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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
- Joseph Hall
- Jason M. Halper William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino
- Steven J. Williams
HLS Faculty & Senior Fellows
Author Archives: Tarik Samman
Doing More, Saying Less: Trends in DE&I Compensation Metrics
Amidst the debate over corporate ESG and DE&I practices, Teneo’s analysis of recent S&P 500 proxy filings reveals an interesting trend: the practice of including DE&I metrics in executive compensation is not only widespread, but increasing in prevalence. Contrary to headlines suggesting a retreat from DE&I pay measures, our findings indicate more companies have added […]
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Posted in Practitioner Publications
Tagged dei, disclosures, ESG, Executive Compensation, S&P 500
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Billionaire Superstar: Public Image and Demand for Taxation
In the United States, 741 billionaires collectively hold a staggering $5.2 trillion in wealth. The fortunes of the ultra-wealthy are anything but hidden from public view. American billionaires often lead highly visible lives, with their personal affairs frequently covered by the media. This fascination with billionaire lifestyles even extends into popular culture, where some of […]
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Posted in Academic Research
Tagged Billionaires, Public Attitudes, Tax Rates, Taxes
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Weekly Roundup: September 20-26, 2024
Stand by ESG? The State of 2024 U.S. Sustainability Reports Posted by Martha Carter, Matt Filosa, and Diana Lee, Teneo, on Friday, September 20, 2024 Tags: AI, Board of Directors, ESG, Sustainability Hot Topics for Boards and Committees Posted by Melissa Sawyer, Lauren Boehmke, and Susan M. Lindsay, Sullivan & Cromwell LLP, on Saturday, September […]
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Posted in Weekly Roundup
Tagged Weekly Roundup
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From Directors to Officers: How Fortune 1000 Companies Are Embracing Delaware’s New Legal Armor
Delaware amended Section 102(b)(7) of its General Corporation Law (DGCL) in 2022 to allow exculpation of certain senior officers from personal liability for monetary damages for breaches of their fiduciary duty of care (“Officer Exculpation”). Before it was amended DGCL §102(b)(7) only allowed exculpation for directors. To take advantage, Delaware companies need to include a […]
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Posted in Delaware Law Series, Practitioner Publications
Tagged Board of Directors, Delaware Supreme Court, DGCL, officer exculpation
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Do buy-side analysts in earnings conference calls manipulate stock prices?
In our recent study, Do buy-side analysts in earnings conference calls manipulate stock prices?, we use a unique combination of institutional trading data and conference call transcripts to shed light on why buy-side analysts participate in companies’ earnings conference calls. This is an important question because institutional investment firms can trade the stocks of the […]
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Posted in Academic Research
Tagged Conference Calls, stock market, stock prices, Trade
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Uptick in the Value of Megadeals and Sponsor Transactions Signal a Further M&A Rebound
Key Points Aggregate global M&A deal value is up significantly in 2024 (even though deal volume is down), driven in large part by the announcement of megadeals in the U.S., and reflecting an appetite for dealmaking in the medium term. Notwithstanding continued relatively high interest rates, financial sponsors have pursued some very large transactions this […]
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Posted in Practitioner Publications
Tagged deals outlook, Delaware Court of Chancery, M&A, Megadeals
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Inside Disney’s Star CEO Wars
Epic battles are the stock in trade for The Walt Disney Company (“Disney”), and not just on the big screen. Over the past 40 years, Disney has faced three waves of shareholder activism, with the first two resulting in its CEO being replaced. The most recent fight, which culminated in Disney’s annual meeting on April […]
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Posted in Practitioner Publications
Tagged CEOs, Disney, Iger, Shareholders
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Shadow Banking and Securities Law
Shadow banking may be the single greatest challenge facing financial regulation. Financial institutions that function like banks, but outside the scope of banking regulation—aptly termed, “shadow banks”—were at the heart of the 2007-2008 Global Financial Crisis and most episodes of serious financial stress since then. The direct costs of shadow banking can be significant, and […]
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Posted in Academic Research
Tagged Hedge funds, SEC, securities law, Shadow banking
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SEC brings whistleblower enforcement actions against seven companies
The SEC announced the settlement of enforcement actions against seven companies, stemming from the use of employment and related agreements that allegedly violated Dodd-Frank whistleblower protection rules. Two of the agreements were consulting agreements, demonstrating that whistleblower protection for all persons, not just employees, is a priority for the SEC’s Enforcement Division. The SEC continues […]
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Posted in Practitioner Publications
Tagged Dodd-Frank, enforcement, SEC, Whistleblowers
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The Modern Risk Review
Executive compensation can be a sensitive issue at the best of times, but particularly when governance failures allow executives to realize substantial rewards in cases of gross misconduct or shortsighted decision-making. From headlines of Enron executives siphoning away millions of dollars ahead of the company’s collapse to outcry over major financial institutions paying massive bonuses […]
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Posted in Practitioner Publications
Tagged Board of Directors, Corporate governance, Corporate Risks, Executive Compensation
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