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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
Workforce Diversity Data Disclosure
Key Findings As of September 2021, the majority of companies in the Russell 1000 (55%) disclose some type of racial and ethnic workforce data, a notable increase since January 2021, when only 32% of companies disclosed racial and ethnic data. Between September 2020 and September 2021, the share of companies disclosing an EEO-1 Report or […]
Click here to read the complete postSEC Proposes New Rules for Private Fund Advisers
US Securities and Exchange Commission (SEC) Chairman Gary Gensler has ramped up an aggressive regulatory agenda that zeroes in on advisers to private funds. On February 9, 2022, the SEC commissioners approved several proposed rules under the Investment Advisers Act of 1940 (the Proposed Rules) which, if passed, would have significant effects on the operation […]
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Posted in Accounting & Disclosure, Institutional Investors, Practitioner Publications, Securities Regulation
Tagged Audits, Disclosure, Hedge funds, Institutional Investors, Investment advisers, Private funds, SEC, SEC rulemaking, Securities regulation, Venture capital firms
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DOJ Delivers Stark Message About Corporate Cooperation
As we noted in our year-end post, DOJ previewed last fall a crackdown on corporate misconduct and the resurrection of Obama-era policies that make it harder for companies to earn cooperation credit and leniency. Yesterday, speaking at the ABA Institute on White Collar Crime, Attorney General Merrick Garland and Assistant Attorney General for the Criminal Division […]
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Posted in Practitioner Publications, Securities Litigation & Enforcement, Securities Regulation
Tagged Compliance & ethics, Compliance and disclosure interpretation, Corporate crime, DOJ, Misconduct, Securities enforcement, Securities regulation
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Board Diversity Matters: An Empirical Assessment of Community Lending at Federal Reserve-Regulated Banks
A crucial set of questions in banking law and corporate governance is what effect, if any, does the diversity of decisionmakers have on specific outcomes. The challenge in answering the question, though, is that the more senior these decisionmakers become, the further removed they are from the policy outcomes whose consequences we want to predict. […]
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Posted in Academic Research, Banking & Financial Institutions, Boards of Directors, Empirical Research, ESG, Financial Regulation
Tagged Bank boards, Banks, Board composition, Boards of Directors, Community Reinvestment Act, Diversity, ESG, Federal Reserve, Financial institutions, Financial regulation
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How Sarah Bloom Raskin’s Confirmation May Affect Climate-Related Banking Regulation
On February 3, 2022, the U.S. Senate Committee on Banking, Housing, and Urban Affairs (the “Committee”) considered President Biden’s nomination of Sarah Bloom Raskin for Vice Chair for Supervision and a Member of the Board of Governors of the Federal Reserve System (the “Federal Reserve”), along with the nominations of Dr. Lisa Cook and Dr. […]
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Posted in Banking & Financial Institutions, ESG, Financial Regulation, Practitioner Publications, Securities Regulation
Tagged Banks, Climate change, ESG, Federal Reserve, Financial institutions, Financial regulation, Securities regulation, Sustainability
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Gender Pay Gap
The topic of gender diversity has been on the lips of the responsible investment sector for many years. One of the earliest factors that allowed investors to identify those companies taking a progressive stance on governance issues, the measurement of the percentage of women on corporate boards of directors, has been standard practice for ESG-minded […]
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Posted in Accounting & Disclosure, ESG, Executive Compensation, International Corporate Governance & Regulation, Practitioner Publications
Tagged Compensation ratios, Diversity, ESG, Europe, Executive Compensation, International governance
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The Effect of Media-Linked Directors on Financing and External Governance
Could the presence in a firm’s board of a member that concurrently sit in a media company influence the media coverage of that firm? And what are the consequences in terms of financing and ownership for the firm in question? In our paper, The Effect of Media–Linked Directors on Financing and External Governance, forthcoming in […]
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Posted in Academic Research, Boards of Directors, Empirical Research
Tagged Blockholders, Boards of Directors, Information environment, Ownership, Public perception, Reputation
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Four Takeaways from the SEC’s Proposed Cybersecurity Rules
On February 9, 2022, the SEC released its much-anticipated proposed rules relating to cybersecurity risk management, incident reporting, and disclosure for investment advisers and funds. Chair Gensler recently emphasized that cybersecurity rulemaking in this area is one of his priorities, and placed particular emphasis on establishing standards for cybersecurity hygiene and incident reporting for registrants. The proposed rules, […]
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Posted in Accounting & Disclosure, Institutional Investors, Practitioner Publications, Private Equity, Securities Regulation
Tagged Cybersecurity, Disclosure, Investment advisers, Private funds, SEC, SEC rulemaking, Securities regulation
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SEC Proposes Amendments to Schedules 13D and 13G
Background On February 10, 2022, the Securities and Exchange Commission (the “SEC”) proposed amendments to Schedules 13D and 13G relating to beneficial ownership reports (the “Proposed Amendments”). The Securities Exchange Act of 1934 (the “Exchange Act”), Section 13(d), was originally enacted to address the increasing use of cash tender offers in corporate takeovers. Section 13(d) […]
Click here to read the complete postBiotech’s ESG Crossroads
Overview Corporate social responsibility has long factored into investment decisions, and the integration of environmental, social and governance (ESG) factors into corporate decision-making dates back nearly two decades. But in the last few years, ESG has become a common boardroom topic as investment funds with an ESG focus have raised billions and ESG’s non-financial metrics […]
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Posted in Accounting & Disclosure, ESG, Practitioner Publications
Tagged Biotech companies, Board composition, Boards of Directors, Disclosure, Diversity, ESG, Human capital, SASB
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