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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
Internal Governance of Firms
In The Internal Governance of Firms, which was co-written with Viral Acharya and Stewart Myers, and which I recently presented at the Finance Seminar at Harvard Business School, we argue that there are important stakeholders in the firm, particularly its junior managers, who care about its future even if the CEO acts in his or […]
Click here to read the complete postThe Limits of Private Ordering
In June 2009, the Securities and Exchange Commission proposed to require public companies, under certain circumstances, to include in the company proxy statement and proxy card the names of director nominees submitted by substantial long-term shareholders (generally referred to as “access to the proxy” or “proxy access”). At the same time, the SEC proposed to […]
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Posted in Academic Research, Corporate Elections & Voting, Empirical Research
Tagged Private ordering, Proxy voting, Rule 14a-8, SEC
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Do Envious CEOs Cause Merger Waves?
In our paper, Do Envious CEOs Cause Merger Waves?, which was recently accepted for publication in the Review of Financial Studies, we develop a theory which shows that merger waves can arise even when the shocks that precipitated the initial mergers in the wave are idiosyncratic. We start with a simple premise: CEOs have preferences […]
Click here to read the complete postHow Recent Proxy Changes Will Affect the Corporate Landscape
This week we bring you the second interview our “The Altman Interview” series where we speak with top experts and thought-leaders having an impact on corporate governance. Our interview with attorney Holly J. Gregory covers 10 questions on hot button issues for 2010. Ms. Gregory is a well-known and highly respected figure in the world […]
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Posted in Boards of Directors, Corporate Elections & Voting, Practitioner Publications
Tagged Private ordering, Proxy access, Proxy season, Say on pay
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Communications with Financial Analysts and Related Disclosure Issues
Securities analysts play a key role in securities markets, and publicly held companies as a matter of market practice regularly brief them to help them understand company results and business trends. There have been some unfortunate instances, however, in which analysts have received nonpublic information on which their clients have acted before the information was […]
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Posted in Accounting & Disclosure, Financial Regulation, Practitioner Publications
Tagged Disclosure, Financial advisers, Regulation FD, SEC
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The Merger Agreement as a Contract
Recently, in the Mergers and Acquisitions course at Harvard Law School, three preeminent M&A practitioners discussed the Merger Agreement as a Contract with Vice Chancellor Leo Strine, Jr., who teaches the class. The panelists were Rick Climan, a partner in the Mergers and Acquisitions group at Dewey & LeBoeuf LLP; Faiza Saeed, a partner in […]
Click here to read the complete postRegulation and Class Actions
This post comes to us from Eric Helland of Claremont McKenna College and Jonathan Klick of the University of Pennsylvania Law School. Regulation and litigation do not occur in isolation. In almost every case of a harm which leads to litigation some regulatory agency had initially monitored the activity that lead to the harm. Thus […]
Click here to read the complete postToo Big to Save: How to Fix the US Financial System
This post is a review of Robert Pozen’s recent book, “Too Big to Save: How to Fix the US Financial System” by Sean Cameron, MBA Candidate at Harvard Business School. Bob Pozen’s book, Too Big to Save: How to Fix the US Financial System is one of the most important books on financial reform written […]
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Posted in Financial Crisis, Financial Regulation
Tagged Financial crisis, Governance reform, Too big to fail
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