Author Archives: Victoria Sidoti

2023 CxO Sustainability Report

Climate remains a top priority despite many pressing issues

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The economic consequences of hedge fund regulation: An analysis of the effect of the Dodd-Frank Act

In response to concerns about excessive risk-taking and misleading valuation practices in the hedge fund industry, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “DFA” or “Dodd-Frank”) in July 2010. Dodd-Frank is one of the most significant pieces of legislation ever affecting the financial sector and the hedge fund industry in […]

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Talent management: an evolving board imperative

Today’s increasingly unpredictable business environment can make management decisions more consequential. Companies face pressure to control costs and innovate amid uncertain economic conditions, a competitive talent landscape and a business environment that likely requires significant digital transformation. Talent management — having the right people in place to make those decisions — is increasingly important. And […]

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The Dynamics of Corporate Governance: Evidence from Brazil

Researchers know little about what factors influence firms’ choices about firm level corporate governance (FLCG or CG). Durnev and Kim’s (DK, 2005) theoretical model predicts that (Prediction 1) firms with better investment opportunities, more concentrated ownership, and greater need for external financing (EFN) will have better FLCG; (Prediction 2) firms that have better FLCG are […]

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Weekly Roundup: December 22-28, 2023

CEO Succession and The Walt Disney Company Posted by David F. Larcker and Brian Tayan (Stanford University), on Friday, December 22, 2023 Tags: Board of Directors, CEO compensation, CEO succession, CEO turnover, Chapek, Disney, Iger, Staggs, succession planning, talent development Delaware Chancery Court Addresses Benefit-of-the-Bargain Damages in Busted Deals Posted by Amy Simmerman, Brad Sorrels, […]

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Chancery Court Upholds Identity-Based Voting Within Single Class of Stock

A recent opinion from the Delaware Court of Chancery reaffirmed a Delaware corporation’s ability to create a class of stock with voting power that is based on a formula in the certificate of incorporation (Charter) or on facts ascertainable outside the Charter (including the identity of the holder), even if it generates different results for […]

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FASB issues final ASU requiring enhanced disclosure of segment expenses

The FASB has announced a final Accounting Standards Update designed to improve disclosures about public companies’ reportable segments, particularly disclosures about significant segment expenses—information that the FASB says investors frequently request. The ASU indicates that investors and others view segment information as “critically important in understanding a public entity’s different business activities. That information enables investors to better understand […]

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Carrots & Sticks: Understanding the DOJ’s New Compliance Rules

The Department of Justice is pushing companies to police themselves, voluntarily report misconduct and improve compliance programs. The silver lining? Companies that implement strong compliance programs and proactively report bad behavior may see reduced fines – and other dispensations.

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Refreshing Insider Trading Policies Ahead of Mandatory Public Disclosure

Recent SEC Focus on Insider Trading Insider trading has been a focus of recent regulatory rulemaking and enforcement. In December 2022, the SEC adopted significant rule changes designed to curb perceived abuse of Rule 10b5-1, which allows insiders to avoid liability for trades executed under a prearranged plan that was put in place when they […]

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Delaware Chancery Court Addresses Benefit-of-the-Bargain Damages in Busted Deals

On October 31, 2023, in Crispo v. Musk, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery issued a decision addressing an important question that arises in mergers and acquisitions: if one of the parties (usually the buyer) refuses to close the transaction, can the jilted company (usually the target company) obtain “benefit-of-the-bargain” damages […]

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