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HLS Faculty & Senior Fellows
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
The Corporate Responsibility to Respect Human Rights
Late last month, the latest report under my mandate as Special Representative of the U.N. Secretary General on business and human rights was released in advance of the June session of the U.N. Human Rights Council (Council). This is my last interim report before I submit my final recommendations next year. In this posting I […]
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Posted in Academic Research, Corporate Social Responsibility, International Corporate Governance & Regulation
Tagged Human rights, United Nations
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The Consequences of Entrepreneurial Finance
In the paper, The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis, which was recently made publicly available on SSRN, my co-authors (William Kerr and Antoinette Schoar) and I document the role of angel funding for the growth, survival, and access to follow-on funding of high-growth start-up firms. We use a regression discontinuity approach to […]
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Posted in Academic Research, Empirical Research, Private Equity
Tagged Angel groups, Entrepreneurs
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Current Corporate Governance Trends in Germany
About a decade or so ago, publicly traded German operating companies were characterized by stable management boards with mostly German nationals serving as board members, and stable shareholder bases characterized by a preponderance of cross-holdings by German banks, insurance companies and other operating companies. In general, there was little shareholder activism and German companies were […]
Click here to read the complete postSurvey 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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