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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
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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Remarks by Commissioner Lee at PLI’s Corporate Governance
Send Lawyers, Guns and Money: (Over-) Zealous Representation by Corporate Lawyers Thank you Brian [Breheny] for the introduction and to the Practicing Law Institute for having me today. Before I begin, I want to take a moment to acknowledge the on-going humanitarian disaster in Ukraine. My thoughts are with the people of Ukraine, who have […]
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Posted in Accounting & Disclosure, Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Disclosure, Inside counsel, Materiality, Misconduct, SEC, Securities enforcement, Securities fraud, Securities litigation, Securities regulation
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Women in the Boardroom: 2022 Update
Is the world making reasonable progress towards increasing the proportion of women on boards? The data indicates not. Women occupy just 20% of board seats globally, and continue to be excluded from the highest levels of corporate leadership. In 2011, when the Deloitte Global Boardroom Program began researching how many women served on corporate boards […]
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Posted in Boards of Directors, ESG, Practitioner Publications
Tagged Boards of Directors, Diversity, ESG, Human capital
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