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Deregulation and Board Policies: Evidence from Performance Measures Used in Bank CEO Turnover Decisions

Harvard Corporate Governance

In contrast, most variation in CEO wealth stems from changes in the value of stock and option holdings, so the incentives arising from the CEO’s compensation are partly delegated to the equity markets (Hall and Liebman 1998; Edmans, Gabaix, and Jenter 2017).

Banking 202
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The Uncertain Role of Institutional Investors in Promoting Corporate Diversity

Reynolds Holding

On March 7, 2017, the eve of International Women’s Day, State Street Global Advisors initiated its “Fearless Girl” campaign, an effort to increase the number of female directors on the boards of its portfolio companies. [1] 13, 2017), [link] [3] See Todd A. Gormley, Vishal K. Gupta, David A. Matsa, Sandra C.

Equity 80
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ESG Investing Clearly Serves Pecuniary Interests

Reynolds Holding

In July, 2017, the stock of NYSE-traded Tahoe Resources dropped 33 percent when the Supreme Court of Guatemala suspended its license to operate the world’s third-largest silver mine. [14] Mining.com, July 6, 2017. Filed by: Shin Imai, Justice and Corporate Accountability Project, May 8, 2017. Available here. [14] Choi, Mary C.

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How Private Rights of Action in Securities Laws Affect the Capital Markets

Reynolds Holding

Few topics in the corporate and securities law literature are as controversial as securities class actions – that is, actions in which shareholders of public firms seek to collectively obtain compensation for damages resulting from false or misleading statements in corporate disclosures. National Australia Bank Ltd.

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Why Do Companies Going Public Choose Controversial Governance Structures, and Why Do Investors Let Them?

Reynolds Holding

Over the past three decades, there has been increasing concern about how corporate governance structures such as classified boards and dual class stock entrench managers, reduce director effectiveness, and reduce firm value. Likely as a result, mature firms have increasingly eliminated these structures.

Equity 49
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Boardroom Gender-Diversity Reforms and Institutional Monitoring

Reynolds Holding

We test our predictions using a difference-in-differences design based on a worldwide sample from 2000 to 2017. Our treatment sample consists of firms from 25 countries that amended a corporate governance code or enacted legislation to improve boardroom gender diversity.

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What the Rise of Indexing Means for Corporate Governance

Reynolds Holding

Fahlenbrach (2017). Do Exogenous Changes in Passive Institutional Ownership Affect Corporate Governance and Firm Value? Michaely, and M.C. Ringgenberg (2022). Do Index Funds Monitor ? Review of Financial Studies 35, 91-131; Schmidt, C., Journal of Financial Economics 124, 285-306. [4] 4] Brav, A., Pinnington (2022).