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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
Voluntary Disclosure on Corporate Political Spending Is Not Enough
In an article published today by New York Times DealBook, as part of Lucian Bebchuk’s column series, we focus on the expected SEC consideration of the rulemaking petition urging adoption of rules that would require public companies to disclose information about their political spending. Opponents of mandatory disclosure rules can be expected to claim that […]
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Posted in Academic Research, Corporate Elections & Voting, Program News & Events
Tagged Citizens United v. FEC, Disclosure, Political spending, Rulemaking Petition on Corporate Political Spending, SEC, Transparency
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Not All Money Market Funds Are Equal
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 an article by Mr. Pozen and Theresa Hamacher that originally appeared in the Financial Times. There is a sensible compromise to the debate over money market fund reform that regulators […]
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Posted in Banking & Financial Institutions, Institutional Investors, Op-Eds & Opinions
Tagged Financial institutions, Financial reform, Institutional Investors, Money market funds, Systemic risk
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Enhancing the Relevance, Credibility and Transparency of Audits
Editor’s Note: James R. Doty is chairman of the Public Company Accounting Oversight Board. This post is based on Chairman Doty’s remarks before the AICPA National Conference on Current SEC and PCAOB Developments, available here. The views expressed in the post are those of Chairman Doty and should not be attributed to the PCAOB as […]
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Posted in Accounting & Disclosure, Regulators Materials, Speeches & Testimony
Tagged Accounting standards, Audits, Financial reporting, Misreporting, PCAOB
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Board Oversight of Management’s Risk Appetite and Tolerance
In the aftermath of the financial crisis, companies and their boards have been grappling with new disclosure requirements related to board risk oversight in the United States, Canada, and Europe. Unfortunately, many organizations that have wanted to improve their risk management capabilities have attempted to implement a traditional form of what is generally known as […]
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Posted in Boards of Directors, Financial Crisis, Practitioner Publications, Securities Regulation
Tagged Boards of Directors, Management, NACD, Risk management, Risk oversight, Risk Oversight Inc., SEC, Securities regulation, SOX, The Conference Board
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Cybersecurity Risks and the Board of Directors
As boards of directors examine the risks that their companies face, corporate cybersecurity issues loom large. Forty-eight percent of directors (and 55 percent of general counsel) cited data security as their top concern in a recent study by Corporate Board Member/FTI Consulting. These numbers have roughly doubled since 2008, when only a quarter of directors […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Boards of Directors, Management, Risk management
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Capital Formation from the Investor’s Perspective
Editor’s Note: Luis A. Aguilar is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on Commissioner Aguilar’s remarks at the AICPA Conference on Current SEC and PCAOB Developments; the full speech, including footnotes, is available here. The views expressed in this post are those of Commissioner Aguilar and do not […]
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Posted in Accounting & Disclosure, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Accounting, Audits, Capital formation, Investor protection, SEC, Securities regulation, Transparency
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Meaningful Corporate Political Disclosure
In the aftermath of the most expensive election cycle in U.S. history, which included record amounts of “Dark Money,” the need for transparency in corporate political spending is even more urgent. Chevron made headlines in October when it gave $2.5 million to the Congressional Leadership Fund, a super PAC led by Speaker John Boehner (R […]
Click here to read the complete postCalling Regulators to Account
Since their inception, the accountability of independent regulatory agencies has been of concern to scholars of public law and political science. But whilst many decry the lack of accountability of regulatory agencies, others (albeit a minority) argue that accountability demands are counter-productive or subverted, prevent the agency from performing its role effectively or create cultures […]
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Posted in Academic Research, International Corporate Governance & Regulation
Tagged Accountability, International governance, Regulators
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Charting a Path to Sustainability Leadership
Operational sustainability performance is becoming increasingly important to corporations and their stakeholders, but operational performance is not the only measure that matters. There is also considerable value in communicating the corporate sustainability story. This report looks at the potential benefits to corporations of demonstrating good environmental, social, and governance (ESG) performance and discusses five common […]
Click here to read the complete postFed Governor Tarullo Foreshadows Foreign Banks Proposal
In an unprecedented and provocative speech, Federal Reserve Governor Daniel K. Tarullo foreshadowed a proposal from the Federal Reserve Board that could fundamentally change the way foreign banks are regulated in the United States. As previewed, the proposal would require foreign banks with large operations in the U.S. to create a separately capitalized top-tier U.S. […]
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