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Program on Corporate Governance Advisory Board
- Peter Atkins
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HLS Faculty & Senior Fellows
Author Archives: Tarik Samman
Testimony by Chair Gensler Before the U.S. House of Representatives Committee on Financial Services
Good morning, Chairman McHenry, Ranking Member Waters, and members of the Committee. Thank you for inviting me to testify today. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the SEC […]
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Posted in Practitioner Publications
Tagged Climate Risk Disclosure, Crypto, equity markets, SEC
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How Prevalent Are Short Squeezes? Evidence From the US and Europe
A short squeeze is triggered if there is pressure on short sellers to cover their positions because of a sharp price increase or a recall of borrowed shares. This drives short sellers to close their positions early. In this article, we construct a novel measure for identifying short-squeeze events triggered by sharp price increases, i.e., […]
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Posted in Academic Research
Tagged EU, Market, regulation, SEC
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The Activism Vulnerability Report
Introduction R-E-S-P-E-C-T … One year down in UPC! UPC, also known as Universal Proxy Card, has surely garnered “respect” from both issuers and activists alike. FTI Consulting’s Activism and M&A Solutions team touches on this, as well as how a culture change in Japan is igniting a surge of activism, in our September 2023 Activism […]
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Posted in Practitioner Publications
Tagged Activism, ETF, M&A, Universal Proxy Card
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Regulatory Intensity and Firm-Specific Exposure
Summary Regulation is a fundamental economic concept. It triggers heated political debates, and it is also constantly on the minds of business owners, who cite regulation as a major factor that affects capital structure, employment, and innovation. Despite its importance, there is surprisingly little research on the economics of regulation. Of course, many studies focus […]
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Posted in Academic Research
Tagged political economy, RegIn, regulation, SGA
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Potentially Unfinished Leadership Business from the McDonald’s Decisions
With the benefit of a half-year of hindsight, it is worthwhile to confirm the compliance and risk-related lessons arising from the two recent. Delaware decisions addressing the McDonald’s workforce culture controversy.[1] For notwithstanding their technical Caremark guidance,[2] it has become clear over time that these decisions offer very practical lessons for corporate leadership as to […]
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Posted in Practitioner Publications
Tagged McDonald
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Institutional Investors, Climate Disclosure, and Carbon Emissions
Institutional Investors, climate disclosure, and carbon emissions There is an ongoing debate over the role institutional investors play in the global effort to control climate risk. While some contend that asset managers can contribute significantly in pushing companies to reduce their carbon footprint, others are more skeptical and recommend that authorities focus on traditional regulatory […]
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Posted in Academic Research
Tagged CDP, Climate Disclosure, ESG, SEC
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2023 Corporate Governance developments
Hot Topics for Boards and Committees Board Agenda Topics Addressing the Use of Artificial Intelligence Many boards are seeking a general understanding of AI, how their companies and peers are using it, and potential risks and concerns arising from the use of AI, including any cybersecurity, privacy and other liability issues, as well as employee […]
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Posted in Practitioner Publications
Tagged Audits, Diversity, ESG, Universal Proxies
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SEC Adopts Substantive Requirements for Advisers to Private Funds
On August 23, 2023, the US Securities & Exchange Commission (SEC) adopted new and amended rules (the New Rules) under the Investment Advisers Act of 1940 (Advisers Act) that focus on the SEC’s desire to address what it views to be “risks and harms that are common in an adviser’s relationship with private funds and […]
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Posted in Practitioner Publications
Tagged Advisers Act, Clawbacks, Restricted Activities, SEC
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The EU’s New ESG Disclosure Rules Could Spark Securities Litigation in the US
Key Points The EU’s comprehensive new ESG disclosure requirements will force many multinationals with operations in Europe to decide how much information to disclose where, and to take measures to ensure their disclosures are consistent. The granular information required by the EU could feed litigation in the U.S. if the disclosures appear false or misleading, […]
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Posted in Practitioner Publications
Tagged CSRD, ESG, EU, SEC
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