-
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
Management as a Profession: A Business Lawyer’s Critique
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. An article related to this post appeared in the online edition of the Harvard Business Review. As debates about the purpose of business and business […]
Click here to read the complete post
Posted in Corporate Social Responsibility, Op-Eds & Opinions
Tagged Business school, Compliance & ethics
6 Comments
Tests of Ex Ante versus Ex Post Theories of Collateral
In our paper, Tests of Ex Ante versus Ex Post Theories of Collateral Using Private and Public Information, forthcoming in the Journal of Financial Economics, we test the empirical predictions generated by two broad classes of theories about why borrowers pledge collateral. The first set of theories motivates collateral as a way for good borrowers […]
Click here to read the complete post
Posted in Academic Research, Banking & Financial Institutions, Empirical Research
Tagged Banks, Collateral, Contracts, Debt contracts, Federal Reserve
Comments Off on Tests of Ex Ante versus Ex Post Theories of Collateral
Pharma Industry Consultant Indicted For Tipping Inside Information
The federal government’s focus on insider trading and hedge funds continues, with the recent filing of a criminal complaint and SEC enforcement action against a French medical doctor, who served on a steering committee overseeing a clinical trial of a drug under development by Human Genome Sciences, Inc. (“HGSI”). US v. Benhamou, 10-MAG-2424 (S.D.N.Y. Nov. […]
Click here to read the complete post
Posted in Court Cases, Practitioner Publications, Securities Litigation & Enforcement
Tagged Fund managers, Hedge funds, Insider trading, US v. Benhamou
Comments Off on Pharma Industry Consultant Indicted For Tipping Inside Information
Comparing CEO Employment Contract Provisions
In our paper, Comparing CEO Employment Contract Provisions: Differences between Australia and the U.S., forthcoming in the Vanderbilt Law Review, we compare and contrast CEO employment contracts across two very different common law countries. In the wake of the global financial crisis, executive compensation is front page news, with soaring rhetoric about excessive pay to […]
Click here to read the complete post
Posted in Academic Research, Empirical Research, Executive Compensation
Tagged Australia, Contracts, Executive Compensation, Management contracts
Comments Off on Comparing CEO Employment Contract Provisions
Mortgage Lending Practice after the Dodd-Frank Act
I. Introduction On July 21, 2010, the President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), enacting numerous provisions intended to reform the mortgage lending industry with an eye towards consumer protection. Many of these provisions are contained within Title XIV of the Dodd-Frank Act, the Mortgage Reform and Anti-Predatory […]
Click here to read the complete postEU Still Not Taking Shareholder Rights Seriously
Editor’s Note: The following post comes to us from Pavlos E. Masouros, a Fellow of Corporate Law at Leiden University. Proponents of the global shareholder activism movement have recently praised the EU for generously empowering shareholders through the so-called Shareholder Rights Directive (“SRD”) (Directive 2007/36/EC). A year after the deadline for the transposition of the […]
Click here to read the complete postReviewing Asset-Backed Securities – Investors Deserve Better
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 statement at a recent open meeting of the SEC, which is available here. The views expressed in the post are those of Commissioner Aguilar and do not necessarily reflect those of the Securities […]
Click here to read the complete post
Posted in Financial Crisis, Legislative & Regulatory Developments, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Asset-backed securities, Dodd-Frank Act, Financial crisis, Investor protection, SEC
Comments Off on Reviewing Asset-Backed Securities – Investors Deserve Better
Missing Elements in US Financial Reform
In the paper, Missing Elements in U.S. Financial Reform: A Kubler-Ross Interpretation of the Inadequacy of the Dodd-Frank Act, which was recently made publicly available on SSRN, I summarize the incentive conflicts that led creditors and internal and external supervisors to short-cut and outsource due diligence. It is instructive to think of excessive financial-institution risk-taking […]
Click here to read the complete post
Posted in Academic Research, Banking & Financial Institutions, Bankruptcy & Financial Distress, Empirical Research, Financial Regulation, Legislative & Regulatory Developments, Securities Regulation
Tagged Dodd-Frank Act, Financial regulation, Incentives, Risk, Risk management
Comments Off on Missing Elements in US Financial Reform