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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
Women on Boards in Finance and STEM Industries
Our forthcoming article in the American Economic Review (May Issue), Women on boards in Finance and STEM industries, is the first in a series of papers in which we connect two policy debates that are usually conducted separately: the debate about women’s underrepresentation in STEM fields and the debate about women’s underrepresentation on corporate boards (see also Adams […]
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Posted in Academic Research, Boards of Directors, Comparative Corporate Governance & Regulation, Empirical Research
Tagged Board composition, Board independence, Board leadership, Board performance, Boards of Directors, Diversity, Management
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The New York Banking Regulator’s New AML and Sanctions Rule
Following Maria Vullo’s confirmation as Superintendent earlier this month, the New York Department of Financial Services (“DFS”) yesterday finalized its closely watched proposed regulation on anti-money laundering (AML) monitoring and sanctions screening requirements for banks, branches, and other covered entities. According to DFS, the final regulation is motivated by its identification, through investigations, of shortcomings […]
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Posted in Banking & Financial Institutions, Boards of Directors, Financial Regulation, International Corporate Governance & Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged Bank boards, Banks, Board monitoring, Boards of Directors, BSA/AML, Compliance & ethics, Disclosure, Financial institutions, Financial regulation, International governance, Money laundering, New York, Oversight, Reporting regulation, Risk management, State law
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Key Takeaways from the Fed’s 2016 Dodd-Frank Stress Tests
Large banks will be less constrained in returning capital to shareholders based on this year’s Dodd-Frank Act Stress Test (DFAST). The DFAST results published last Thursday are the Federal Reserve’s (Fed) first stress test results released in 2016. On June 29th, the Fed will release the more important Comprehensive Capital Analysis and Review (CCAR) results. […]
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Posted in Banking & Financial Institutions, Financial Crisis, Financial Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged Banks, Capital requirements, Debt-equity ratio, DFAST, Dividends, Dodd-Frank Act, Federal Reserve, Financial crisis, Financial institutions, Financial regulation, G-SIB, Leverage, Liquidity, Shareholder value, SIFIs, Stress tests, Systemic risk
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Shareholder Proposal Developments During the 2016 Proxy Season
This post provides an overview of shareholder proposals submitted to public companies for 2016 shareholder meetings, including statistics, notable decisions from the staff of the Securities and Exchange Commission on no-action requests, and information about litigation regarding shareholder proposals. All shareholder proposal data in this post is as of June 1, 2016 unless otherwise indicated.
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Posted in Boards of Directors, Corporate Elections & Voting, Institutional Investors, Practitioner Publications
Tagged Boards of Directors, Charter & bylaws, ESG, Institutional Investors, Institutional voting, Pension funds, Proxy access, Proxy materials, Proxy season, Shareholder activism, Shareholder proposals, Shareholder rights, Shareholder voting
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Deposit Insurance: Savior or Subsidy?
The insurance of bank liabilities began as an American experiment in a handful of states during the early-to-mid 19th century. The early state liability insurance systems disappeared by the 1860s, but a second wave of systems arose in the early 20th and U.S. federal deposit insurance was enacted in 1933. Worldwide, bank liability insurance remained […]
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Posted in Academic Research, Banking & Financial Institutions, Comparative Corporate Governance & Regulation, Empirical Research, Financial Regulation, International Corporate Governance & Regulation
Tagged Adverse selection, Bank debt, Banks, Capital requirements, Deposit insurance, FDIC, Financial institutions, Financial regulation, Insurance regulation, Liquidity, Moral hazard, Mortgage lending, Public interest, Risk-taking, Systemic risk
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Weekly Roundup: July 1–July 7, 2016
The Indispensability of the Shareholder Value Corporation Posted by Marc Moore, University of Cambridge, on Friday, July 1, 2016 Tags: Benefit corporation, Corporate forms, Dual-class stock, Legal systems, Ownership structure, Public firms, Public interest, Shareholder power, Shareholder primacy, Shareholder value Dell: Appraisal Award and Merger Price Posted by Gail Weinstein, Fried, Frank, Harris, Shriver & […]
Click here to read the complete postSettlement Agreements with Activist Investors—the Latest Entrenchment Device?
An increase in settlements between public companies and activist investors that have targeted a campaign against a company has been widely reported. An increase in the speed with which these settlements occur—meaning the number of days a settlement is reached after an activist initiates a campaign—has also been widely reported. Some commentators attribute increased settlements […]
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Posted in Boards of Directors, Corporate Elections & Voting, Practitioner Publications
Tagged Antitakeover, Boards of Directors, Engagement, Entrenchment, Poison pills, Proxy contests, Settlements, Shareholder activism, Shareholder nominations, Shareholder voting, Takeover defenses
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DGCL: Appraisal Actions and “Intermediate-Form” Mergers
On June 16, 2016, Delaware Governor Jack Markell signed into law House Bill 371, which amends the Delaware General Corporation Law (DGCL) with respect to, among other things, appraisal proceedings and “intermediate-form” mergers. Specifically, the bill amends Section 262 of the DGCL to limit de minimis appraisal claims and to provide surviving corporations with the […]
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Posted in Boards of Directors, Corporate Elections & Voting, Mergers & Acquisitions, Practitioner Publications
Tagged Appraisal rights, Boards of Directors, Delaware cases, Delaware law, DGCL, Fair values, Firm valuation, Interest, Jurisdiction, Mergers & acquisitions, Shareholder suits, Shareholder voting, Tender offer
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CEO Materialism and Corporate Social Responsibility
Fortune Global 500 firms spend over $15 billion a year on corporate philanthropy and countless hours and dollars on a host of social responsibility (CSR) activities. Corporate social responsibility refers to “managements’ obligation to set policies, make decisions and follow courses of action beyond the requirements of the law that are desirable in terms of […]
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Posted in Academic Research, Accounting & Disclosure, Comparative Corporate Governance & Regulation, Corporate Social Responsibility, Empirical Research
Tagged Compliance & ethics, Corporate Social Responsibility, Executive performance, Firm performance, Management, Manager characteristics, Managerial style
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The HLS Forum is Now on LinkedIn and Facebook
The Harvard Law School Forum on Corporate Governance and Financial Regulation is pleased to announce that readers can now access our daily blog posts on LinkedIn and Facebook. Readers are encouraged to follow us on LinkedIn or to like the Forum’s page on Facebook to receive updates on our daily posts and stay up to date on the […]
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Posted in Program News & Events
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