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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
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- Elina Tetelbaum
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Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
International Coordination Among Regulators
Editor’s Note: Elisse B. Walter is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on Commissioner Walter’s remarks to the American Bar Association International Section, available here. The views expressed in this post are those of Commissioner Walter and do not necessarily reflect those of the Securities and Exchange Commission, […]
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Posted in Derivatives, Financial Regulation, International Corporate Governance & Regulation, Securities Regulation, Speeches & Testimony
Tagged Capital markets, Cross-border transactions, Derivatives, Financial regulation, FSB, International governance, IOSCO, SEC, Securities regulation
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The Most Influential People in Corporate Governance
Each year, the National Association of Corporate Directors’ Directorship magazine publishes the Directorship 100 list, which seeks to identify “the most influential people in the boardroom community, including directors, corporate governance experts, journalists, regulators, academics and counselors.” A review of this year’s list indicates that, as in prior years, individuals affiliated with Harvard Law School […]
Click here to read the complete postDelaware Court of Chancery Dismisses Hastily Filed Caremark Action
On September 25, 2012, Vice Chancellor Travis Laster of the Court of Chancery of the State of Delaware dismissed the derivative complaint in South v. Baker, C.A. No. 7294-VCL, with prejudice. This decision reaffirms the Chancery Court’s low tolerance for hastily filed shareholder derivative lawsuits brought under the In re Caremark International Inc. Derivative Litigation, […]
Click here to read the complete postHigh Frequency Traders and Algorithmic Strategies on German Trading Venues
The German Government plans to curtail high frequency trading on German trading venues and to submit certain algorithmic trading strategies to regulatory supervision. In its cabinet meeting on September 26, 2012 the Federal Government adopted a revised draft legislation titled the “Act for the Prevention of Risks and the Abuse of High Frequency Trading” (Hochfrequenzhandelsgesetz). […]
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Posted in Banking & Financial Institutions, Financial Regulation, International Corporate Governance & Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged Banks, Financial institutions, Financial regulation, International governance, MiFID, Proprietary trading
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Evaluating 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 Brookings Institution; the full speech, including footnotes, is available here. I’d like to describe the framework I have been using to think about monetary policy in the […]
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Posted in Banking & Financial Institutions, Financial Crisis, Financial Regulation, Speeches & Testimony
Tagged Asset-backed securities, Federal Reserve, Financial policies, Treasury Department
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The Shareholder Base and Payout Policy
In our paper, The Shareholder Base and Payout Policy, forthcoming in the Journal of Financial and Quantitative Analysis, we examine the relation between the shareholder base and payout policy. Finance practitioners acknowledge that having a broad shareholder base is an important factor for many corporate decisions. For example, in a recent study of firm payout policy, Brav, […]
Click here to read the complete postPoliticized Proxy Advisers vs. Individual Investors
Editor’s Note: James R. Copland is the director of the Manhattan Institute’s Center for Legal Policy. This post is based on an article by Mr. Copland that first appeared in the Wall Street Journal. In the boardrooms of America’s largest corporations, a company with scarcely over $100 million in annual revenue and $10 million in […]
Click here to read the complete postDodd-Frank Whistleblower Provision and Court’s Broad Interpretation
On September 25, 2012, a federal judge in Connecticut resolved an apparent tension between the anti-retaliation provision of the Dodd-Frank Act (“Dodd-Frank” or the “Act”) and the definition of “whistleblower” under that Act in a way that broadly interprets the protections afforded to employees who report issues they “reasonably believe” constitute violations of the securities […]
Click here to read the complete postThe Future of Bailouts and Dodd-Frank
Editor’s Note: Peter J. Wallison is a senior fellow at the American Enterprise Institute. This post is based on an article by Mr. Wallison; the full article, including footnotes, is available here. In the first presidential debate, Mitt Romney identified the Dodd-Frank Act as the “biggest kiss” to Wall Street, opening a topic that has […]
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Posted in Banking & Financial Institutions, Financial Regulation
Tagged Bailouts, Banks, Dodd-Frank Act, Financial institutions, Financial regulation, Too big to fail
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Redrawing the Public-Private Boundaries in Entrepreneurial Capital-Raising
In our article, Redrawing the Public-Private Boundaries in Entrepreneurial Capital Raising, we examine what the JOBS Act (enacted earlier this year) tells us about the division between the public and private spheres in securities regulation. On its face the JOBS Act broadly expands the private realm as defined by our national securities laws. It provides […]
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Posted in Academic Research, Accounting & Disclosure, Securities Regulation
Tagged Disclosure, JOBS Act, PIPE, Securities regulation
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