-
Supported By:
Subscribe or Follow
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
SEC Proposes Asset-Backed Securities Reform
On April 7, 2010, the Securities and Exchange Commission proposed significant revisions to Regulation AB and other rules relating to the disclosure, reporting and offering process for asset-backed securities. The proposed rules are intended to provide investors with more information, additional useful tools and more time to consider their investment in the asset-backed securities, and […]
Click here to read the complete post
Posted in Legislative & Regulatory Developments, Practitioner Publications, Securities Regulation
Tagged Asset-backed securities, SEC
Comments Off on SEC Proposes Asset-Backed Securities Reform
Do Global Banks Spread Global Imbalances?
In our paper, Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09, forthcoming in the IMF Economic Review, we provide evidence that global imbalances cannot explain the geography of the financial crisis of 2007-09. In particular, they cannot explain why surplus countries such as Germany and […]
Click here to read the complete postDelaware Ruling Reinforces Validity of the Poison Pill
A recent decision by the Delaware Court of Chancery strongly reinforces both the continued relevance of the shareholder rights plan and the primacy of boards’ business judgment. Selectica, Inc. v. Versata, Inc., [1] decided by Vice Chancellor Noble last month, concludes the saga of the first triggering of a modern poison pill—and represents the first […]
Click here to read the complete postF-Squared Claim Rejected
The United States District Court for the Southern District of New York has strongly reaffirmed limitations on the extraterritorial application of U.S. securities laws, concluding that U.S. investors who buy shares in foreign companies on foreign exchanges may not be able to invoke Rule 10b-5 to redress alleged frauds that principally occurred overseas. In In […]
Click here to read the complete postHow Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systematically Important?
In the paper, How Much Did Banks Pay to Become Too-Big-To-Fail and to Become Systematically Important? which was recently made publicly available on SSRN, we estimate the value of the too-big-to-fail (TBTF) subsidy. The special treatment provided to too-big-to-fail institutions during the financial crisis that started in mid-2007 has raised concerns among analysts and legislators […]
Click here to read the complete post
Posted in Academic Research, Empirical Research, Financial Crisis
Tagged Federal Reserve, Too big to fail
2 Comments
A Cautionary Tale for Audit Committee Chairs?
The SEC announced on March 15, 2010 that it had charged the former CEO, CFOs, and Audit Committee Chair of infoGroup Inc. with securities fraud and other securities law violations in connection with almost $9.5 million of undisclosed perquisites paid to the CEO and $9.3 million of undisclosed related party transactions with entities the CEO […]
Click here to read the complete post
Posted in Practitioner Publications, Securities Litigation & Enforcement
Tagged infoGroup, SEC
1 Comment
A Reexamination of Tunneling and Business Groups: New Data and New Methods
In our paper, A Reexamination of Tunneling and Business Groups: New Data and New Methods, which was recently made publicly available on SSRN, we look at emerging economies in general and at India in particular and argue for a simultaneous analysis of corporate governance and strategic activity differences in order to reveal the true quality […]
Click here to read the complete postThe Parallel Universes of Institutional Investing and Institutional Voting
The Dichotomy between Institutional Investing and Institutional Voting Over the past 30 years, institutional investing and institutional voting of portfolio shares have separated to the point that in most institutions the persons charged with making investment decisions have relatively little or no responsibility for voting the institution’s portfolio shares. While this is not universally the […]
Click here to read the complete postThe Harvard Crimson on the Harvard Forum
Editor’s Note: This is the text of an article by Zoe Weinberg that appeared in today’s Harvard Crimson, which is available here. Thirty-four of the 100 most influential figures in corporate governance are affiliated with Harvard Law School, according to a review by Directorship Magazine. The Directorship 100 List, published annually, compiles “the who’s who […]
Click here to read the complete post
Posted in Program News & Events
Tagged Directorship Magazine, Harvard Crimson
Comments Off on The Harvard Crimson on the Harvard Forum
Financial Regulatory Reform Bill Passes Senate Banking Committee and Heads to the Senate Floor
The financial regulatory reform bill passed by the Senate Banking Committee on March 22, 2010 represents the latest milestone on the road to regulatory reform. The Committee bill, as amended by the subsequent manager’s amendment, reflects a series of new proposals and compromises between legislators and regulators. A few of the key provisions of the […]
Click here to read the complete post
Posted in Financial Regulation, Legislative & Regulatory Developments, Practitioner Publications
Tagged Dodd-Frank Act
Comments Off on Financial Regulatory Reform Bill Passes Senate Banking Committee and Heads to the Senate Floor