Harvard Corporate Governance

OCTOBER 24, 2022

Perhaps the most important corporate law debate over the last several years concerns whether directors and executives should manage corporations to maximize value for investors, or to also take into account the interests of other stakeholders or society (see, e.g., Hart and Zingales, 2017 ; Bebchuk and Tallarita, 2020 ; Rock, 2021 ).

Marketability 261

Marketability 261

Harvard Corporate Governance

NOVEMBER 11, 2022

2017), Dell, Inc. 2017), and Verition Partners Master Fund Ltd. The second disruptive intervention occurred more recently, with the decision of three cases– DFC Global Corporation v. Muirfield Value Partners, L.P., 3d 346 (Del. Magnetar Global Event Driven Master Fund Ltd. , Aruba Networks, Inc. , 3d 128 (2019).

Appraisal 189

Appraisal Technology 189

IVSC

JANUARY 19, 2023

Susan will take up the role in March 2023 and takes over from Mark Zyla who has led the board since 2017. IVSC is pleased to announce that Susan DuRoss has been appointed the new Chair of the Standards Review Board (“SRB”). She will oversee the work of the Board for an initial three-year term.

Business Valuation 246

Business Valuation Banking 246

Harvard Corporate Governance

JUNE 14, 2024

The Russell 3000 failure rate thus far in 2024 is below 1%, marking the lowest since the 2017 voting season. Additionally, average Say on Pay support among Russell 3000 and S&P 500 companies has reached its highest level since 2017. One could look at these results and walk away confident that Say on Pay has been “figured out.”

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Harvard Corporate Governance

APRIL 13, 2022

In my paper, Disclosing Corporate Diversity , I use machine-learning techniques to analyze 3,461 CSR/ESG reports for 1,288 public companies listed on Nasdaq Stock Market LLC (Nasdaq) and the New York Stock Exchange (NYSE) for the five-year period between 2017 and 2021.

Marketability 240

Marketability 240

Harvard Corporate Governance

SEPTEMBER 30, 2022

From 2017 through 2021, each year saw between 12 and 15 such proxy contests; the first half of 2022 had 14 contests. From 2017 through 2020, activists won at least one board seat in 57% of these contests. From 2017 through 2020, activists won at least one board seat in 57% of these contests. more…).

Market Capitalization 145

Market Capitalization Marketability 145

Harvard Corporate Governance

OCTOBER 25, 2023

A 2017 Iowa Law Review article, “Campaign Finance Reform Without Law,” spotlighted how companies increasingly were adopting political disclosure and accountability policies to better manage their spending. Jackson, Jr., Jackson Jr. Companies today accept that political spending poses serious risks.

Finance 214

Finance 214

Harvard Corporate Governance

MAY 23, 2023

exchanges have seen a consistent rise in the aggregate market capitalization to GDP ratio since at least 2017, the equivalent metric for the U.K. However, the London Stock Exchange’s path differs markedly from its U.S. peers on at least one significant measure – the market capitalization to Gross Domestic Product (“GDP”) ratio.

Equity 217

Equity Marketability Market Capitalization Finance 217

Harvard Corporate Governance

JULY 17, 2024

of new directors during the quarter were women, marking the lowest percentage since Q4 2017 when 28.6% The slight uptick was not enough to move the GDI needle, which stayed put at the same point as the previous quarter at 0.59, where 1.0 represents gender parity. The most surprising statistic from the Q1 analysis is that just 30.6%

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Harvard Corporate Governance

MAY 29, 2022

Since the launch of our Fearless Girl campaign in 2017, 948 (more than 60%) of the 1,548 companies we identified in major indices with all-male boards have added at least one woman director. [1]. more…).

Marketability 226

Marketability 226

Harvard Corporate Governance

JULY 20, 2022

See our November 5, 2021, client alert “ SEC Staff Issues New Shareholder Proposal Guidance, Rescinding 2017-2019 Guidance.”). In November 2021, the Staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission (SEC) published Staff Legal Bulletin No. more…).

Corporate Finance 214

Corporate Finance Finance 214

Harvard Corporate Governance

OCTOBER 16, 2023

This action reversed positions the Staff had taken since 2017, with respect to the ordinary business grounds for excluding shareholder proposals from company proxy statements pursuant to Rule 14a-8(i)(7) and the economic relevance grounds for excluding shareholder proposals pursuant to Rule 14a-8(i)(5). 14I, 14J and 14K.

Corporate Finance 230

Corporate Finance Finance 230

Harvard Corporate Governance

JULY 16, 2024

thus far in 2024 is 50 basis points higher than the average vote result at this time last year (90.7%}, and the highest in any single year since 2017 (more…) is 120 basis points higher than the index’s 2023 year-end average, and the current S&P 500 average vote result of 89.8%

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Harvard Corporate Governance

APRIL 16, 2022

In 2017, Twitter began allowing users to opt out of this data sharing. The case arose from public statements that Twitter made about a product it offers to advertisers. Twitter has historically gathered user data and then shared that data with advertisers so that they may tailor ads to different users. more…).

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Harvard Corporate Governance

SEPTEMBER 6, 2023

Amid public concern about the widening CEO-worker pay gap, on August 5, 2015, the Securities and Exchange Commission (SEC) adopted a rule that requires listed firms to disclose the ratio of CEO compensation to the median worker compensation for fiscal years beginning on or after January 1, 2017.

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Global Finance

MARCH 22, 2023

Global Finance spoke with Poma—who has been managing director and CFO since 2017—when he recently visited New York. CFO Paolo Poma believes the company can even improve its profitability, despite economic headwinds.

Finance 126

Finance 126

Harvard Corporate Governance

MAY 17, 2023

Since 2017, the Digital Directors Network has served as a resource to the wide variety of members it represents – that is, those responsible for designing, implementing, and testing cyber governance policies and procedures.

Marketability 214

Marketability Technology 214

Harvard Corporate Governance

OCTOBER 25, 2022

They collectively own more than 20% of the S&P 500, and, as of 2017, constitute the largest shareholder in almost 90% of those companies. The largest three U.S. These asset managers are, first and foremost, fiduciaries for their clients. As fiduciaries, they owe their clients the duty of care and the duty of loyalty.

Marketability 203

Marketability 203

Harvard Corporate Governance

MAY 2, 2022

over the 2012–2017 period, as measured by persistence and predictive ability of earnings and cash flows. The results are based on comprehensive information from financial statements analyzed using across-sample and within-sample tests.

Capital Structure 229

Capital Structure Finance Marketability 229

Harvard Corporate Governance

SEPTEMBER 29, 2022

In 2017, Red Ventures, although it was aware of the accounting issues, bought Bankrate for approximately $1.4 In 2012, the SEC raised concerns with Bankrate about its financial reporting, leading to the discovery that its CFO had engaged in a form of securities fraud known as a cookie-jar accounting.

Marketability 226

Marketability Compliance 226

Harvard Corporate Governance

MAY 30, 2024

Since 2017, the Court has reviewed no fewer than five cases that have had a profound impact on the evolution of securities class action litigation. Despite being the cornerstone of securities litigation worldwide, securities class action law in the United States is continually evolving. In 2023, the Court clarified, in Slack Techs.

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Harvard Corporate Governance

NOVEMBER 22, 2022

At first sight, the lack of black representation on the board should have been a concern to investors during the BLM protests.

Start-ups 260

Start-ups Finance Compliance 260

Harvard Corporate Governance

JUNE 15, 2022

market reaction to high pay ratios therefore seems to be at odds with earlier findings from the UK that higher pay inequality is primarily a reflection of better managerial talent ( Mueller, Ouimet, and Simintzi (2017) ). more…).

Equity 229

Equity Marketability Finance 229

Appraisers Blog

JANUARY 12, 2024

I was at the ARROW conference in 2017. In reply to IMJSAYN. Definitely was. It was just in its infancy. I think they had started the research the prior year.

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Harvard Corporate Governance

NOVEMBER 28, 2023

support on average in 2017, bottoming out at 87.7% Despite these tough market conditions, investors responded positively to more modest CEO payouts. 2023 marked the first proxy season in five years where support for advisory “say on pay” proposals at S&P 500 companies increased in comparison to the previous year. average support in 2022.

Equity 162

Equity Marketability 162

Harvard Corporate Governance

JULY 28, 2022

and seven employees , including the former CFO and General Counsel, over long-running accounting improprieties from 2013 to 2017. On June 7, 2022, the SEC filed charges against New Jersey-based Synchronoss Technologies, Inc. The company settled scienter-based fraud charges and agreed to pay a civil penalty of $12.5

Compliance 218

Compliance Technology 218

Harvard Corporate Governance

MARCH 25, 2022

Organizations that interact with companies or institutions in Ukraine could be vulnerable to collateral damage (as happened in 2017 with the NotPetya malware attack). [3]. While experts believe that direct cyberattacks on companies outside Ukraine are unlikely, the risk of contagion is real. more…).

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Harvard Corporate Governance

APRIL 17, 2024

This study is a continuation of studies that we conducted in 2017 and 2020. We selected these companies to span ten major industries and provide a broad representation of market practice. Annual incentive plans are an essential tool for companies to incent and reward executives for achieving short-term financial and strategic goals.

Marketability 124

Marketability 124

Global Finance

SEPTEMBER 2, 2023

VinFast, founded in 2017 by VinGroup chair and Vietnamese billionaire Pham Nhat Vuong, became more valuable than legacy automakers such as Volkswagen, Ford, GM, Mercedes-Benz and Ferrari.

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Harvard Corporate Governance

APRIL 15, 2023

This is evident in the revised Shareholder Rights Directive adopted in 2017, and also in the most recent legislative initiatives discussed in this review.

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IVSC

FEBRUARY 21, 2024

Between 2010 and 2017, Nicolas was a corporate finance advisor and Investor Relations officer for corporate clients in several industries, including Renewable Energy. He has three decades of experience in capital markets, corporate finance, and valuations.

Business Valuation 246

Business Valuation Corporate Finance Intangible Assets Appraisal 246

Law 360 M&A

JANUARY 13, 2023

doesn't have insurance coverage for its $20 million-plus legal bill stemming from a 2017 stockholder appraisal lawsuit, rejecting the company's argument that Montana law should apply to the dispute. The Delaware Supreme Court upheld a ruling that Stillwater Mining Co.

Appraisal 98

Appraisal 98

Harvard Corporate Governance

OCTOBER 7, 2024

First published in 2017, the ECCP sets out factors that DOJ Criminal Division prosecutors will consider when evaluating the compliance program of a company facing a criminal enforcement action. Junck , and William E. On September 23, 2024, the U.S.

Compliance 124

Compliance Technology 124

IVSC

JULY 31, 2023

Drawing the conclusions from the global financial crisis, the Basel Committee on Banking Supervision (BCBS) published in December 2017 new requirements for the valuation of real estate for lending purposes in the context of the so-called ‘Standardised Credit Risk Assessment Approach’ (SCRA).

Banking 246

Banking Appraisal Marketability 246

IVSC

JANUARY 9, 2023

RQR was established in 2017 and is now covering all major European markets for offices, logistics, retail, residential and mixed-use properties. However, these concerns fail to be effectively accounted for in investment decisions. Download this interview in PDF.

Marketability 130

Marketability 130

Harvard Corporate Governance

AUGUST 5, 2024

The Tax Cuts and Jobs Act (TCJA) of 2017 significantly overhauled the U.S. This post is based on their working paper. tax code, primarily by reducing the corporate tax rate from 35% to 21% and lowering individual tax rates across most income brackets.

Finance 113

Finance 113

Value Scope

DECEMBER 1, 2023

viewership of F1 races jumped about 545,000 in 2017 and 2018 to 672,000 to 949,000 in 2021 and 1.2 The Vegas Golden Knights, founded in 2017, are the defending National Hockey League champs. The city had no major sports franchises prior to 2017. F1 interest in the U.S. Average U.S. million in 2022.

Start-ups 130

Start-ups EBITDA Business Valuation Market Capitalization 130