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Program on Corporate Governance Advisory Board
- Peter Atkins
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HLS Faculty & Senior Fellows
Author Archives: Tarik Samman
Shining a Sustainability Light on the Darker Side of Big Tech
At a Glance Big Tech has grown incredibly large, fueled by the unprecedented collection, processing and analysis of digital data. Yet this growth has conflicted with users’ interests, particularly in areas related to user privacy, and misinformation. This may raise questions about the sustainability of Big Tech’s growth models. At the same time, these companies’ […]
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Posted in Accounting & Disclosure, Corporate Social Responsibility, ESG, Institutional Investors, Practitioner Publications
Tagged Antitrust, Corporate Social Responsibility, Cybersecurity, ESG, GDPR, Privacy, Risk disclosure, Social media, Tech companies
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Stock Market Short-Termism: What the Empirical Evidence Tells Policymakers
In this paper and the related book section, I assess what the evidence on stock-market-induced short-termism tells us for policymaking. For this kind of policymaking purposes, we want to know whether the stock market is inducing economy-wide costs, and what the cheapest remedy would be for those costs. In public discourse, stock-market-induced short-termism is thought […]
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Posted in Academic Research, Comparative Corporate Governance & Regulation, Empirical Research, HLS Research
Tagged Capital allocation, Hedge funds, Investor horizons, Long-Term value, Macroeconomics, Repurchases, Shareholder activism, Short-termism
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Twitter vs. Musk: Musk’s Opposition to Expedited Proceedings
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE TWITTER, INC., Plaintiff, v. ELON R. MUSK, X HOLDINGS I, INC., and X HOLDINGS II, INC., Defendants. Defendants’ Opposition To Plaintiff’s Motion To Expedite Proceedings 1. This Court should reject Plaintiff Twitter, Inc.’s (“Twitter”) unjustifiable request to rush this $44 billion merger case to trial […]
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Posted in Court Cases, Mergers & Acquisitions, Practitioner Publications, Securities Litigation & Enforcement
Tagged Acquisition agreements, Delaware cases, Delaware law, Elon Musk, Merger litigation, Mergers & acquisitions, Social media, Termination, Twitter
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Statement by Chair Gensler on Proposed Amendments to Rule 14a-8
Today, the Commission will consider proposed amendments to Rule 14a-8 that would provide greater certainty as to the circumstances in which companies are able to exclude shareholder proposals from their proxy statements. I am pleased to support the proposed amendments because, if adopted, they would improve the shareholder proposal process. When shareholders buy stock in […]
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Posted in Corporate Elections & Voting, Practitioner Publications, Regulators Materials, Securities Regulation, Speeches & Testimony
Tagged No-action letters, Rule 14a-8, SEC, Securities regulation, Shareholder proposals, Shareholder voting
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Weekly Roundup: July 8-14, 2022
Combatting Racial Inequity: A Two-Year Retrospective Posted by Adam Emmerich, David Silk, and Sabastian Niles, Wachtell, Lipton, Rosen & Katz, on Friday, July 8, 2022 Tags: Accounting, Corporate Social Responsibility, Diversity, Engagement, ESG, Transparency The Proposed SEC Climate Disclosure Rule: A Comment from Jon Lukomnik and Keith Johnson Posted by Jon Lukomnik (Sinclair Capital), and Keith Johnson (Global Investor Collaboration Services, LLC), […]
Click here to read the complete postStatement by Chair Gensler on Adoption of Amendments to the Rules Governing Proxy Voting Advice
Today, the Commission will consider adopting amendments to the rules governing proxy voting advice. I am pleased to support these amendments because they address issues concerning the timeliness and independence of proxy voting advice, which would help to protect investors and facilitate shareholder democracy. Institutional investors—and their investment advisers—often find it helpful to turn to […]
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Posted in Corporate Elections & Voting, Institutional Investors, Practitioner Publications, Regulators Materials, Securities Litigation & Enforcement, Securities Regulation, Speeches & Testimony
Tagged Institutional Investors, Proxy advisors, Proxy voting, SEC, SEC rulemaking, Securities regulation, Shareholder voting
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The Proposed SEC Climate Disclosure Rule: A Comment from the Business Roundtable
This post is based on a comment letter submitted by Business Roundtable to the SEC regarding the Proposed SEC Climate Disclosure Rule. Below is the text of the letter with minor adjustments to eliminate the correspondence-related parts. This letter is submitted on behalf of Business Roundtable, an organization whose CEO members lead America’s largest companies, […]
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Posted in Accounting & Disclosure, ESG, Practitioner Publications, SEC Comment letters, Securities Regulation
Tagged Climate change, Disclosure, Environmental disclosure, ESG, SEC, SEC rulemaking, Securities regulation
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Supreme Court Decision Casts Doubt on SEC’s Climate Proposal and Other Regulatory Initiatives
On June 30, 2022, the U.S. Supreme Court decided West Virginia et al. v. Environmental Protection Agency, holding that the EPA lacks authority under Section 7411(d) of the Clean Air Act to limit greenhouse gas emissions from power plants through “generation shifting,” i.e., increasing the use of cleaner energy sources like wind and solar and […]
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Posted in Court Cases, ESG, Practitioner Publications, Securities Regulation
Tagged Climate change, Cryptocurrency, EPA, ESG, SEC, Securities regulation, Supreme Court, Sustainability
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The Proposed SEC Climate Disclosure Rule: A Comment from Scott Hirst
This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Professor Scott Hirst. Below is the text of the letter with minor adjustments to eliminate the correspondence-related parts. This letter (the “Letter”) suggests a simple, but far reaching, change to the Commission’s proposed climate-related disclosure […]
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The Proposed SEC Climate Disclosure Rule: A Comment from the U.S. Chamber of Commerce
This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by the U.S. Chamber of Commerce. Below is the text of a segment of the letter with minor adjustments to eliminate the correspondence-related parts. The U.S. Chamber of Commerce appreciates the opportunity to comment on the […]
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