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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
Survey Highlights the Importance of Lead Directors
In 2002, the New York Stock Exchange first mandated that listed companies have a “presiding director” to undertake the functions of presiding at meetings of the independent directors and receiving communications from shareholders. In the ensuing eight years, the prevalence of presiding directors, lead directors and non-executive board chairmen (all of which we refer to […]
Click here to read the complete postNew SSRN e-journal on Bankruptcy, Financial Distress, and Reorganization
Editor’s Note: This post is part of a series introducing journals published by SSRN’s new Corporate Governance Network (CGN). CGN publishes and distributes electronic journals covering the full range of areas in corporate governance. It seeks to provide its readers with full exposure to new corporate governance research placed on SSRN irrespective of the author’s […]
Click here to read the complete postTowards a New Paradigm for Executive Compensation
Concerns about the compensation of chief executive officers and other top executives of American public companies have reached fever pitch since the financial crisis and the economic meltdown of 2009. Some observers blame the recent recession in part on the flawed compensation arrangements for the top management of major financial institutions. Nor are such concerns […]
Click here to read the complete postA Corporate Beauty Contest
In the paper, A Corporate Beauty Contest, which was recently made publicly available on SSRN, we investigate whether there is any relation between facial traits and rising to the job title of CEO. Our results, based upon a series of experiments involving close to 2,000 subjects, suggest there is a significant relation. Our first experiment […]
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Posted in Academic Research, Empirical Research
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Designating Delaware as the Exclusive Jurisdiction for Intra-Corporate Disputes
As with real estate acquisitions, where intra-corporate disputes are concerned, the key to optimal results is “location, location and location.” [1] The Delaware Chancery Court is widely regarded as the country’s preeminent business court, with experienced jurists who have deep understanding of Delaware corporate law and long standing precedent regarding corporations’ governance. Indeed, the enabling, […]
Click here to read the complete postCompetition for Managers, Corporate Governance, and Incentive Compensation
In the paper, Competition for Managers, Corporate Governance, and Incentive Compensation, which was recently made publicly available on SSRN, my co-authors (Marc Gabarro and Paolo Volpin, both at London Business School) and I theoretically explore the joint role played by corporate governance and competition among firms to attract better managers. In our principal agent problem, […]
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Posted in Academic Research, Empirical Research, Executive Compensation
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Sharp Increases in Recent FCPA Enforcement
Although enforcement of the Foreign Corrupt Practices Act (“FCPA”) has been trending upward for several years, the first quarter of 2010 saw unprecedented developments in the enforcement of the statute. In the first three months of 2010 alone, the U.S. government brought or resolved FCPA charges against thirty-six companies and individuals — thirty more than […]
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Posted in International Corporate Governance & Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged Willkie
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Creating a Dynamic Investment Management Regulatory Scheme
Editor’s Note: This post comes to us from Andrew J. Donohue, Director of the Division of Investment Management at the Securities and Exchange Commission, and is based on a recent address by Mr. Donohue to the Practising Law Institute’s Investment Management Institute, the full text of which is available here. The views expressed in the […]
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Posted in Derivatives, Securities Regulation, Speeches & Testimony
Tagged SEC
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Corporate Governance Redux in the Light of Citizens United
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. This post was the basis for a lecture that Mr. Monks recently delivered at Harvard Law School. “Presumably in a free market economy the players require some restraints in their […]
Click here to read the complete postBig Bad Banks?
Editor’s Note: Ross Levine is a Professor of Economics at Brown University. In the paper, Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States, forthcoming in the Journal of Finance, my co-authors (Thorsten Beck and Alexey Levkov) and I assess the impact of bank deregulation on the distribution of income […]
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