forums to discuss and further their perspectives and interests. Before I continue, I should remind you that the views I am expressing today are my own and do not […]
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Posted in Accounting & Disclosure, ESG, Practitioner Publications
Tagged Accounting standards, Audit committee, Audits, Boards of Directors, Climate change, Disclosure, Environmental disclosure, ESG, Sustainability
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Testimony by Chairman Clayton on Oversight of the Securities and Exchange Commission
Chairman Crapo, Ranking Member Brown and Senators of the Committee, thank you for the opportunity to testify before you today about the work of the U.S. Securities and Exchange Commission (SEC or Commission or agency). I am honored to discuss the great work of the women and men of the SEC over the past year […]
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Posted in Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Asset management, Capital formation, Compliance and disclosure interpretation, COVID-19, Diversity, Engagement, Form CRS, Institutional Investors, Investor protection, Retail investors, SEC, Securities enforcement, Securities regulation
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The ESG-Innovation Disconnect: Evidence from Green Patenting
No firm or sector of the global economy is untouched by innovation. In equilibrium, innovators will flock to (and innovation will occur where) the returns to innovative capital are the highest. In our paper, we document a strong empirical pattern in green patent production. Specifically, we find that oil, gas, and energy producing firms—firms with […]
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Posted in Academic Research, Empirical Research, ESG
Tagged Asset management, ESG, Fund managers, Incentives, Innovation, Patents, R&D, Sustainability
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The Rise of the General Counsel
Today’s General Counsel (GC) is viewed as much more than a corporate lawyer. Traditionally seen as the top legal officer of a corporation, General Counsel have taken on greater responsibilities that now entail a mix of strategy and risk management. The current business climate and the COVID-19 crisis have further exacerbated this concept. More than […]
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Posted in ESG, Practitioner Publications
Tagged Compensation ratios, COVID-19, Diversity, ESG, General counsel, Inside counsel
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The Basel Committee’s Initiatives on Climate-Related Financial Risks
Thank you for the invitation to participate in the 2020 IIF Annual Membership Meeting. I am pleased to share my perspective regarding the current regulatory and policy initiatives in the area of sustainable finance. My remarks are being made in my capacity as co-chair of the Task Force on Climate-related Financial Risks (TFCR), which is […]
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Posted in Banking & Financial Institutions, ESG, Financial Regulation, Practitioner Publications
Tagged Banks, Basel Committee, Climate change, Environmental disclosure, ESG, Federal Reserve, Financial institutions, Risk, Sustainability, Systemic risk
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Greenwashing
Responsible investment is an approach to managing assets that sees investors include environmental, social, and governance (ESG) factors in their decisions about what to invest and the role they play as owners and creditors. For investment managers, a popular way to publicly signal one’s commitment to responsible investment is to endorse the United Nations Principles […]
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Posted in Academic Research, Accounting & Disclosure, ESG, Institutional Investors
Tagged Asset management, Climate change, Environmental disclosure, ESG, Greenwashing, Hedge funds, Institutional Investors, Stakeholders, Stewardship, Sustainability
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Financial Reporting and the Financial Reporting Regulators
We are a collection of individuals who have worked in the capital markets for multiple decades. Most of us were original members of the Investors Technical Advisory Committee of the Financial Accounting Standards Board. Our functional roles have been as buy-side and sell-side research analysts, accounting standard-setters and regulators, or accounting academics. All of us […]
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Posted in Accounting & Disclosure, Practitioner Publications, Securities Regulation
Tagged Accounting, Accounting standards, Audits, Disclosure, FASB, Financial reporting, Investor protection, Securities regulation, Transparency
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