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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
Shaping Up Your Top-Up Option
As we noted in an M&A Update last year (available on Forum here), tender offers are an increasingly common feature of the M&A landscape. In conjunction with this uptick in tender offer activity, the use of “top-up” options has become nearly universal. Under a top-up option, the target company grants the buyer an option (sometimes […]
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Posted in Mergers & Acquisitions, Practitioner Publications
Tagged Short-form merger, Tender offer, Top-up option
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Private and Public Merger Waves
In our paper, Private and Public Merger Waves, which was recently made publicly available on SSRN, we examine the participation of public and private firms in merger waves. We find that public firms participate more in the market for assets, especially during merger waves, than private firms. Acquisitions by public firms are more likely to […]
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Posted in Academic Research, Empirical Research, Mergers & Acquisitions
Tagged Merger waves
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UK Announces Consultation on Bank Levy
In his Budget statement, delivered on 22 June, 2010, the Chancellor of the Exchequer announced that the UK will introduce a tax based on banks’ balance sheets from 1 January, 2011, to be known as “bank levy”. Once fully in place this tax is expected to generate around £2.5 billion annually. A consultation has now […]
Click here to read the complete postDifferent Approaches to Corporate Reporting Regulation
In the paper, Different Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why, which was recently made publicly available on SSRN, I discuss differences in countries’ approaches to reporting regulation and explore reasons why they exist in the first place and why they are likely to persist. After delineating various regulatory choices and discussing […]
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Posted in Academic Research, Accounting & Disclosure, International Corporate Governance & Regulation
Tagged IFRS, Reporting regulation
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Review of the UK Takeover Code
At the beginning of this month, the UK Panel on Takeovers and Mergers (the Panel) announced a wide-ranging review of a number of fundamental principles of UK takeover regulation contained in the Panel’s City Code on Takeovers and Mergers (the Code). Responses are required by 27 July 2010. This review has been prompted in part […]
Click here to read the complete postWhy Stewardship is Proving Elusive for Institutional Investors
As the dominant owners of listed companies in many developed markets, institutional investors have been under increasing pressure to act as responsible shareholders. In the UK, where institutions own more than 70% of the stock market, a Stewardship Code has been developed to encourage pension funds, insurance companies, and their asset managers to monitor and […]
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Posted in Institutional Investors, Practitioner Publications
Tagged Fiduciary duties, Fund managers, Stewardship
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What to Expect from Dodd-Frank in the 2011 Proxy Season
Editor’s Note: Holly Gregory is a Corporate Partner specializing in corporate governance at Weil, Gotshal & Manges LLP. This post is based on an extract from a Weil Gotshal Briefing; the complete article is available here. Other posts relating to the Dodd-Frank Act are available here. The new requirements of the Dodd-Frank Act and current […]
Click here to read the complete postBoards of Banks
In our paper, Boards of Banks, which was recently made publicly available on SSRN, we assemble the most complete data set on boards of banks to date. Our data allow us to draw a detailed picture of bank board composition up to and including the crisis period. The data reveal a number of new empirical […]
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