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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 Case for Quarterly and Environmental, Social, and Governance Reporting
Debate has been ongoing for some time now over whether reducing the periodic reporting requirements for companies from quarterly to semiannually could save them time and money. Some people have suggested that reducing the frequency of financial reporting would dissuade short-termism, as companies would no longer focus on meeting analysts’ expectations on a quarterly basis […]
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Posted in Accounting & Disclosure, Practitioner Publications, Securities Regulation
Tagged Disclosure, Earnings disclosure, Environmental disclosure, ESG, Incentives, Information environment, Investor protection, Reporting regulation, SEC, Securities regulation, Transparency
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Working Hard or Making Work? Plaintiffs’ Attorneys Fees in Securities Fraud Class Actions
Concerns about securities class actions typically focus on the low-value cases. These cases settle for relatively small amounts of money, raising concerns that they are motivated by the potential for a nuisance settlement, rather than a desire to target actual fraud. The cases at the other end of the spectrum with settlements of hundreds of […]
Click here to read the complete postDirector Overboarding: Global Trends, Definitions, and Impact
In the 2019 proxy season, “overboarding” became a center-stage issue for many companies and investors. Several large asset managers, including Vanguard, BlackRock, and LGIM, enhanced their voting guidelines to apply stricter criteria, while some directors serving on multiple public company boards faced significant opposition to their elections. The idea that directors should not serve on […]
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Posted in Boards of Directors, Corporate Elections & Voting, Institutional Investors, International Corporate Governance & Regulation, Practitioner Publications
Tagged Board dynamics, Board performance, Boards of Directors, Diversity, Institutional Investors, International governance, Overboarding, Proxy advisors, Stewardship
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Tesla’s Governance Record and ESG Monitoring
Tesla’s innovation and drama make it one of the most-discussed cos in Truvalue universe Tesla is the consummate story stock thanks to its sleek, innovative electric cars, ample stagecraft for product launches, and, of course, outspoken founder and CEO Elon Musk. Tesla is also one of the most controversial companies in the world, thanks to […]
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Posted in Accounting & Disclosure, Boards of Directors, Practitioner Publications
Tagged Accounting standards, Board independence, Boards of Directors, Elon Musk, ESG, Firm performance, Management, Managerial style, Mergers & acquisitions, SASB, Shareholder suits, Social media, Tesla
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Building a Climate Change Voting Policy
While many institutional investors place climate change as a priority issue among their investment stewardship initiatives, it can be especially challenging to systematically incorporate climate change into proxy voting and engagement strategies. Companies’ annual meeting agendas rarely include proposals dealing directly with climate change issues. Only a small minority of companies—typically large firms in energy-intensive […]
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Posted in Accounting & Disclosure, Corporate Elections & Voting, Institutional Investors, Practitioner Publications
Tagged Climate change, Disclosure, Engagement, Environmental disclosure, ESG, Firm performance, Institutional Investors, Institutional voting, Proxy advisors, Proxy voting, Risk disclosure, Shareholder proposals, Sustainability
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Opportunities for Cross Border Cooperation in Regulation of Digital Assets
Thank you, Robby [Greene] , for that kind intro. I am delighted to see that Robby, once my research assistant, has clearly gone on to bigger and better things. I also am delighted to be here in Singapore, by some accounts the global crypto-hub, and appreciate the hospitality of the Singapore University of Social Sciences. […]
Click here to read the complete postA Catch 22 for Asset Managers
Asset managers have been caught in a difficult spot for several years. Some, including me, have pushed them to use their growing voting power to benefit social impact causes. Other experts have decried managers’ power and blamed them for anticompetitive outcomes and even increasing inequality. The big three—BlackRock, State Street, and Vanguard—are victims of their […]
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Posted in Corporate Elections & Voting, Institutional Investors, Practitioner Publications
Tagged Asset management, BlackRock, Diversity, Engagement, Index funds, Institutional Investors, Shareholder voting, SSgA, Transparency, Vanguard
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Weekly Roundup: July 26-August 1, 2019
2019 Proxy Season Review: Part 1—Rule 14a-8 Shareholder Proposals Posted by Marc Treviño, Sullivan & Cromwell LLP, on Friday, July 26, 2019 Tags: Board declassification, Boards of Directors, Charter & bylaws, Director qualifications, Dual-class stock, Institutional Investors, No-action letters, Ownership, Proxy access, Proxy season, Proxy voting, Securities regulation, Shareholder proposals, Shareholder voting, Virtual meetings Recent Ruling on Advance Notice Bylaws Posted by Trevor S. Norwitz and Sabastian V. Niles, Wachtell, Lipton, […]
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Posted in Weekly Roundup
Tagged Weekly Roundup
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