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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
New PCAOB Auditor Reporting Standard Analysis
The Public Company Accounting Oversight Board (the “PCAOB”) recently released Staff Audit Practice Alert No. 15 (the “Practice Alert”), titled “Matters Related to Auditing Revenue From Contracts With Customers.” The Practice Alert provides guidance for auditors related to the Financial Accounting Standards Board’s 2014 Accounting Standard Update titled “Revenue from Contracts with Customers” (Topic 606) (the […]
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Posted in Accounting & Disclosure, Practitioner Publications
Tagged Accounting standards, Audit committee, Contracts, Disclosure, Earnings disclosure, External auditors, Financial reporting, PCAOB
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Treasury Recommendations for Capital Markets
On October 6, 2017, the US Department of the Treasury released a 220-page report on reforming the US regulatory system for the capital markets (Capital Markets Report). The Capital Markets Report includes 91 recommendations directed at financial regulators and Congress, but with a focus on the Securities and Exchange Commission (SEC) and the Commodity Futures […]
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Posted in Derivatives, Financial Regulation, Legislative & Regulatory Developments, Practitioner Publications, Securities Litigation & Enforcement, Securities Regulation
Tagged Capital formation, Capital markets, CFTC, Derivatives, Financial regulation, Institutional Investors, Regulation NMS, SEC, Securities enforcement, Securities litigation, Securities regulation, Treasury Department
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Weekly Roundup: October 27–November 2, 2017
SEC’s Proposed Modernization of Regulation S-K Posted by Ropes & Gray LLP, on Friday, October 27, 2017 Tags: Confidentiality, Disclosure, FAST Act, Financial reporting, Regulation S-K, Reporting regulation, SEC, SEC rulemaking, Securities regulation Coordinating Compliance Incentives Posted by Veronica Root, University of Notre Dame, on Friday, October 27, 2017 Tags: Compliance & ethics, DOJ, FCPA, Misconduct, Securities enforcement, Settlements Post Vote Update: Revisiting the P&G-Trian Contest Posted by Colin Ruegsegger, Glass, Lewis […]
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Posted in Weekly Roundup
Tagged Weekly Roundup
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The “Do’s” and “Dont’s” for Say on Pay
Advisory votes on compensation are more than half a decade old in the U.S., and the trends are clear: The vast majority of companies provide for annual votes. “Pay for performance” assessments underlie most investor voting. Each year the overall support level averages more than 90 percent, while about only about 2 percent of companies […]
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Posted in Corporate Elections & Voting, Executive Compensation, Institutional Investors, Practitioner Publications
Tagged Boards of Directors, Compensation ratios, Executive Compensation, Incentives, Institutional Investors, Management, Proxy advisors, Say on pay, Shareholder voting
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An Empirical Study of Special Litigation Committees: Evidence of Management Bias and the Effect of Legal Standards
Special litigation committees (SLCs) are controversial. They are supposed to dispassionately consider the merits of derivative litigation brought by shareholders against the company and some of its officers/directors, but they are composed of board members from the same company/board that is being sued. As a result, some shareholders and academics complain that these SLCs always […]
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Posted in Academic Research, Empirical Research, Securities Litigation & Enforcement
Tagged Delaware articles, Delaware law, Fiduciary duties, Forum selection, Incorporations, Jurisdiction, Management, Securities litigation, Settlements, State law
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