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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
Some Thoughts for Boards of Directors in 2013
I. Introduction The years since the onset of the financial crisis have served to further increase the demands on and scrutiny of public company boards of directors. The assault on the director-centric model of corporate governance continues in the shareholder activist and political arenas, and the challenges of planning for and investing in the long-term […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Boards of Directors, Corporate governance
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Governance in Executive Suites
In the paper, Governance in Executive Suites, which was recently made publicly available on SSRN, my co-author (Yao Lu) and I analyze the interplay between governance in executive suites and board monitoring. We find an exogenous shock increasing board independence weakens governance in executive suites. The empirical proxy for the strength of governance in executive suites […]
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Posted in Academic Research, Boards of Directors
Tagged Board independence, Board monitoring, Boards of Directors, Corporate governance, Management, Shocks
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Top 10 Topics for Directors in 2013
A fog of uncertainty hangs over U.S. public companies as 2013 approaches. The looming fiscal cliff, increased regulatory burdens, the ongoing European debt crisis, growing Middle East unrest and slowing global growth are just a few of the uncertainties companies will have to navigate as they chart a course for the coming year. Here is […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Board meetings, Boards of Directors
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Corporate Finance Perspective on Large-Scale Asset Purchases
Editor’s Note: This post is based on the recent remarks of Jeremy C. Stein, a member of the Board of Governors of the Federal Reserve System, at the Third Boston University/Boston Fed Conference on Macro-Finance Linkages, which are available here. Given that the conference theme is macro-finance linkages, I thought I would try to lay out […]
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Posted in Banking & Financial Institutions, Financial Regulation, Regulators Materials, Speeches & Testimony
Tagged Asset-backed securities, Bonds, Debt maturity, Federal Reserve, Financial policies, Treasury Department
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Conflict of Interest, Secrecy and Insider Information of Directors
This article concentrates on conflict of interest, secrecy and insider information of corporate directors in a functional and comparative way. The main concepts are loans and credit to directors, self-dealing, competition with the company, corporate opportunities, wrongful profiting from position and remuneration. Prevention techniques, remedies and enforcement are also in the focus. The main jurisdictions […]
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Executive Summary Pay for performance. As the dust settles from year two of Say on Pay proxy voting, and more companies coalesce around accepted pay practices, the top issue for both shareholders and companies is whether pay is aligned with performance. While there is general acceptance that the performance side of that equation should primarily […]
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Posted in Accounting & Disclosure, Executive Compensation, Practitioner Publications
Tagged Disclosure, Equity-based compensation, Executive Compensation, Farient Advisors, Pay for performance
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EU AIFMD: UK Implementation Update
The UK Financial Services Authority Publishes Consultation Paper on Implementation of AIFMD On November 14, 2012, the UK Financial Services Authority (“FSA“) published the first part of its long-awaited consultation paper “CP 12/32 Implementation of the Alternative Investment Fund Managers Directive (“AIFMD“) Part 1” (“CP 32“). [1] This post summarises key points from CP 32 […]
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Posted in Financial Regulation, International Corporate Governance & Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged EU, Financial regulation, FSA, Fund managers, International governance, UK
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Personal Jurisdiction Over Non-U.S. Financial Institutions
Summary On November 20, 2012, the New York Court of Appeals issued an opinion that is of substantial importance to international banks and financial institutions that maintain and use correspondent banking accounts in New York. In Licci v. Lebanese Canadian Bank, SAL (N.Y. Nov. 20, 2012), the Court of Appeals held that a non-U.S. bank’s […]
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Posted in Banking & Financial Institutions, Court Cases, Practitioner Publications
Tagged Banks, Cross-border transactions, Financial institutions, Foreign banks, Jurisdiction
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R&D and the Incentives from Merger and Acquisition Activity
In the paper, R&D and the Incentives from Merger and Acquisition Activity, forthcoming in the Review of Financial Services, my co-author (Alexei Zhdanov of the University of Lausanne and the Swiss Finance Institute) and I examine how the incentives to innovate differ between large and small firms and whether the M&A market hinders or promotes […]
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Posted in Academic Research, Empirical Research, Mergers & Acquisitions
Tagged Incentives, Innovation, R&D
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