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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
Busy Directors and Firm Performance: Evidence from Mergers
In my article, Busy Directors and Firm Performance: Evidence from Mergers, forthcoming in the Journal of Financial Economics, I study directors’ concurrent service on boards of multiple companies. More than 20% of directors in S&P1500 companies hold multiple board seats and nearly 85% of S&P1500 firms share at least one director with other S&P1500 firms. […]
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Posted in Academic Research, Boards of Directors, Mergers & Acquisitions
Tagged Board composition, Board dynamics, Board performance, Boards of Directors, Mergers & acquisitions, Overboarding
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Missing Pieces Report: The 2016 Board Diversity Census of Women and Minorities on Fortune 500 Boards
Shifting demographics in the United States have brought diversity to the forefront of issues on the minds of c-suite executives and corporate boards. As the population of the United States continues to diversify, companies may need to determine ways to gain more diversity of thought, experience, and background in both management as well as the […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Board composition, Board dynamics, Boards of Directors, Director qualifications, Diversity
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The Life-Cycle of Dual Class Firms
In our paper, The Life-Cycle of Dual Class Firms, we consider the market valuation of dual class firms over their life cycle. Dual class financing is on the rise in recent years, particularly among high-tech firms, following Google’s seminal 2004 dual-class IPO structure. This financing choice leaves control of the firms in the hands of […]
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Posted in Academic Research, Boards of Directors, Corporate Elections & Voting
Tagged Boards of Directors, Capital structure, Controlling shareholders, Dual-class stock, IPOs, Shareholder voting
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Cybersecurity Risk Management Oversight
Companies are facing not only increasing cyber threats but also new laws and regulations for managing and reporting on data security and cybersecurity risks. Boards of directors face an enormous challenge: to oversee how their companies manage cybersecurity risk. As boards tackle this oversight challenge, they have a valuable resource in Certified Public Accountants (CPAs) […]
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Posted in Accounting & Disclosure, Boards of Directors, Practitioner Publications
Tagged Accounting, Accounting standards, Audits, Boards of Directors, Cybersecurity, External auditors, Financial reporting, Management, Risk, Risk assessment, Risk management, Risk oversight
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Which Antitakover Provisions Matter?
Researchers disagree sharply over which antitakeover provisions affect a firm’s takeover likelihood. Some argue, for example, that poison pills are the only important takeover deterrents, while others claim that classified boards or coverage by business combination laws are. Other researchers argue that golden parachutes deter takeovers, while some contend that they facilitate takeovers. Similarly, there […]
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Posted in Academic Research, Boards of Directors, Empirical Research, Mergers & Acquisitions
Tagged Antitakeover, Boards of Directors, Classified boards, Entrenchment, Hostile takeover, Mergers & acquisitions, Poison pills, Staggered boards, Takeover defenses, Takeovers
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The Middle-Market IPO Tax
Thank you so much, Tom, for that kind introduction. It’s a real honor to be here with you today at the Greater Cleveland Middle Market Forum. In addition to leading some of the Nation’s most promising young companies, you all have done exceptional work making sure that the middle market gets the attention it deserves […]
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Posted in Accounting & Disclosure, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Capital formation, Capital markets, Disclosure, Equity offerings, IPOs, Private firms, SEC, Securities regulation, Small firms, Underpricing, Underwriting
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Weekly Roundup: April 20-26, 2018
Corporate Culture Risk and the Board Posted by Carey Oven, Deloitte & Touche LLP, and Bob Lamm, Deloitte LLP, on Friday, April 20, 2018 Tags: Board monitoring, Board oversight, Boards of Directors, Compliance & ethics, Corporate culture, Disclosure, Management, Risk, Risk management, Risk oversight Lazard’s 1Q 2018 Activism Review Posted by Jim Rossman, Lazard, on Friday, April 20, 2018 Tags: Boards of Directors, Capital markets, ESG, Europe, Hedge funds, Institutional Investors, Institutional voting, International governance, Mergers […]
Click here to read the complete postTestimony before the Financial Services and General Government Subcommittee of the House Committee on Appropriations
Chairman Graves, Ranking Member Quigley and members of the Subcommittee, thank you for the opportunity to testify today on the President’s fiscal year (FY) 2019 budget request for the U.S. Securities and Exchange Commission (SEC). It is an honor to appear before this Committee for the first time, and I would like to thank the […]
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Posted in Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Broker-dealers, Capital formation, Capital markets, Conflicts of interest, Cybersecurity, Disclosure, Fiduciary duties, Investment advisers, Investor protection, Risk management, SEC, Securities regulation
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