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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: Tarik Samman
FTC Noncompete Rule Is Set Aside, But Appeal Is Expected and States May Act
On August 20, 2024, in Ryan LLC v. Federal Trade Commission, a district court in the Northern District of Texas held “unlawful and set[] aside” the Federal Trade Commission’s (FTC) Non-Compete Rule, 16 C.F.R. § 910.1–.6. That rule, which was scheduled to take effect on September 4, 2024, would have broadly banned virtually all noncompete clauses […]
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Posted in Practitioner Publications
Tagged APA, FTC, Ryan LLC v. Federal Trade Commission, Supreme Court
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Dealing with Activist Hedge Funds and Other Activist Investors
Activism has remained robust over the past year, following a post-pandemic rebound. As we have previously noted, regardless of industry, size or performance, no company is too large, too popular, too new or too successful to consider itself immune from activism. Although poor stock price performance and operational and strategic missteps can increase vulnerability, even […]
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Posted in Practitioner Publications
Tagged Activists, Board of Directors, Hedge funds, Institutional Investors, investors
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The Politicization of Social Responsibility
Our paper analyzes whether institutional investors’ votes on environmental and social proposals, commonly referred to as socially responsible investing (SRI) proposals, differ with which political party currently controls the government of the firm’s headquarters state. We find that institutional investors are less likely to back these proposals for firms headquartered in states governed by Republican […]
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Posted in Academic Research
Tagged American Politics, Corporate Voting, Institutional Investors, socially responsible investing
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Private company outlook: Governance
Deloitte asked 100 C-level private business leaders about their outlook regarding business priorities, corporate governance, AI and business risks in the next 12 months. OBJECTIVE Deloitte Private’s pulse survey, “Private Company Outlook,” gauges private company leaders’ perspectives on opportunities and risks to business now and in the future. AUDIENCE The survey of 100 private company […]
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Posted in Practitioner Publications
Tagged AI, Board of Directors, C-suite, Climate, Corporate governance, Cybersecurity
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SEC Files Brief in Support of Climate Disclosure Rules
What You Need To Know The U.S. Securities and Exchange Commission (SEC) has filed a legal brief in the Eighth Circuit Court of Appeals in support of its controversial climate disclosure rules (Climate Rules). The SEC argues it has express statutory authority from Congress to adopt the Climate Rules, that it acted reasonably in adopting […]
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Posted in Practitioner Publications
Tagged APA, Climate, Loper Bright, SEC
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The tech-forward boardroom: Fostering richer boardroom conversations on technology
As technology continues to be an important driver in business transformation across organizations, there’s been a steady increase in boards looking to appoint board members with technology experience over the past few years. According to Deloitte’s 2023 Global Technology Leadership Study, 67% of organizations surveyed say at least one of their board members has experience in […]
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Posted in Practitioner Publications
Tagged AI, Boardroom, C-suite, Corporate governance, technology
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Misalignment Under the Radar: Stealth Dual-Class Stock
Executive Summary Traditional dual-class or multi-class stock structures have received significant attention from market participants because of the disconnect they create between voting rights and economic ownership, thereby insulating company insiders from accountability to the company’s owners. However, it is important for investors to understand that companies can deliver substantially similar entrenchment mechanisms without creating […]
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Posted in Practitioner Publications
Tagged Board of Directors, Dual-class stock, IPOs, Voting Rights
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Weekly Roundup: August 23-29, 2024
Federal Court Issues Nationwide Injunction Blocking FTC Non-Compete Ban Posted by Michael J. Schobel, Erica E. Aho, and Jonathan C. Nickas, Wachtell, Lipton, Rosen & Katz, on Friday, August 23, 2024 Tags: FTC, Ryan LLC v. FTC Integrating Geopolitics and Sustainability for Future-Ready Leadership Posted by Fatima Hadj, Chloe Demrovsky, and Frederik Otto, The Sustainability […]
Click here to read the complete postProxy Season Global Briefing: Shareholder Rights & Corporate Governance
The 2024 proxy season saw shareholder rights and corporate governance standards put to the test. Prioritizing market competitiveness, exchanges and regulators in several countries proposed or implemented reforms that threaten longstanding investor protections; the U.S. saw an increase in accounting and anti-takeover concerns, as issuers that listed during the 2020-2022 SPAC/IPO boom continue to adjust […]
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Posted in Practitioner Publications
Tagged Corporate governance, IPOs, Proxy season, Shareholders
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The Golden Revolving Door
Summary In the dynamic landscape of today’s interconnected global economy, geopolitical disruptions can send shockwaves along global supply chains through international trade. While many firms struggle to navigate these turbulent waters, some manage to sail smoothly—and even thrive. The secret? Our latest research discovers that government connections, especially those established by recruiting ex-government employees, play […]
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Posted in Academic Research
Tagged China, Geopolitical, Global Trade, Human capital
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