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Avoiding Hanging Chads in Corporate Voting in 2024

Harvard Corporate Governance

Posted by Paul Washington, The Conference Board and Broadridge, on Monday, March 18, 2024 Editor's Note: Paul Washington is Executive Director of the ESG Center at the Conference Board and Chair of the Independent Steering Committee of Broadridge. This post is based on his Broadridge memorandum.

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Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions

Harvard Corporate Governance

We employ our novel catalog of 83 board gender diversity interventions to examine the effect of BGD on a first-order firm outcome: investment efficiency. The effect of BGD on investment efficiency is an open question. more…)

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Corporate Culture In A New Era: Views From The C-suite

Harvard Corporate Governance

Posted by Jillian Grennan (UC Berkeley), on Wednesday, March 13, 2024 Editor's Note: Jillian Grennan is an Associate Adjunct Professor of Finance and Sustainability at the University of California, Berkeley Haas School of Business.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Thus, when computing my accounting return on equity in January 2024, I will be dividing the earnings from the four quarters ending in September 2023 (trailing twelve month) by the book value of equity at the end of September 2022. Profit Margins 1.

Dividends 106
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The governance of director compensation

Harvard Corporate Governance

Posted by Lily Fang (INSEAD) and Sterling Huang (SMU), on Monday, May 20, 2024 Editor's Note: Lily Fang is a Professor of Finance at INSEAD and Sterling Huang is an Associate Professor of Accounting at Singapore Management University. This post is based on their recent article forthcoming in the Journal of Financial Economics.

Finance 140
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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

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How Directors’ Liability Protection Can Affect the Quality of Company Projects

Reynolds Holding

Will firm value increase by appointing directors with mild non-financial concerns or with severe ones? This explains why fine-tuning the level of liability protection is not trivial: Changes in the board characteristics may have different implications on board compensation and liability protection. Available at SSRN: [link] or [link].