-
Supported By:

Subscribe or Follow
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: Victoria Sidoti
Convergent Evolution Toward the Joint-Stock Company
Understanding the genesis of joint-stock companies (JSCs) is crucial for identifying the essential factors that facilitated their emergence and flourishing. These factors remain absent in numerous countries that have not seen the development of the JSC. Even in developed nations, the dwindling number of listed firms raises questions about the actual presence of supportive conditions.
Click here to read the complete post
Posted in Academic Research
Tagged convergent evolution, Europe, joint-stock companies, JSCs, trade companies
Comments Off on Convergent Evolution Toward the Joint-Stock Company
2023 Biodiversity Disclosures in the Russell 3000 and S&P 500
Biodiversity Loss is an Interconnected and Existential Business Risk Biodiversity is an indicator of a healthy ecosystem, and healthy ecosystems offer value and resilience through the goods and services they provide that underpin society and businesses. Declining biodiversity could impede wealth creation: according to a 2020 report from the World Economic Forum (WEF), more than […]
Click here to read the complete post
Posted in Practitioner Publications
Tagged Biodiversity, Climate change, ecosystem, water scarcity, WEF
Comments Off on 2023 Biodiversity Disclosures in the Russell 3000 and S&P 500
Specialist Directors
What determines the effectiveness of corporate boards? Corporate legal scholars usually approach this question by focusing on directors’ incentives, such as counting how many directors are independent or whether the roles of the CEO and Chair are separated. Yet, the focus on the ground is shifting to directors’ skill sets and experience. Investors, regulators, and […]
Click here to read the complete post
Posted in Academic Research
Tagged Board composition, board diversity, board effectiveness, Climate, corporate boards, Cybersecurity, dei, directors, ESG
Comments Off on Specialist Directors
Is There a Difference Between How US and European Investors Approach Stewardship?
i. Introduction AQTION, a subsidiary of SquareWell Partners, published its inaugural study – ‘Stewardship in AQTION’ – which details how the world’s largest 65 asset managers and owners steward their portfolio companies and how they incorporate extra-financial considerations into their investment decision-making processes.
Click here to read the complete post
Posted in Practitioner Publications
Tagged AQTION, Biodiversity, ESG, investments, portfolio companies, SquareWell, Stewardship
Comments Off on Is There a Difference Between How US and European Investors Approach Stewardship?
Engaged employees are asking their leaders to take climate action
Employees with strong environmental awareness can play a pivotal role in accelerating corporate sustainability plans, yet Deloitte survey data shows that leaders could be doing more to engage their full workforce around the need for action. Addressing climate change will require both system-level changes and billions of individual ones: from how we get around, to what we […]
Click here to read the complete post
Posted in Practitioner Publications
Tagged Activism, Climate, climate action, Climate change, job satisfaction, Sustainability
Comments Off on Engaged employees are asking their leaders to take climate action
Underrepresentation of Women CEOs
Women are underrepresented in the top management of U.S. companies. According to Catalyst’s latest report, women occupied merely 41 or 8.2% of the CEO positions at S&P 500 companies in 2023.
Click here to read the complete post
Posted in Academic Research
Tagged Board composition, CEOs, gender, skills, women
Comments Off on Underrepresentation of Women CEOs
Activism Vulnerability Report
Introduction As 2023 ends, we note that it has been a mixed year for activism and M&A activity. There has been an uptick in the number of campaigns year-to-date despite a rather challenging backdrop for M&A more broadly, as interest rates climbed to levels not seen since early 2001. Interest rate-sensitive sectors experienced heightened attention […]
Click here to read the complete post
Posted in Practitioner Publications
Tagged Activism, Biotech companies, Capital markets, Market, Universal Proxy Card
Comments Off on Activism Vulnerability Report
The Impact of the Duty to Maximize Short-Term Value in Mergers and Acquisitions: An Analysis of Revlon
Approximately four decades ago, in Revlon v. MacAndrews and Forbes, 506 A.2d 173 (Del. 1986), the Delaware Supreme Court required the directors of the target company in change-of-control mergers and acquisitions (M&A) to maximize short-term value – that is, to expose the company to a market canvass and refrain from favoring one bidder over another […]
Click here to read the complete post
Posted in Academic Research
Tagged Acquisitions, delaware, Merger, Revlon, Shareholders
Comments Off on The Impact of the Duty to Maximize Short-Term Value in Mergers and Acquisitions: An Analysis of Revlon
Thoughts for Boards: Key Issues in Corporate Governance for 2024
Over the past year, expectations for directors have continued to evolve, bringing new challenges and responsibilities to the boardroom. The remarkable speed, volume and proliferation of channels through which information travels today continue to place more scrutiny on boards and heighten expectations regarding transparency and accountability. Director reputations that have been carefully built over decades […]
Click here to read the complete post
Posted in Practitioner Publications
Tagged AI, board diversity, board effectiveness, Board performance, Cybersecurity, ESG, Executive Compensation, Management
Comments Off on Thoughts for Boards: Key Issues in Corporate Governance for 2024
A Blueprint for University Governance
This is an Enron moment for university governance. In a Blueprint for University Governance (which we recently posted to SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4661313) we highlight the deficits of university governance and the need for reform. We recognize that universities are different than for-profit corporations. The governance model for corporations should not just be replicated whole-sale onto university […]
Click here to read the complete post
Posted in Academic Research, Practitioner Publications
Tagged boards, Enron, Nonprofits, universities, university boards, university governance, university presidents
Comments Off on A Blueprint for University Governance