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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
Philippe Camus Discusses Alcatel Lucent Merger
Alcatel-Lucent Chairman Philippe Camus was recently a guest speaker in Visiting Professor Laurent Cohen-Tanugi’s course on Transatlantic Mergers & Acquisitions. Mr. Camus, who expressed himself in his personal capacity, took on his position as Chairman in the second year following the merger of Alcatel and Lucent after the withdrawal of the executive team (Serge Tchuruk […]
Click here to read the complete postKeep the Banks out of the Public-Private Investment Funds
Editor’s Note: This post is based on an op-ed piece by Lucian Bebchuk published today in FinancialTimes.com. Professor Bebchuk’s most recent posts about the Public-Private Investment Program are available here and here. Should banks with large amounts of troubled assets be allowed to participate as managers or investors in funds set up under the US’s […]
Click here to read the complete postShort Sale Proposals: Key Questions
The Securities and Exchange Commission will hold a roundtable at its headquarters in Washington, DC today to discuss issues raised by its recent proposals to restrict short sales. Questions will be directed to three main topics: 1) Market Changes and Investor Confidence; 2) Bid versus Tick versus Circuit Breakers; and 3) Lessons and Insights from […]
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Posted in Financial Regulation, Practitioner Publications, Securities Regulation
Tagged Exchange Act, Rule 10a-1, SEC, Short sales
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Delaware Adopts DGCL Amendments
SUMMARY The Delaware legislature has enacted a number of amendments to the Delaware General Corporation Law (the “DGCL”) relating to the governance of Delaware corporations. The amendments address current corporate governance issues concerning: (i) proxy access and expense reimbursement; (ii) director indemnification and advancement of expenses; (iii) judicial removal of directors; and (iv) flexibility in […]
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Posted in Boards of Directors, Corporate Elections & Voting, Legislative & Regulatory Developments, Practitioner Publications
Tagged DGCL, Proxy access, Proxy contests
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Peer Firms in Relative Performance Evaluation
Agency theory suggests that the compensation of chief executive officers (CEOs) should be linked to firm performance to motivate CEOs to maximize shareholder value. Further, the hypothesis of relative performance evaluation (RPE) states that the firm performance measure used in CEO pay should exclude the component driven by exogenous shocks. Despite much research in this […]
Click here to read the complete postM&A Strategies for Bankruptcy and Distressed Companies
Editor’s Note: This post is by John M. Reiss, Matthew J. Kautz, Thomas E. Lauria, and Gerard H. Uzzi of White & Case LLP. The beginning of the credit crisis in mid-2007 and other recent economic trends have increased the number of distressed companies that are seeking to sell assets as part of their plans […]
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Posted in Banking & Financial Institutions, Bankruptcy & Financial Distress, Financial Crisis, Mergers & Acquisitions
Tagged Bankruptcy, Distressed companies, White & Case
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PWC 2008 Securities Litigation Study
In PricewaterhouseCoopers’ 13th annual evaluation of private securities class action lawsuits, one thing is glaringly obvious: While 2008 was an extraordinary year for litigators, it also demonstrated how extremely vulnerable giant financial institutions and entire economies are to fissures in the financial system. In the seemingly free-falling economic environment of the latter part of the […]
Click here to read the complete postObstacles to a Quick Chrysler Bankruptcy
Editor’s Note: This post is based on an op-ed piece by Professor Mark Roe in today’s Wall Street Journal. Yesterday, Chrysler filed for Chapter 11 bankruptcy protection in preparation for a partnership with Italy’s Fiat. President Barack Obama says he hopes the bankruptcy proceeding will be quick and efficient, done in 30-60 days. I hope […]
Click here to read the complete postThe SEC Outlines its Enforcement Agenda
Editor’s Note: The post below by Chairman Schapiro is a transcript of remarks by her to the Society of American Business Editors and Writers, Denver, on April 27, 2009. It’s an honor to be here with you today because in so many ways we share the same goal. We all strive to achieve an “informed […]
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Posted in Financial Crisis, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged Investor protection, Proxy access, SEC, SEC enforcement
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Inheritance Law and Investment in Family Firms
In my paper Inheritance Law and Investment in Family Firms (co-written with Andrew Ellul and Marco Pagano) which I recently presented at the Law, Economics and Organizations Seminar at Harvard Law School, my co-authors and I investigate whether inheritance laws reduce investment and growth in family firms. Inheritance laws may constrain entrepreneurs to bequeath a […]
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Posted in Academic Research, Empirical Research, International Corporate Governance & Regulation, Legislative & Regulatory Developments
Tagged Entrepreneurs, Small firms
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