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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
Glass Lewis’ 2022 Policy Guidelines: Important Updates
Glass Lewis recently released its 2022 policy guidelines, with new amendments on compensation, board diversity, and environmental and social areas. The key changes for 2022 focus on diversity and SPAC governance. This post discusses key compensation and Environmental, Social and Governance (ESG) updates. Executive Compensation-Related Updates Linking Executive Pay to Environmental and Social Criteria Glass […]
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Posted in Boards of Directors, Corporate Elections & Voting, ESG, Institutional Investors, Practitioner Publications
Tagged Board composition, Boards of Directors, Diversity, ESG, Executive Compensation, Glass Lewis, Institutional Investors, Proxy advisors, Risk oversight, Shareholder voting
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ESG and 2021 Year-End Financial Reporting Season
ESG’s impact on financial statements Partially in response to stakeholder pressure to integrate ESG into company strategy, many companies are doing more to address ESG risks and opportunities. Common initiatives include making net zero commitments, tying ESG KPIs to executive compensation, improving diversity in the workforce, and addressing data privacy concerns. In addition to being […]
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Posted in Accounting & Disclosure, Boards of Directors, ESG, Practitioner Publications, Securities Regulation
Tagged Boards of Directors, Climate change, Cybersecurity, Environmental disclosure, ESG, Financial reporting, Human capital, Risk disclosure, SEC, Securities regulation, Sustainability
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BlackRock Investment Stewardship Global Principles
BlackRock’s purpose is to help more and more people experience financial well-being. We manage assets on behalf of institutional and individual clients, across a full spectrum of investment strategies, asset classes, and regions. Our client base includes pension plans, endowments, foundations, charities, official institutions, insurers, and other financial institutions, as well as individuals around the […]
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Posted in Boards of Directors, ESG, Institutional Investors, Practitioner Publications
Tagged BlackRock, Boards of Directors, Climate change, ESG, Index funds, Institutional Investors, Long-Term value, Stakeholders, Stewardship, Sustainability
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Statement by Chair Gensler on Rule 10b5-1 and Insider Trading
First, the Commission is considering proposed amendments to Rule 10b5-1, as well as proposed new disclosure requirements. I support these amendments because, if adopted, they would help close potential gaps in our insider trading regime. Today’s proposal addresses the means by which companies and company insiders—chief executive officers, chief financial officers, other executives, directors, and […]
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Posted in Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Inside information, Insider trading, Misconduct, Rule 10b-5-1, SEC, SEC enforcement, SEC rulemaking, Securities enforcement, Securities regulation
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Statement by Commissioner Peirce on Rule 10b5-1 and Insider Trading
Thank you, Chair Gensler. Given our many policy disagreements and—spoiler alert—my resulting dissents on various matters today, I was beginning to feel a bit like the Grinch this holiday season. Singing in Whoville on Christmas morning caused the Grinch’s heart to grow three sizes that day, but it was my fellow Commissioners’ willingness to collaborate […]
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Posted in Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Inside information, Insider trading, Misconduct, Rule 10b-5-1, SEC, SEC enforcement, SEC rulemaking, Securities enforcement, Securities regulation
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Boards Face Backlash as ESG Tips the Scales During 2021 Proxy Season
Against a backdrop of pandemic- and climate-related concerns, ESG emerged as a top concern for today’s investors—and boards are being held accountable. A tectonic shift in the focus toward environmental and social topics occurred during the 2021 proxy season, reflecting the importance for organizations to successfully manage environmental, social and governance (ESG) risks and opportunities. […]
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Posted in Boards of Directors, ESG, Practitioner Publications
Tagged Asset management, Board oversight, Boards of Directors, ESG, Institutional Investors, Risk management, Shareholder activism, Shareholder proposals, Shareholder voting
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Weekly Roundup: December 10–16, 2021
No More Old Boys’ Club: Institutional Investors’ Fiduciary Duty to Advance Board Gender Diversity Posted by Anat Alon-Beck (Case Western Reserve Universty), Michal Agmon-Gonnen (Tel Aviv University) and Darren Rosenblum (McGill University), on Friday, December 10, 2021 Tags: Board composition, Boards of Directors, Director qualifications, Disclosure, Diversity, ESG, Fiduciary duties, Institutional Investors Remarks by Chair Gensler Before the Healthy Markets Association Conference Posted by […]
Click here to read the complete postStatement by Chair Gensler on Buybacks Disclosure Proposal
Today, the Commission is considering enhancing the disclosures around share buybacks. I support these amendments because, if adopted, they would increase transparency into the market. Share buybacks have become a significant component of how public issuers return capital to shareholders. I think we can lessen the information asymmetries between issuers and investors through the timeliness […]
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Posted in Accounting & Disclosure, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Capital allocation, Disclosure, Repurchases, SEC, SEC rulemaking, Securities regulation, Shareholder value
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