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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
Alibaba: A Case Study of Synthetic Control
Alibaba conducted a record-breaking IPO six years ago on the New York Stock Exchange and is now valued at over $500 billion. The firm, founded by Jack Ma and others, is now the most valuable Asian public company, as well as the world’s largest ecommerce company and seventh most valuable firm. In a paper recently […]
Click here to read the complete postFacing the COVID-19 Challenge in Corporate Boardrooms
Corporate directors applaud their companies’ pandemic response thus far—but the work has only just begun The COVID-19 pandemic and its fallout are testing companies like never before. According to our survey of directors, most board members say executives have done a great job of navigating the challenges thrown at them in the early days of […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Boards of Directors, COVID-19, Human capital, Management, Surveys, Virtual meetings
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ESG and Corporate Purpose in a Disrupted World
Even before the world was disrupted by COVID-19 and current events calling for a greater focus on social justice, corporate America was already at an inflection point with respect to its role in society, facing louder and more widespread calls for businesses to consider a broader range of stakeholders. From the groundswell of support for […]
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Posted in Boards of Directors, ESG, Institutional Investors, Practitioner Publications
Tagged Board composition, Boards of Directors, Corporate purpose, COVID-19, Diversity, ESG, Institutional Investors, Stakeholders, Sustainability
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Blindsided by Social Risk: How Do Companies Survive a Storm of Their Own Making?
We recently published a paper on SSRN, Blindsided by Social Risk: How Do Companies Survive a Storm of Their Own Making?, that examines how companies respond to social risk using a proprietary dataset from Marketing Scenario Analytica. Our concept of risk continues to broaden. Historically, risk managers concerned themselves with strategic, operating, and financial breakdowns […]
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Posted in Academic Research, Boards of Directors, Comparative Corporate Governance & Regulation, Corporate Social Responsibility, Empirical Research, ESG
Tagged Boards of Directors, Corporate culture, Corporate Social Responsibility, ESG, Misconduct, Public perception, Reputation, Risk management, Social capital
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A Look Back at Shareholder Activism During the 2020 Proxy Season
The past four months have brought unprecedented change to the capital markets and the world at large. As the global COVID-19 pandemic spread throughout the world, the economic disruption was significant, and a decade-long bull market was transformed almost overnight. The proxy season that has followed has been unlike almost any other, but also reassuringly […]
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Posted in Boards of Directors, Corporate Elections & Voting, Institutional Investors, Mergers & Acquisitions, Practitioner Publications
Tagged Boards of Directors, Institutional Investors, Mergers & acquisitions, Poison pills, Proxy contests, Shareholder activism, Shareholder voting
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Assessing Your Company’s Response to COVID-19
The COVID-19 pandemic has led to the biggest crisis many companies have had to face in their corporate lifetime. Few companies anticipated that something of this scope and size could happen, and most were not prepared for it. Companies reacted to the outbreak either by adapting whatever crisis or continuity plans they had in place, […]
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Posted in Accounting & Disclosure, Boards of Directors, Practitioner Publications
Tagged Board oversight, Boards of Directors, COVID-19, Management, Risk, Risk assessment, Risk oversight, Shocks
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Initial Perspectives and Implications of SEC Proxy Advisory Reform
Today [July 22, 2020], the U.S. Securities and Exchange Commission adopted amendments to the proxy rules governing proxy advisors (e.g., Institutional Shareholder Services (“ISS”) and Glass Lewis), which SEC Chairman Jay Clayton noted are part of the SEC’s on-going efforts to “modernize and enhance the accuracy, transparency and effectiveness of [the] proxy voting system.” He […]
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Posted in Corporate Elections & Voting, Institutional Investors, Mergers & Acquisitions, Practitioner Publications, Securities Regulation
Tagged Conflicts of interest, Institutional Investors, Investment advisers, Proxy advisors, Proxy voting, SEC, SEC rulemaking, Securities regulation, Shareholder activism, Shareholder voting
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Statement by Commissioner Lee on Proposed Summary Shareholder Report
More and more, America’s families save for their children’s education, for their own retirement, and for a host of other purposes by investing their money in mutual funds and relying on the asset management industry to put their money to work. That’s what I have done for my family just as many folks on this […]
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Posted in Accounting & Disclosure, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Asset management, Disclosure, Investor protection, Mutual funds, SEC, SEC rulemaking, Securities regulation
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Comment Letter on Control Shares Statutes and Registered Investment Companies
“You’re supposed to stand for somethin’! You’re supposed to protect people!” Once upon a time, investment companies (“funds”) were only subject to the laws of the state in which they were registered. In a report to Congress, the SEC identified a number of abuses and evils, including funds taking advantage of lax state laws to […]
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