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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
Informed Trading and Cybersecurity Breaches
A key pillar of the digital economy—the ease of accessing/copying/distribution at large scale—is frequently also its Achilles Heel, in the form of cybersecurity risk. The massive and cataclysmic data breach of Equifax in September 2017, compromising highly confidential information of tens of millions of clients (including Social Security numbers), is hardly the first of its […]
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Posted in Academic Research, Accounting & Disclosure, Securities Litigation & Enforcement, Securities Regulation
Tagged Cybersecurity, Disclosure, Information asymmetries, Information environment, Inside information, Insider trading, Market reaction, Securities enforcement, Securities regulation
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Corporate Governance Update: Boards, Sexual Harassment, and Gender Diversity
In light of recent events, corporate directors may consider adding an item to the agenda for their next board meeting: the issue of potential sexual misconduct at the company. A recent study indicates that the topic would be new for most public company boards, notwithstanding the fact that it relates to key elements of board-level […]
Click here to read the complete postWeekly Roundup: January 19–25, 2018
The Significance for Boards and Managements of the JANA/CalSTRs Letter to Apple Posted by Ethan A. Klingsberg, Cleary Gottlieb Steen & Hamilton LLP, on Friday, January 19, 2018 Tags: Boards of Directors, CalSTRS, Corporate Social Responsibility, ESG, Hedge funds, Institutional Investors, Pension funds, Shareholder activism, Shareholder proposals, Shareholder voting Letter from JANA Partners & CalSTRS to Apple, Inc. Posted by Anne Sheehan, California State Teachers’ Retirement […]
Click here to read the complete postSay on Pay: Is It Needed? Does it Work?
There is little need for shareholder oversight of executive pay if directors do a good job providing oversight themselves or have strong incentives to do a good job. In this article, we’ll show that there is substantial evidence that directors do a poor job overseeing executive pay and that directors have weak incentives to pursue […]
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Posted in Academic Research, Boards of Directors, Corporate Elections & Voting, Empirical Research, Executive Compensation
Tagged Board performance, Boards of Directors, Executive Compensation, Executive performance, Incentives, Management, Pay for performance, Proxy advisors, Say on pay, Shareholder value, Shareholder voting, TSR
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Bebchuk Leads SSRN’s 2017 Citation Rankings
Statistics released publicly by the Social Science Research Network (SSRN) indicate that, as of the end of 2017, Professor Lucian Bebchuk continued to lead SSRN citation rankings for law professors. Bebchuk ranked first among all law school professors in all fields in terms of the total number of citations to his work. Bebchuk has led the SSRN citation rankings […]
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Posted in HLS Research, Program News & Events
Tagged Lucian Bebchuk, Program on Corporate Governance, Rankings, SSRN
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Remarks on Securities Market Regulation
Good afternoon everyone. Thank you all for coming and contributing to a very lively discussion about how today’s companies interact with their shareholders. In particular, I want to thank our host, the NYU Salomon Center for the Study of Financial Institutions, because so much work goes into hosting events like today’s. I also would like […]
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Posted in Boards of Directors, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Boards of Directors, Corporate forms, Engagement, SEC, Securities regulation, Shareholder voting
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Engagement—Succeeding in the New Paradigm for Corporate Governance
The accelerated interest in sustainability, ESG, corporate social responsibility and investment for long-term growth and value creation (the new paradigm) as most cogently exemplified by Value Act’s newly formed Spring Fund focusing on promoting environmental and social goals of the companies in which it invests; by the promotion by the World Economic Forum of The […]
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Posted in Boards of Directors, Institutional Investors, Practitioner Publications, Securities Regulation
Tagged BlackRock, Boards of Directors, Corporate Social Responsibility, Engagement, ESG, Institutional Investors, Long-Term value, Mutual funds, Shareholder proposals, Shareholder voting, Sustainability
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Doubling Down on Two-Degrees: The Rise in Support for Climate Risk Proposals
[Last week], BlackRock CEO Larry Fink released his annual letter to CEOs, an important signpost for investor priorities in the coming year. In his letter, titled “A Sense of Purpose,” Mr. Fink says: “In order to make engagement with shareholders as productive as possible, companies must be able to describe their strategy for long-term growth. The […]
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Posted in Accounting & Disclosure, Boards of Directors, Corporate Elections & Voting, Corporate Social Responsibility, Practitioner Publications
Tagged Accountability, BlackRock, Boards of Directors, Climate change, Corporate Social Responsibility, Environmental disclosure, ESG, Institutional Investors, Mutual funds, Proxy advisors, Risk management, Shareholder proposals, Sustainability
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