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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
Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation
In many markets around the world, a substantial fraction of publicly listed firms are members of family-controlled business groups. Despite widespread concerns over their corporate governance impacts, family business groups have continued to expand, with no end to their dominance in sight. For example, from 2002 to 2012, a period which includes the Global Financial […]
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Posted in Academic Research, Comparative Corporate Governance & Regulation, Empirical Research, Financial Crisis, International Corporate Governance & Regulation
Tagged Business groups, Capital markets, Emerging markets, Family firms, Financial crisis, International governance, Peer groups, Shocks
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Weekly Roundup: September 23–30, 2021
The Impact of a Principles-Based Approach to Director Gender Diversity Policy Posted by Tor-Erik Bakke (UIC), Laura Field (University of Delaware), Hamed Mahmudi (University of Delaware), and Aazam Virani (University of Arizona), on Friday, September 24, 2021 Tags: Board composition, Boards of Directors, Director qualifications, Diversity, ESG A New Way of Seeing Value Posted by Witold Henisz (The Wharton School of […]
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Posted in Weekly Roundup
Tagged Weekly Roundup
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Statement by Chair Gensler on Proposal to Enhance Reporting of Proxy and Executive Compensation Votes
Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on September 29, 2021. I want to welcome members of the public who are listening in. This is my first open meeting as Chair of this remarkable agency. While there will be times when we vote on rulemakings via seriatim, I […]
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Posted in Accounting & Disclosure, Executive Compensation, Institutional Investors, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Disclosure, Executive Compensation, Form N-PX, Index funds, Institutional Investors, Proxy voting, Say on pay, Securities regulation, Shareholder voting
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Statement by Commissioner Peirce on Proposal to Enhance Reporting of Proxy and Executive Compensation Votes
I want to offer my thanks to the staff of the Divisions of Investment Management and Economic and Risk Analysis and the Office of the General Counsel. I enjoyed our discussion about the proposal before us today and your thoughtful consideration of my comments. I know how much work goes into a proposal like this […]
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Posted in Accounting & Disclosure, Corporate Elections & Voting, Executive Compensation, Institutional Investors, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Disclosure, ESG, Executive Compensation, Form N-PX, Index funds, Institutional Investors, Proxy voting, Say on pay, SEC, SEC rulemaking, Securities regulation, Shareholder voting
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Statement by Commissioner Roisman on Proposal to Enhance Reporting of Proxy and Executive Compensation Votes
Thank you, Chair Gensler, and thank you to the staff in the Division of Investment Management (the “Division”) for your hard work on the recommendation we are considering today, to propose amendments to disclosures that asset managers make with regard to their proxy voting. As no recommendation gets to the Commission without scrutiny from our […]
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Posted in Accounting & Disclosure, Corporate Elections & Voting, Institutional Investors, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Disclosure, ESG, Executive Compensation, Form N-PX, Index funds, Institutional Investors, Proxy voting, Say on pay, SEC, SEC rulemaking, Securities regulation, Shareholder voting
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The Vanguard 2021 Semiannual Report
Regional roundup Topics and trends that shaped the global governance landscape in the first half of 2021 Good governance has never been more important. Boards of directors and company leaders continued to face challenges in the first half of the year. The pandemic disrupted operations and global supply chains and forced companies to make strategic […]
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Posted in Corporate Elections & Voting, ESG, Executive Compensation, Institutional Investors, International Corporate Governance & Regulation, Practitioner Publications
Tagged Climate change, Diversity, Engagement, ESG, Executive Compensation, Index funds, Institutional Investors, International governance, Say on climate, Say on pay, Shareholder voting, Sustainability
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The Deterrent Effect of Insider Trading Enforcement Actions
This study examines whether exposure to an insider trading enforcement action deters corporate insiders’ future opportunistic trading. A priori, the answer is not clear. While it is illegal for insiders to trade based on material private information, this can be difficult to establish in court. Further, many insiders continue to earn large profits from their […]
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Posted in Academic Research, Empirical Research, Securities Litigation & Enforcement, Securities Regulation
Tagged Information asymmetries, Information environment, Inside information, Insider trading, SEC enforcement, Securities enforcement, Securities regulation
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Proxy Season Climate-Related Voting Trends Report
Anthropocene: “the current geological age, viewed as the period during which human activity has been the dominant influence on climate and the environment.” Key Takeaways The 2021 U.S. proxy voting season marked an escalation of shareholder engagement on climate-related issues as well as an expansion of tactics. Many investors are moving beyond requests for disclosure […]
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Posted in Corporate Elections & Voting, ESG, Practitioner Publications
Tagged Climate change, Environmental disclosure, ESG, Proxy season, Proxy voting, Say on climate, Shareholder voting, Sustainability
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Remarks by Chair Gensler Before the Small Business Capital Formation Advisory Committee
Thank you, Carla [Garrett]. It’s good to be with this Committee again. I’d like to thank the members for their time and willingness to represent the interests of America’s small businesses. As is customary, I’d like to note I’m not speaking on behalf of the Commission or the SEC staff. I look forward to your […]
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Posted in Mergers & Acquisitions, Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Capital formation, IPOs, Mergers & acquisitions, SEC, SEC enforcement, Securities enforcement, Securities regulation, SPACs, Special purpose vehicles
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Remarks by Commissioner Peirce Before the Small Business Capital Formation Advisory Committee
Thank you, Carla [Garrett] and thank you to the Committee members and today’s panelists. Welcome to Andrea [Seidt] to the Committee. I am particularly happy to have a fellow Ohioan involved. Thanks to Mike [Pieciak] for serving on the Committee. I am looking forward to today’s discussions on small business capital formation trends at this […]
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Posted in Institutional Investors, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Accredited investors, Capital formation, Crowdfunding, Institutional Investors, Investor protection, IPOs, Regulation A, SEC, Securities regulation, SPACs
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