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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 Labor Market for Directors and Externalities in Corporate Governance: Evidence from the International Labor Market
In our recent article titled The Labor Market for Directors and Externalities in Corporate Governance: Evidence from the International Labor Market, forthcoming in the Journal of Accounting and Economics, we examine how the potentially opposing forces created by country level aggregate governance impacts the ability of the labor market for outside directors to align the […]
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Posted in Academic Research, Boards of Directors, Empirical Research, International Corporate Governance & Regulation
Tagged Agency model, Board dynamics, Board turnover, Boards of Directors, Director qualifications, Incentives, International governance, Labor markets
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Letter on Stock Buybacks and Insiders’ Cashouts
Thank you for your December 18, 2018 letter regarding my research on the relationship between stock buybacks and corporate insiders’ stock cashouts—and for your leadership in urging the SEC to ensure that our rules protect investors when public companies buy back stock. I very much appreciate the opportunity to share further details on this work. […]
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Posted in Practitioner Publications, Regulators Materials, Securities Regulation
Tagged Executive Compensation, Incentives, Inside information, Insider trading, Investor protection, Repurchases, Securities regulation, Shareholder value
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As California Goes, So Goes the Nation? The Impact of Board Gender Quotas on Firm Performance and the Director Labor Market
Women are still heavily underrepresented in leadership positions in the U.S. corporate sector. According to the Corporate Women Directors International 2018 report, women hold 21.4% of director positions on the boards of the Fortune Global 200 companies. In As California Goes, So Goes the Nation? The Impact of Board Gender Quotas on Firm Performance and […]
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Posted in Academic Research, Boards of Directors, Comparative Corporate Governance & Regulation, Empirical Research
Tagged Board composition, Boards of Directors, California, Diversity, ESG, Firm performance, Firm valuation, Labor markets, State law
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Weekly Roundup: March 1-7, 2019
Appraisal Litigation in Delaware: Trends in Petitions and Opinions (2006-2018) Posted by David F. Marcus and Frank Schneider, Cornerstone Research, on Friday, March 1, 2019 Tags: Appraisal rights, Delaware cases, Delaware law, DGCL, DGCL Section 262, Fair values, Fairness review, Firm valuation, Merger litigation, Mergers & acquisitions Comment Letter Regarding Mandatory Arbitration Bylaw Proposal at Johnson & Johnson Posted by Jeff Mahoney, Council of Institutional Investors, […]
Click here to read the complete postTop 10 Sustainability Developments in 2018
Investor, regulatory, and corporate interest in environmental, social and governance (ESG) issues seems to be growing by leaps and bounds. If securities lawyers haven’t been springing to attention already, then the arrival of a New Year, and a new proxy season, is a good time to start. Here is a list of the top ten […]
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Posted in Accounting & Disclosure, Institutional Investors, International Corporate Governance & Regulation, Practitioner Publications
Tagged Accounting standards, Climate change, Disclosure, Environmental disclosure, ESG, Institutional Investors, International governance, Materiality, SASB, Sustainability
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Remarks Before the Council of Institutional Investors
Thank you, Mary [Francis], for that kind introduction and for the opportunity to be here today. Before I begin, I will give my standard disclaimer. The comments I make today represent my own views and not necessarily those of the Commission or my fellow Commissioners. I consider it a great honor to have some time […]
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Posted in Corporate Social Responsibility, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Arbitration, Board composition, Boards of Directors, Class actions, Disclosure, Diversity, Dual-class stock, Engagement, ESG, Institutional Investors, SEC, Securities regulation, Shareholder proposals
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The End of “Corporate” Governance: Hello “Platform” Governance
A significant development in the global economy over the last two decades has been the emergence of businesses that define and organize themselves as “platforms.” By platform, we refer to any organization that uses digital and other emerging technologies to create value by facilitating connections between two or more groups of users. Think Amazon, Facebook, […]
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Posted in Academic Research, Comparative Corporate Governance & Regulation
Tagged Cybersecurity, Financial technology, Privacy, Social capital, Social media, Social networks, Tech companies
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Driving the Conversation: Long-Term Roadmaps for Long-Term Success
Despite clear evidence that investors prefer long-term communications focused on a few key drivers of performance, companies remain mired in information demands from all sides. Long-term roadmaps are a form of investor communication that brings together a unified articulation of how a company will create long-term value with the most relevant metrics to track long-term […]
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Posted in Accounting & Disclosure, Institutional Investors, Practitioner Publications
Tagged Accounting, Board communication, Boards of Directors, Engagement, Firm performance, Institutional Investors, Long-Term value, Shareholder value, Short-termism
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