Harvard Corporate Governance

JANUARY 20, 2023

Bonnett, Wachtell, Lipton, Rosen & Katz, on Friday, January 20, 2023 Editor's Note: Adam J. Economic volatility dominated the corporate landscape in 2022, with inflation and stock price declines making headlines throughout the year, while the labor market remained surprisingly resilient, reinforcing the scarcity and value of key talent.

Marketability 225

Marketability 225

Harvard Corporate Governance

APRIL 14, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 14, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 7-13, 2023. Paramount Global Settles CBS – Viacom Merger Lawsuit for $122.5

Corporate Finance 225

Corporate Finance Compliance Finance Marketability 225

Harvard Corporate Governance

SEPTEMBER 20, 2023

Posted by Jason Booth, Will Arnot, and Miles Rogerson, Diligent Institute, on Wednesday, September 20, 2023 Editor's Note: Jason Booth is an Editorial Manager, Will Arnot is a Senior Editorial Specialist, and Miles Rogerson is a Financial Journalist at Diligent Market Intelligence.

Marketability 218

Marketability 218

Harvard Corporate Governance

FEBRUARY 20, 2023

Posted by Allie Rutherford, Adrienne Monley, and Eric Sumberg, PJT Camberview, on Monday, February 20, 2023 Editor's Note: Allie Rutherford is a Partner, Adrienne Monley is a Managing Director, and Eric Sumberg is a Director at PJT Camberview. This post is based on their PJT memorandum.

Marketability 232

Marketability 232

Harvard Corporate Governance

JUNE 30, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 30, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 23-29, 2023. Commentary: Our Proxy Advice is Apolitical Posted by Subodh Mishra, Institutional Shareholder Services, Inc.,

Corporate Finance 224

Corporate Finance Compliance Banking Finance 224

IVSC

MAY 2, 2023

Now in its third year, the IVSC is pleased to present the 2023 Valuation Webinar Series, Sponsored by Kroll, taking place from 7-15 June 2023. Join us for the 2023 IVSC Valuation Webinar Series, Sponsored by Kroll and be part of the global conversation shaping the future of valuation. BST / 8:00 a.m.–9:30 EDT Register here.

Banking 246

Banking Marketability 246

Harvard Corporate Governance

AUGUST 1, 2023

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Tuesday, August 1, 2023 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. This post is based on a Lazard memorandum by Ms.

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Harvard Corporate Governance

SEPTEMBER 15, 2023

Posted by Hajin Kim (University of Chicago), Joshua Macey (University of Chicago), and Kristen Ann Underhill (Cornell University), on Tuesday, September 12, 2023 Tags: Coca-Cola , Corporate governance , ESG , Regulations 2023 U.S. Regional Brief Posted by John Galloway, Vanguard, Inc.,

Banking 188

Banking Marketability 188

Harvard Corporate Governance

MAY 15, 2023

Akkoyun, White & Case LLP, on Monday, May 15, 2023 Editor's Note: Thomas W. Following a brief decline during the pandemic, shareholder activism in the US rebounded to pre-pandemic levels in 2022 despite—or perhaps because of—volatile markets, depressed share prices and macro-economic uncertainty. Posted by Thomas W. more…)

Marketability 230

Marketability Technology 230

Harvard Corporate Governance

JANUARY 6, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, January 6, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of December 30-January 5, 2023. The Top 15 Anticipated ESG-Related Considerations That Will Influence Strategy in 2023. Allen, David A.

Compliance 189

Compliance Marketability Technology 189

Harvard Corporate Governance

JUNE 16, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 16, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 9-15, 2023. Embracing Environmental Justice Initiatives to Advance Corporate Objectives Posted by Tatjana Vujic, Arie T.

Treasury 185

Treasury Marketability 185

Harvard Corporate Governance

AUGUST 8, 2024

trillion in 2023. In The Credit Markets Go Dark , we describe how private credit funds are reshaping corporate governance and corporate finance and offer new data capturing its meteoric rise. more…)

Marketability 236

Marketability Corporate Finance Equity Finance 236

Harvard Corporate Governance

OCTOBER 13, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, October 13, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 6-12, 2023 The DNA of 2023 U.S. Bell, and Ron C. Proxy Season: Recent Proxy and Annual Report Developments Posted by Laura D.

Marketability 188

Marketability 188

Harvard Corporate Governance

MAY 16, 2023

Posted by Linda Pappas, Jose Lawani, and Perla Cuevas, Pay Governance LLP, on Tuesday, May 16, 2023 Editor's Note: Linda Pappas is Principal, and Jose Lawani and Perla Cuevas are Consultants at Pay Governance LLC. We have analyzed these data to develop a framework for potential outcomes for the 2023 SOP season. more…)

Total Shareholder Return 225

Total Shareholder Return Marketability 225

Harvard Corporate Governance

NOVEMBER 10, 2023

Securities and Exchange Commission, on Wednesday, November 8, 2023 Tags: Clawbacks , Proxy season , SEC , SPACs Top 5 SEC Developments Posted by Haimavathi V. Bell, and Ron C. Uyeda, U.S.

Treasury 186

Treasury Banking Equity Marketability 186

Harvard Corporate Governance

JULY 2, 2023

Posner, Cooley LLP, on Sunday, July 2, 2023 Editor's Note: Cydney S. The SEC’s Spring 2023 Reg-Flex Agenda—according to the preamble , compiled as of April 10, 2023, reflecting “only the priorities of the Chair”—has now been posted. Thus, the nature of the SEC’s work must evolve as the markets we oversee evolve.

Marketability 222

Marketability 222

Harvard Corporate Governance

MARCH 12, 2025

Posted by Antoinette Giblin, Diligent Market Intelligence, on Wednesday, March 12, 2025 Editor's Note: Antoinette Giblin is Editorial Manager at Diligent Market Intelligence (DMI). This post is based on a Diligent memorandum by Ms. Giblin, and Josh Black. However, activists targeting U.S. more…)

Marketability 167

Marketability 167

Harvard Corporate Governance

MAY 17, 2023

Securities and Exchange Commission, on Wednesday, May 17, 2023 Editor's Note: Jaime Lizárraga is a Commissioner at the U.S. May 16, 2023 Good morning. This topic is so essential for the safety and resiliency of our capital markets. Securities and Exchange Commission. This post is based on his recent public statement.

Marketability 210

Marketability Technology 210

Harvard Corporate Governance

NOVEMBER 3, 2023

Posner, Cooley LLP, on Thursday, November 2, 2023 Tags: CFO , Pareteum , SEC , Section 17(a) 1: How Did the Activists Vote? Circuit , ESG , intraportfolio , SEC SEC charges executives with fraudulent revenue recognition practices Posted by Cydney S.

Dividends 184

Dividends Equity Marketability 184

Harvard Corporate Governance

APRIL 13, 2023

Tröger (Leibniz Institute for Financial Research) , on Thursday, April 13, 2023 Editor's Note: Alperen A. Time and again, market developments seemed to corroborate Jensen’s hypothesis with various trajectories of growing private markets and lagging public markets. more…)

Corporate Finance 235

Corporate Finance Marketability Finance 235

Harvard Corporate Governance

JANUARY 29, 2024

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Monday, January 29, 2024 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. This post is based on a Lazard memorandum by Ms.

Marketability 176

Marketability 176

Harvard Corporate Governance

APRIL 17, 2023

Posted by Peter Reali and Anthony Garcia, Nuveen, on Monday, April 17, 2023 Editor's Note: Peter Reali is Managing Director and Global Head of Stewardship and Anthony Garcia is Senior Director of Investment Stewardship at Nuveen. In our view, the 2023 proxy season is likely to put the following four perspectives into the spotlight: 1.

Marketability 201

Marketability 201

Musings on Markets

FEBRUARY 8, 2024

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While these seven stocks had an exceptional year in 2023, their outperformance stretches back for a much longer period.

Marketability 139

Marketability Market Capitalization Start-ups Equity 139

Harvard Corporate Governance

MARCH 28, 2023

Posted by Ryan Colucci, Compensation Advisory Partners, on Tuesday, March 28, 2023 Editor's Note: Ryan Colucci is a Principal at Compensation Advisory Partners. billion and median market capitalization of $7.0 This post is based on his CAP memorandum. The sample consists of fifty cross-industry companies with median revenue of $4.6

Equity 226

Equity Market Capitalization Marketability 226

Harvard Corporate Governance

APRIL 17, 2023

Posted by Andrew Metrick (Yale University) and Paul Schmlezing (Boston College), on Monday, April 17, 2023 Editor's Note: Andrew Metrick is the Janet L. In March 2023, the failure of Silicon Valley Bank (SVB) shocked global financial markets. This post is based on their recent paper.

Banking 209

Banking Finance Marketability 209

Harvard Corporate Governance

OCTOBER 13, 2023

Posted by Chuck Callan, and Mike Donowitz, Broadridge, on Friday, October 13, 2023 Editor's Note: Chuck Callan is a Senior Vice President of Regulatory Affairs and Mike Donowitz is a Vice President Regulatory Affairs at Broadridge Financial Solutions. This post is based on their Broadridge memorandum. As a group, retail investors held 31.5%

Marketability 167

Marketability 167

Harvard Corporate Governance

APRIL 20, 2023

on Thursday, April 20, 2023 Editor's Note: Amit Batish is Director of Content at Equilar, Inc. The 2023 proxy season is officially underway. public companies by revenue—as of March 14, 2023. Additionally, 2021 was a strong market year prior to any inflation and recession concerns. Posted by Amit Batish, Equilar, Inc.,

Marketability 205

Marketability 205

Harvard Corporate Governance

AUGUST 2, 2023

Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Wednesday, August 2, 2023 Editor's Note: Marc S. A wide range of market participants have worked together to respond to the demand for increasing ESG data and clear standards. Posted by Marc S. more…)

Marketability 189

Marketability 189

Harvard Corporate Governance

FEBRUARY 8, 2023

Posted by Victor Goldfeld, Mark Stagliano, and Anna D’Ginto, Wachtell, Lipton, Rosen & Katz, on Wednesday, February 8, 2023 Editor's Note: Victor Goldfeld and Mark Stagliano are Partners and Anna D’Ginto is an Associate at Wachtell, Lipton, Rosen & Katz. D’Ginto, Adam O.

Finance 173

Finance Marketability 173

Harvard Corporate Governance

DECEMBER 5, 2023

In Market Response to Racial Uprisings , we study how such uprisings influence firms with connections to law enforcement. student of Applied Economics at University of Pennsylvania. The movement, which resulted in the largest sustained protest in U.S. history, sparked numerous debates about the role of policing in the U.S.

Marketability 218

Marketability 218

Harvard Corporate Governance

AUGUST 2, 2023

Posted by Kris Pederson, EY, on Wednesday, August 2, 2023 Editor's Note: Kris Pederson is Leader at the EY Americas Center for Board Matters. This post is based on her NACD piece. Board oversight of and, when appropriate, participation in engagement discussions can enhance the success of these efforts.

Marketability 187

Marketability 187

Harvard Corporate Governance

JANUARY 13, 2024

In our memo early last year, we noted that private equity investors and dealmakers faced considerable uncertainty heading into 2023 following a challenging 2022. Not many would have predicted the rebound in equity markets in the second half of 2023 or the rising (for now) prospects of a soft landing for the broader U.S.

Equity 163

Equity Finance Marketability 163

Harvard Corporate Governance

OCTOBER 2, 2023

Investors may have incentives to keep secret these activities to maintain their trading advantage over the market. Site visits are considered costly and significant activities for investors to acquire information. Therefore, it raises the question of why an investor would voluntarily disclose the incidence of their site visits.

Marketability 218

Marketability Finance Technology 218

Harvard Corporate Governance

SEPTEMBER 11, 2023

Pierce (Georgia State University), on Monday, September 11, 2023 Editor's Note: Andrew T. However, because of long-run persistence in insider trading enforcement and a lack of variation in the underlying laws, we have surprisingly little well-identified empirical evidence on the market benefits conveyed by strictly regulating insider trading.

Marketability 209

Marketability 209

Harvard Corporate Governance

MAY 23, 2023

Reddy (University of Cambridge) , on Tuesday, May 23, 2023 Editor's Note: Brian Cheffins is the S. 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. s market capitalization/GDP ratio consistently trended higher than the U.S.’s,

Equity 213

Equity Marketability Market Capitalization Finance 213

Harvard Corporate Governance

JULY 17, 2023

Cheffins (University of Cambridge), on Monday, July 17, 2023 Editor's Note: Brian Cheffins is the S. In a recent Harvard Law School Forum on Corporate Governance post we drew attention to declining equity markets in the United Kingdom and canvassed various possible explanations for the trend. Posted by Brian R. more…)

Marketability 189

Marketability Equity Finance 189