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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
Mandatory Financial Reporting Environment and Voluntary Disclosure
In the paper, Mandatory Financial Reporting Environment and Voluntary Disclosure: Evidence from Mandatory IFRS Adoption, which was recently made publicly available on SSRN, we investigate the interaction between mandatory financial reporting environment and voluntary disclosure by employing the mandatory adoption of International Financial Reporting Standards (IFRS) in 2005 as an exogenous increase to mandatory reporting […]
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Posted in Academic Research, Accounting & Disclosure
Tagged Disclosure, Financial reporting, Forecasting, IFRS, Liquidity, Management
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Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?
Editor’s Note: Ben W. Heineman, Jr. is a former GE senior vice president for law and public affairs and a senior fellow at Harvard University’s schools of law and government. This post is based on an article that appeared in the Harvard Business Review online. In the past 25 years, the size of settlements, fines […]
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Posted in Banking & Financial Institutions, Op-Eds & Opinions
Tagged Banks, Corporate crime, Corporate fraud, Financial institutions, LIBOR
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Corporate Tax Reform
Editor’s Note: Robert Pozen is a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution. This post is based on a Tax Notes article written by Mr. Pozen and Lucas W. Goodman, titled “Capping the Deductibility of Corporate Interest Expense,” available here. Amid the current debate over tax policy in […]
Click here to read the complete post2012 Distressed Investing M&A Report
Schulte Roth & Zabel is pleased to present Distressed Investing M&A, published in association with mergermarket and Debtwire. Based on a series of interviews with investment bankers, private equity practitioners and hedge fund investors in the US, this report examines the market for distressed assets at home and abroad. Economic uncertainty brought on by the […]
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Posted in Bankruptcy & Financial Distress, Mergers & Acquisitions, Practitioner Publications, Private Equity
Tagged Distressed companies, Hedge funds, Investment banking, Private equity
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SEC to Propose Rules on Corporate Political Spending by April 2013
The Securities and Exchange Commission recently updated its entry in the Office of Management and Budget’s Unified Agenda to indicate that, by April, it plans to issue a Notice of Proposed Rulemaking on requiring public companies to disclose their spending on politics. Although the Director and Deputy Director of the Commission’s Division of Corporation Finance […]
Click here to read the complete postFDIC and Bank of England Release White Paper
On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England released a white paper, Resolving Globally Active, Systemically Important, Financial Institutions, [1] describing how each would resolve a materially distressed or failing financial institution that is globally active and systemically important (“G-SIFI”) in order to maintain the G-SIFI’s ongoing and […]
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Posted in Banking & Financial Institutions, Bankruptcy & Financial Distress, International Corporate Governance & Regulation, Practitioner Publications
Tagged FDIC, Financial institutions, Recovery & resolution plans, SIFIs, UK
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Delaware Law as Lingua Franca: Evidence from VC-Backed Startups
Delaware dominates the corporate chartering market in the U.S—it is the only state that attracts a significant number of out-of-state incorporations. As a result, incorporation decisions are “bimodal,” with public and private firms typically choosing between home-state and Delaware incorporation. Much ink has been spilled in the debate over whether Delaware’s dominance arose because it […]
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Posted in Academic Research, Empirical Research, HLS Research
Tagged Delaware law, Entrepreneurs, Incorporations, Venture capital firms
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Israel’s Executive Compensation Reform
Foreword The issue of executive compensation has been on the forefront of corporate governance discussion around the world in the past few years. Israel is no different. In previous years there was a significant rise of executive compensation in public companies that cannot be explained or linked to the companies’ performance. Like many capital markets […]
Click here to read the complete postThe Merger Agreement Myth
Practitioners and academics have long assumed that markets value the deal-specific legal terms of merger agreements yet have failed to subject this premise to empirical scrutiny. Mergers are high-stakes events, so it is unsurprising that the conventional wisdom posits that value is at stake in drafting acquisition agreements and negotiating conditions, “fiduciary out” clauses, and […]
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Posted in Academic Research, Empirical Research, Mergers & Acquisitions
Tagged Acquisition agreements, Market reaction, Merger announcements
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Achieving Pay for Performance
Current views regarding the proper pay plan design to achieve pay for performance vary. This post discusses the three dimensions of pay for performance, demonstrates how to measure them using historical pay data, and presents a simple pay plan that achieves perfect pay for performance (PP4P) using annual grants of performance shares. It also highlights […]
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Posted in Boards of Directors, Empirical Research, Executive Compensation, Practitioner Publications
Tagged Boards of Directors, Director compensation, Executive Compensation, ISS, Management, Pay for performance, Performance measures, Shareholder Value Advisors, The Conference Board
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