Harvard Corporate Governance

SEPTEMBER 22, 2023

A look at the demographic makeup of the latest independent board directors Bringing on new board members presents a valuable opportunity for companies to benefit from fresh insights and expertise. This post is based on an ISS Corporate Solutions memorandum by Sandra Herrera Lopez, Ph.D.,

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Harvard Corporate Governance

AUGUST 13, 2024

In our recent study, “The Short-Termism Trap: Catering to Informed Investors with Limited Horizons,” published in the Journal of Financial Economics, we present a model that illustrates how the short-term focus of informed investors can lead firms and the stock market into a destructive cycle of short-termism. more…)

Finance 273

Finance Equity Marketability 273

Harvard Corporate Governance

FEBRUARY 11, 2023

In this lecture, after summarizing the “Delaware way,” I present my research on shareholder typologies, then canvas core topics in corporate governance today along with current debates about corporate purpose.

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Harvard Corporate Governance

OCTOBER 24, 2024

It presents risks to cybersecurity, as well. I’ll also touch on public policy challenges AI presents to cybersecurity and how governments and regulators are responding. Generative AI models, which create new data in response to queries, can hallucinate or make up content. Global cooperation remains essential. more…)

Technology 247

Technology Marketability 247

Harvard Corporate Governance

MAY 4, 2024

This Board Practices Quarterly presents findings from a survey of members of the Society for Corporate Governance on the board’s leadership structure, independence, and involvement in a number of business matters, including activities related to corporate strategy, human capital, risk and risk management, and operations.

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Harvard Corporate Governance

FEBRUARY 4, 2023

While these ESG issues present varying challenges and complexities, both transparency and accountability are key determinants of the success of our engagements with corporate credit issuers. We engaged on key ESG issues such as climate change, community relations and human capital management.

Marketability 337

Marketability 337

Brian DeChesare

DECEMBER 4, 2024

This BofA presentation on the Raiders’ stadium in Clark County has many key points, as does this one for the Tennessee Titans’ stadium. Examples Valuations, Fairness Opinions, and Bank Presentations Finding these presentations and Fairness Opinions was quite difficult because most sports M&A deals involve non-public assets.

Banking 105

Banking Finance Technology Equity 105

IVSC

MARCH 31, 2025

The explosion of generative AI presents both opportunities and challenges. We addressed ESG considerations through perspective papers that explored how value arises from these factors, leading to enhancements to the IVS to support valuers in considering ESG factors in the valuation process.

Intangible Assets 130

Intangible Assets Business Valuation Enterprise Value Technology 130

Harvard Corporate Governance

DECEMBER 23, 2024

The following discussion explores some of the risks companies and investors face related to labor rights issues in the current operating environment and presents data on related shareholder proposals and voting trends, as well strategies investors may employ to engage with companies on labor-rights issues. more…)

Equity 144

Equity 144

Harvard Corporate Governance

MAY 17, 2022

As we sit squarely in the middle of proxy season, we have a useful vantage point from which to consider already announced shareholder proposals and anxiously await investor feedback on those matters presented for shareholder votes.

Equity 225

Equity 225

Harvard Corporate Governance

JUNE 17, 2022

These issues also present themselves to fixed income investors who identify a lack of standardisation across ESG bond ratings as the top barrier. Difficulties with the quality and accessibility of data and inconsistent ratings are hampering the ability of investors to adopt, incorporate and implement ESG.

Alpha 358

Alpha 358

BVR

JULY 29, 2022

As the 2022 AAML/BVR National Divorce Conference gets closer and our speakers rev up to present their amazing slate of topics, we thought we’d share a few more of the upcoming topics of discussion to whet your appetite for the can’t-miss event.

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Harvard Corporate Governance

OCTOBER 17, 2022

My book, The Valuation Treadmill: How Securities Fraud Threatens the Integrity of Public Companies , traces the history of securities fraud regulation from the 1960s to the present to better understand the problem of public company securities fraud.

Marketability 269

Marketability 269

Harvard Corporate Governance

JANUARY 23, 2023

For chief executives and boards, the disconnect with investors presents a dilemma: can their company perform well for investors and pursue a clear ESG strategy at the same time? And roughly half of that group were especially unyielding and would not accept any decline in returns at all.

Technology 358

Technology 358

Harvard Corporate Governance

JANUARY 4, 2023

At the same time, sustainability also presents an enormous opportunity for value creation to those that develop more sustainable products or solutions.

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Harvard Corporate Governance

MAY 6, 2023

The research presented here is US-centric and should be viewed with an awareness of regional nuance. Based on our engagement with investment management companies and former DEI executives across many sectors, we’ve mapped out key criteria that investors should look for when evaluating a company’s DEI program. more…)

Equity 240

Equity Marketability 240

Harvard Corporate Governance

NOVEMBER 28, 2022

Navigating this rapidly-evolving market presents a challenge for any business leader. Whether a company needs to transform its capabilities, supply chains, or go-to-market approach, the market is impatient and one of the fastest ways to accelerate transformation is through M&A.

Marketability 295

Marketability Equity 295

Mckinsey and Company

MARCH 5, 2025

In this ever-evolving region, 18 arenas of competition will present challenges and opportunities that determine the future of New York.

Marketability 134

Marketability 134

Harvard Corporate Governance

MAY 8, 2022

The defendant also failed to present sufficient evidence of past discrimination, the court said. Instead, the law applied across all industries in California.

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Harvard Corporate Governance

NOVEMBER 24, 2023

The analysis is based on recently filed proxy statements and complemented by the review of organizational documents (including articles of incorporation, bylaws, corporate governance principles, board committee charters, and other corporate policies made available in the Investor Relations section of companies’ websites).

Equity 322

Equity 322

Harvard Corporate Governance

JANUARY 23, 2023

The uncertainty and downsides that will be characterizing the forecasts that managements present to boards at the outset of 2023 will be fueling this tension between the approaches of boards and the approaches of institutional shareholders to sales of companies in 2023.

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Harvard Corporate Governance

FEBRUARY 27, 2025

This explicit private ordering bundling has several advantages over the present approach, which implicitly bundles the consummation of the transaction with the cleansing of fiduciary duty breaches by judicial fiat. As a more rational regime, we suggest holding separate votes on the transaction and cleansing. more…)

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Harvard Corporate Governance

APRIL 11, 2022

We present findings from a February 2022 survey of Society for Corporate Governance members representing more than 150 public and private companies. In this post, we look at whether the pandemic prompted lasting changes to key board meeting practices and processes.

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Harvard Corporate Governance

JULY 10, 2022

The first quarter of 2022 presented a challenging communications terrain for business leaders as the Russian invasion of Ukraine shook markets, shattered supply chains and shocked the world. Strine, Jr.

Marketability 281

Marketability 281

Mckinsey and Company

JUNE 5, 2024

The technology could accelerate growth, but presents new challenges, including shifts in value pools, user segments, and competitive dynamics that could spur a realignment of product categories.

Technology 145

Technology 145

Mckinsey and Company

NOVEMBER 12, 2024

Business leaders must go beyond mitigating geopolitical risks to seizing the opportunities presented by the new world order. Here’s how.

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Harvard Corporate Governance

MAY 16, 2023

This “meme surge” phenomenon, particularly the dramatic shift in shareholder base away from institutional ownership, presents a unique opportunity for analysts and scholars to (re)evaluate the current understanding of corporate finance and governance.

Corporate Finance 263

Corporate Finance Finance Technology Marketability 263

Harvard Corporate Governance

JUNE 12, 2022

The court held that the state failed to present sufficient evidence to meet any of the three prongs of the strict scrutiny test. The court first rejected the state’s argument that eliminating and remedying discrimination in director selection was a compelling government interest.

Equity 240

Equity 240

Harvard Corporate Governance

DECEMBER 14, 2022

This post is based on their new report presented at the COP27. Our “Roadmap for Inclusive Green Finance Implementation ” presents a series of recommendations for financial regulators to promote inclusive sustainable growth by financial regulation. Arner is Kerry Holdings Professor of Law at the University of Hong Kong.

Finance 183

Finance Banking 183

Mckinsey and Company

MAY 7, 2024

Cash is no longer Latin Americans’ preferred way to pay, as debit cards, credit cards, and mobile payments have gained fans, presenting opportunities for financial-services companies.

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IVSC

JULY 1, 2022

With the information that is presently available, is it possible in most situations to accurately quantify and measure Social Value? Do you consider that the current discussions on ESG adequately addresses Social Value concepts in both a for-profit and not-for-profit world? If not, what would give this discussion more prominence and stimulus?

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Harvard Corporate Governance

AUGUST 14, 2022

Assess the Opportunity.

Private Equity Firm 253

Private Equity Firm Compliance Equity Marketability 253

Harvard Corporate Governance

JUNE 16, 2022

This post will present findings from our Activism Vulnerability Screener for the first quarter of 2022 and discuss other notable trends in the world of shareholder activism and engagement. A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System by Leo E. Strine, Jr. discussed on the Forum here ).

Marketability 302

Marketability Technology 302

Harvard Corporate Governance

JANUARY 3, 2023

Rule 14a-8 under the Securities Exchange Act of 1934, as amended (“Rule 14a-8”), provides shareholders an avenue to present environmental, social and governance proposals within a company’s proxy statement and on the company’s proxy card for consideration at the company’s annual meeting. Background.

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Mckinsey and Company

JUNE 4, 2024

Emerging sustainable product markets present a promising solution. European chemical manufacturers are in a difficult position, with overcapacities projected in several key value chains until 2030.

Marketability 136

Marketability 136

Harvard Corporate Governance

NOVEMBER 3, 2022

Thank you, Chair Gensler, and thanks to the staff for the presentation. In September 2021, the Commission proposed so-called “enhanced reporting” for proxy votes by requiring funds to present voting matters in a particular order and categorize them into 17 different categories.

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Harvard Corporate Governance

JANUARY 26, 2023

Davis is a Senior Fellow at the Harvard Law School Program on Corporate Governance and Chair of the Best Practice Principles Oversight Committee (OC) 2020-2022; and Konstantinos Sergakis is a Professor of Capital Markets Law and Corporate Governance, University of Glasgow, and Chair of the OC 2023-Present.

Marketability 257

Marketability 257