-
Supported By:
Subscribe or Follow
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
Moving S&P 500 Companies Toward Board Declassification: Post-Proxy Season Update from the ACGI
Editor’s Note: Lucian Bebchuk and Scott Hirst are Professor of Law, Economics and Finance and Lecturer on Law, respectively, at Harvard Law School. Their earlier post about the work of the ACGI is available here. This post provides an updated overview of the outcomes resulting from the work by the American Corporate Governance Institute (ACGI) […]
Click here to read the complete post
Posted in Boards of Directors, Corporate Elections & Voting, Institutional Investors, Program News & Events
Tagged ACGI, Board declassification, Boards of Directors, Florida SBA, Shareholder proposals, Staggered boards
Comments Off on Moving S&P 500 Companies Toward Board Declassification: Post-Proxy Season Update from the ACGI
The Influence of Governance on Investment
The governance structure of a firm can influence any number of its policies and actions, sometimes to the benefit and sometimes to the detriment of shareholders. Among the many studies of these relationships, numerous ones investigate the link between firm governance and corporate investment; however, the findings are inconclusive. Some studies report results suggesting poor […]
Click here to read the complete post
Posted in Academic Research, Comparative Corporate Governance & Regulation, Corporate Elections & Voting, Empirical Research, Financial Regulation
Tagged Governance standards, Incentives, Investment banking, Moral hazard, Risk management, Stock performance
Comments Off on The Influence of Governance on Investment
Harvard Convenes the Institutional Investors Roundtable
The Harvard Institutional Investors Roundtable will convene tomorrow. The event will bring together prominent members of the institutional investor world to discuss a number of related issues concerning shareholder voting. During the morning sessions, the roundtable discussion will focus on lessons from the first year of advisory votes on executives compensation and on how institutions […]
Click here to read the complete postNovember 2011 Dodd-Frank Rulemaking Progress Report
This posting, the November Davis Polk Dodd-Frank Progress Report, is the eighth in a series of Davis Polk presentations that illustrate graphically the progress of the rulemaking work that has been done and is yet to occur under the Dodd-Frank Act. The Progress Report has been prepared using data from the Davis Polk Regulatory Tracker™, […]
Click here to read the complete post
Posted in Financial Regulation, Legislative & Regulatory Developments, Practitioner Publications, Securities Regulation
Tagged Dodd-Frank Act, FDIC, Financial regulation, SEC
Comments Off on November 2011 Dodd-Frank Rulemaking Progress Report
The Effect of Enforcement on Timely Loss Recognition
In the paper, The Effect of Enforcement on Timely Loss Recognition: Evidence from Insider Trading Laws, forthcoming in the Journal of Accounting and Economics as published by Elsevier, I examine how first-time enforcement of insider trading laws affects the extent of timely loss recognition (TLR) in financial statements. A growing literature examines how cross-country variation […]
Click here to read the complete post
Posted in Academic Research, Empirical Research, Securities Litigation & Enforcement, Securities Regulation
Tagged Information asymmetries, Insider trading, Loss causation, Loss recognition, Securities enforcement
Comments Off on The Effect of Enforcement on Timely Loss Recognition
How Conflicts of Interest Thwart Institutional Investor Stewardship
Editor’s Note: Simon Wong is a Partner at Governance for Owners, an Adjunct Professor of Law at the Northwestern University School of Law, and a Visiting Fellow at the London School of Economics and Political Science. This post is based on an article by Mr. Wong that appeared in Butterworths Journal of International Banking and […]
Click here to read the complete postReacting to Shareholder Proxy Access Proposals
This year, as a result of recent amendments to SEC rules, shareholder proponents can require companies for the first time to allow shareholders to vote on the company’s proxy card for proposals to amend the bylaws to facilitate contested elections for directors. If approved, these proposals (“proxy access” proposals) would require a company in the […]
Click here to read the complete postCorporate Governance Development Framework
Editor’s Note: The following post comes to us from Darrin Hartzler, Manager of the Corporate Governance Unit in the Environment, Social and Governance Department at the International Finance Corporation. IFC recently joined 28 other development finance institutions (DFIs) – with combined assets of approximately $852 billion – to launch the Corporate Governance Development Framework. This […]
Click here to read the complete postFinal “Living Wills” Requirements for Large Financial Institutions
Editor’s Note: Bradley Sabel is a partner at Shearman & Sterling LLP. This post is based on a Shearman & Sterling client publication by Gregg L. Rozansky. A major step in the prevention of future financial bailouts has been taken by Federal bank supervisors with the adoption on October 17 and September 13 of final […]
Click here to read the complete post2011-2012 ISS Policy Survey
Editor’s Note: Carol Bowie is Head of Compensation Research Development at Institutional Shareholder Services Inc. This post is based on the key findings of the complete ISS Policy Survey, available here. Top Governance Issues Executive compensation continues to be an American issue for a second straight year. Only for North America, a majority of both […]
Click here to read the complete post