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The Market for Corporate Criminals

Harvard Corporate Governance

As a result, this problem could represent social cost in that one of corporate law’s key mechanisms for addressing business deficiencies—the market for corporate control—might fail when the deficiency in question is a culture of lawbreaking.

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Do Equity Markets Care About Income Inequality? Evidence from Pay Ratio Disclosure

Harvard Corporate Governance

financial markets and shareholders assess the dispersion in pay between a firm’s top executives and rank-and-file employees. We find that firms reporting a higher pay ratio experience a significantly lower market reactions than firms reporting a lower pay ratio. However, it is largely unknown how U.S. more…).

Equity 228
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Murder on the City Express – Who is Killing the London Stock Exchange’s Equity Market?

Harvard Corporate Governance

As private corporations have found it easier in recent years to raise capital from the private markets, the number of public firms listed on U.S. Why tap public investors for finance, and become exposed to burdensome regulation and the vicissitudes of the public markets, when growth can be sustained with private capital?

Equity 216
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How Much Do Investors Care About Social Responsibility?

Harvard Corporate Governance

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 ).

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Board Gender Diversity

Harvard Corporate Governance

To understand market-specific challenges and equip companies with best practices for diversifying boards, we recently conducted an engagement campaign with portfolio companies in markets that have relatively high or low representation of women directors compared to their economic and regional peers. more…).

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Remarks by Commissioner Lizárraga before the Digital Directors Network 2023 Conference

Harvard Corporate Governance

This topic is so essential for the safety and resiliency of our capital markets. 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.

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Prudential Property Value: Our Efforts to Ensure Transparency and Consistency

IVSC

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). The new Article 229 CRR reads: 1.

Banking 246