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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
Auditing in the Decade Ahead: Challenge and Change
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 Canadian Public Accountability Board’s Audit Quality Symposium, which are available here. The views expressed in the post are those of Chairman Doty and should not be attributed to the PCAOB as […]
Click here to read the complete postTough Dilemmas for Companies on Campaign Spending
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 online edition of the Harvard Business Review. Work from the Program on Corporate Governance […]
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Posted in Corporate Social Responsibility, Court Cases, Op-Eds & Opinions
Tagged Citizens United v. FEC, Disclosure, Political spending, Shareholder proposals
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IPO Pricing in Business Groups
In the paper Channeling Funds into the Group: IPO Pricing in Business Groups, which was recently made publicly available on SSRN, we demonstrate that business groups use financial intermediaries to boost the stock prices of affiliated firms in initial public offerings (IPO). This is done when mutual funds belonging to the group strategically participate in […]
Click here to read the complete postThe Corporate Capture of the United States
Editor’s Note: Robert Monks is the founder of Lens Governance Advisors, a law firm that advises on corporate governance in the settlement of shareholder litigation. American corporations today are like the great European monarchies of yore: They have the power to control the rules under which they function and to direct the allocation of public […]
Click here to read the complete postOn the Importance of Internal Control Systems in the Capital Allocation Decision
In the paper, On the Importance of Internal Control Systems in the Capital Allocation Decision: Evidence from SOX, which was recently made publicly available on SSRN, I investigate the effects of information problems across corporate hierarchies on internal capital allocation decisions by using the Sarbanes-Oxley Act (SOX) as a quasi-natural experiment of a shock to […]
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Posted in Academic Research, Empirical Research, Legislative & Regulatory Developments
Tagged Capital allocation, Capital markets, Financial reporting, Information asymmetries, Internal control, SOX
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Risk Management and the Board of Directors – An Update for 2012
I. Introduction Overview Corporate risk taking and the monitoring of risks have remained front and center in the minds of boards of directors, legislators and the media, fueled by the powerful mix of continuing worldwide financial instability; ever-increasing regulation; anger and resentment at the alleged power of business and financial executives and boards, including particularly […]
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Posted in Boards of Directors, Practitioner Publications
Tagged Board monitoring, Boards of Directors, Fiduciary duties, Risk management, Risk oversight, Risk-taking
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Governance and Disclosure Practices of Venture-Backed IPOs
Background Wilson Sonsini Goodrich & Rosati recently surveyed various corporate governance and disclosure practices of venture-backed companies incorporated in the United States and involved in U.S. initial public offerings (IPOs) from January 2010 through June 2011. A copy of the report is available here. We believe that this is the first such survey specifically relating […]
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