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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
- Renata J. Ferrari
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
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- Jason M. Halper William P. Mills
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HLS Faculty & Senior Fellows
Author Archives: Tarik Samman
SEC Outlines 2024 Examination Priorities
On October 16, 2023, the Securities and Exchange Commission’s (SEC) Division of Examinations (the Division) published its annual examination priorities for 2024 (2024 Priorities), which focus on “certain practices, products, and services that [the Division] believes present potentially heightened risks to investors or the integrity of the U.S. capital markets.” The Division will prioritize areas […]
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Posted in Practitioner Publications
Tagged Cryptoassets, Cybersecurity, Exchange Act, Information Security, Securities regulation
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Why Have Uninsured Depositors Become De Facto Insured?
I. Introduction The recent failures of Silicon Valley Bank and First Republic have drawn attention to how rare it is for uninsured depositors at a failed bank to bear losses. Over the past 15 years, uninsured depositors have experienced losses in only 6% of US bank failures. In a newly released paper, I show that […]
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Posted in Academic Research
Tagged bank failure, Deposit insurance, FDIC, Moral hazard
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Weekly Roundup: November 24-30, 2023
US Public Company Board Diversity in 2023: How Corporate Director Diversity Can Contribute to Board Effectiveness Posted by Merel Spierings, The Conference Board, on Friday, November 24, 2023 Tags: board diversity, directors, Diversity, Public Companies California’s Comprehensive Climate Accountability Regime: Setting an Aggressive New National Standard Posted by William J. Stellmach, Adam Aderton and William […]
Click here to read the complete postWhich ESG proposals won the favor of investors?
A select group of ESG proposals have led the way in terms of shareholder support during the 2023 proxy season. Freedom of association, alongside broader human rights reporting proposals, won occasional majority support from investors in the 2023 proxy season, as shareholders identified employee retention and recruitment as a potential risk resulting from current market […]
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Posted in Practitioner Publications
Tagged dei, ESG, freedom of association, pay equity, Shareholder
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Earnouts Update 2023
Since the COVID-19 pandemic began in 2020, there has been a higher proportion of M&A deals including earnouts—used, as usual, to bridge gaps in buyers’ and sellers’ views of valuation in light of economic and financial uncertainties in the marketplace generally and with respect to specific businesses. Also, earnouts have been used in some deals […]
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Posted in Practitioner Publications
Tagged delaware, Earnouts, litigation, M&A
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The Delaware-Inspired Next Step Toward Brazil Becoming the South American Leader in Corporate Law: Making Public Company Arbitrations a Matter of Public Record
One of the most important functions that corporate and securities laws play is in encouraging capital formation that can promote greater wealth for the well being of society as a whole. At the core of this important role of law is ensuring that investors in companies are ensured that their legitimate expectations of fair treatment […]
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Posted in Practitioner Publications
Tagged Delaware Court of Chancery
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California’s Comprehensive Climate Accountability Regime: Setting an Aggressive New National Standard
On October 7, 2023, California adopted a new set of far-reaching climate laws in the form of SB 253, the Climate Corporate Data Accountability Act (CCDAA), and SB 261, the Climate-Related Financial Risk Act (CRFRA) (collectively, the “California Climate Accountability Regime”). Because of the sheer size of the California market—the world’s fifth largest economy—the new […]
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Posted in Practitioner Publications
Tagged California, climate disclosures, CRFRA, GHG
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2023 CPA-Zicklin Index Shows Strong Increase in Number of Trendsetter, Top-Scoring Companies
With the 2024 election season ramping up, more leading U.S. corporations than ever before are receiving the highest scores for political spending disclosure and accountability, according to the annual benchmarking study recently released by the Center for Political Accountability and The Wharton School’s Zicklin Center for Governance and Business Ethics. The number of public corporations […]
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Posted in Practitioner Publications
Tagged 2023 Index, Board of Directors, ESG, S&P 500
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More Women Take CEO Jobs But Parity Still Decades Away
Our analysis of the 1,822 companies listed on the world’s leading stock indices reveals 142 CEOs left their positions so far this year. This compares to 148 across the same period in 2022, which was a record year for CEO turnover. This high level of departures should be creating an opportunity to accelerate progress on […]
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Posted in Practitioner Publications
Tagged Board of Directors, CEO turnovers, CEOs, gender gap
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