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Program on Corporate Governance Advisory Board
- William Ackman
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier Christine Davine
- Renata J. Ferrari
- John Finley
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
- Joseph Hall
- Jason M. Halper
- Paul Hilal
- Carl Icahn William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino Jonathan Watkins
- Steven J. Williams
- Daniel Wolf
HLS Faculty & Senior Fellows
Author Archives: Victoria Sidoti
ESMA Guidelines on ESG-related Fund Names
Following in the footsteps of similar initiatives by regulators in other jurisdictions, including the SEC’s recent tightening of investment company name requirements and the FCA’s rules around names and the marketing of investment products introduced as part of its Sustainability Disclosure Requirements and investment labelling regime, the European Securities and Markets Authority (“ESMA”) published its final Guidelines on […]
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Posted in Practitioner Publications
Tagged Environmental, ESG, ESMA, Fund managers, guidelines, Sustainability
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How Do Companies Monitor Stakeholder Grievances?
While responsible business conduct has long been a focus for activists, special interest groups and the socially responsible investment movement, in recent years, more stakeholders are recognizing the importance of global norms for responsible business conduct to prevent and mitigate adverse impact. Governments around the world are demanding more comprehensive disclosures from companies and their […]
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Posted in Practitioner Publications
Tagged Activists, disclosures, ESG, OECD, Stakeholders
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Special Litigation Committees in Caremark Cases
Today, virtually every corporate fiasco is followed by an oversight duty lawsuit against the company’s directors and officers for not doing enough to prevent the debacle. But the rapid resurgence of oversight duties has created a mismatch: the doctrine has become one of the most important in corporate law yet remains underarticulated. In a new […]
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Posted in Academic Research
Tagged Caremark, Duty of oversight, ESG, litigation, oversight duties
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Compensation Consultants and CEO Pay Peer Groups
Academics have long been interested in understanding whether pay packages for CEOs are efficiently designed. Research under the “efficient contracting” view believes high pay reflects a premium for managerial talents, human capital, and/or other non-monetary benefits. On the other hand, another strand of the literature argues that the pay-setting process is inefficient, as CEOs can […]
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Posted in Academic Research
Tagged CEO compensation, CEO Pay, Compensation consultants, peer pay effect
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Sustainability Board Preparedness in Large Family Businesses
In 2019, when we began our reporting cycle, a mere 54 of the 100 largest global companies had clearly defined sustainability oversight, with 16% of directors being ESG-engaged. After seeing only modest gains in 2020, we wanted to understand how different ownership structures might affect sustainability preparedness of boards. Our special report on publicly traded […]
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Posted in Practitioner Publications
Tagged board gender diversity, Board leadership, Board of Directors, directors, ESG, family businesses, Sustainability
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Alternative Asset Manager Governance & Succession
As founders of hedge funds and private equity funds approach retirement, it is critical for them to ensure institutional stability through well-considered succession plans and governance arrangements. Failure to properly prepare for the transition to the next generation can result in severe business instability or even a firm’s demise. This is a brief overview of key […]
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Posted in Practitioner Publications
Tagged financial planning, Founders, Hedge funds, Private equity, retirement, transitioning founder
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Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions
Regulators worldwide are responding to increasing demand for gender diversity on corporate boards by experimenting with policy interventions intended to increase female representation among board directors. In our recent article titled, “Board gender diversity and investment efficiency: Global evidence from 83 country-level interventions”, we catalog, for the first time, 83 country-level board gender diversity (BGD) […]
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Posted in Academic Research
Tagged BGD, Board composition, board gender diversity, Boards of Directors, investment
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Weekly Roundup: May 17-23, 2024
Statement by Chair Gensler on Amendments to Regulation S-P Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Friday, May 17, 2024 Tags: Data Breach, data breaches, data security, financial data, financial privacy, Regulation S-P, SEC The Limits on Sharing Confidential Information with Activists Posted by Gail Weinstein, Philip Richter, and Warren de Weid, […]
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Key Takeaways Three Years of Say-on-Climate: Most Action in Europe Say-on-climate resolutions are a relatively new genre of proposals, enabling shareholders to express a view on a company’s climate strategy. This paper reviews the votes on 87 say-on-climate resolutions in the past three years. European companies account for 83% of these proposals. Shareholder support for […]
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Posted in Practitioner Publications
Tagged Climate, climate risk, climate strategy, Shareholder, Shareholder voting
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