Harvard Corporate Governance

APRIL 18, 2023

Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Companies may face difficulty accessing cash deposits, bank facilities or the capital markets or limitations on money market transactions or commercial paper facilities.

Banking 228

Banking Compliance Marketability 228

Harvard Corporate Governance

APRIL 9, 2023

But company leaders, regulators, investment analysts, portfolio managers, activists and retail investors may use the ESG acronym to talk about everything from investment strategies and investment vehicles to corporate social responsibility (CSR) and shareholder proposals. more…)

357

357

Harvard Corporate Governance

AUGUST 23, 2023

Voting is a central part of corporate governance, giving shareholders the power to shape a company’s future. With institutional investors holding more than 70% of publicly traded companies’ shares in the US, the success of governance hinges on institutional investors responsibly using their voting power.

Finance 243

Finance 243

Harvard Corporate Governance

MAY 6, 2024

With AI continuing to captivate businesses, consumers and regulators, institutional investors are also increasingly focusing their attention on the implications for the businesses in which they invest. This post is based on their FTI memorandum. more…)

150

150

Harvard Corporate Governance

JANUARY 13, 2023

on Friday, January 13, 2023 Editor's Note: Sandy Boss is Global Head of Investment Stewardship, John McKinley and Michelle Edkins are Managing Directors at BlackRock, Inc. We manage assets on behalf of institutional and individual clients, across a full spectrum of investment strategies, asset classes, and regions.

Capital Structure 242

Capital Structure 242

Harvard Corporate Governance

MAY 6, 2024

The common ownership hypothesis has ignited a debate among scholars, policymakers, investors, and other industry stakeholders about the impact of widespread diversified investment on corporate competition. They caution against regulatory interventions that could disrupt the investment landscape without clear proof of harm.

Finance 154

Finance Marketability 154

Harvard Corporate Governance

JULY 28, 2023

Posted by Julie Daum (Spencer Stuart) and Kira Ciccarelli (Diligent Institute), on Thursday, July 27, 2023 Tags: Board of Directors , committees , Environmental proposals , ESG , Oversight , Sustainability Statement by Commissioner Peirce on Public Company Cybersecurity Disclosures Posted by Hester M. Peirce, U.S.

Compliance 177

Compliance Marketability 177

Harvard Corporate Governance

JUNE 1, 2023

Posted by Heidi Welsh, Sustainable Investment Institute, on Thursday, June 1, 2023 Editor's Note: Heidi Welsh is the Executive Director at the Sustainable Investments Institute. Theirs is a “just say no” campaign.

325

325

Harvard Corporate Governance

OCTOBER 25, 2022

The growing divide in the ESG regulatory landscape between states became clear with the passage of legislation in Maine and Texas in 2021, which adopted contradictory ESG policies for state pension fund investments. Additionally, the law requires the retirement sys- tem to divest from these restricted companies by January 1, 2026.

Banking 189

Banking 189

Harvard Corporate Governance

OCTOBER 23, 2023

In The 401(k) Conundrum in Corporate Law , forthcoming in the Harvard Business Law Review , I draw on recent developments in employee benefits law—including the dramatic rise of retirement plan litigation—to fill in gaps in the academic analysis of the relationship between institutional investors and corporate retirement plans.

228

228

Harvard Corporate Governance

NOVEMBER 13, 2023

1: Institutional investors go all-in on financial materiality. Despite anti-ESG backlash, the term “ESG” is mentioned more frequently in 2023 sustainability reports than last year, as companies provided more detail about their ESG goals. Global institutional investors in the U.S. This post is based on a Teneo memorandum by Ms.

195

195

Harvard Corporate Governance

DECEMBER 9, 2022

The Evolution of ESG Disclosure for Biotech Companies. SEC Proposes New Rule to Require Investment Advisers to Conduct Additional Oversight of Service Providers. SEC Proposes New Rule to Require Investment Advisers to Conduct Additional Oversight of Service Providers. The Director’s Guide to Shareholder Activism.

Compliance 229

Compliance Marketability 229

IVSC

MAY 17, 2024

Presented by the International Valuation Standards Council (IVSC) and the Institute of Valuers and Appraisers, Singapore (IVAS), this webinar explores the intricate domain of intangible asset valuation. She has been with the team for more than 15 years, focusing on business valuations and financial modelling.

Intangible Assets 130

Intangible Assets Business Valuation Appraisal Finance 130

Harvard Corporate Governance

JULY 26, 2023

Copland, Manhattan Institute, on Wednesday, July 26, 2023 Editor's Note: James R. Copland is a Senior Fellow and the Director of Legal Policy at the Manhattan Institute. 3] But we have seen the number of companies listed on U.S. 3] But we have seen the number of companies listed on U.S. Posted by James R. 2] Overall, U.S.

Marketability 189

Marketability 189

Harvard Corporate Governance

MAY 29, 2023

Eccles (Oxford University) and Eli Lehrer (R Street Institute) , on Monday, May 29, 2023 Editor's Note: Robert Eccles is Visiting Professor of Management Practice at Oxford University Said Business School and Eli Lehrer is the co-founder and President of the R Street Institute. Posted by Robert G. Neither approach makes economic sense.

Marketability 265

Marketability 265

Harvard Corporate Governance

JANUARY 7, 2024

Bebchuk and Scott Hirst; The Agency Problems of Institutional Investors (discussed on the Forum here ) by Lucian A. Bebchuk, Alma Cohen, and Scott Hirst; and The Limits of Portfolio Primacy (discussed on the Forum here ) by Roberto Tallarita. more…)

195

195

Harvard Corporate Governance

DECEMBER 20, 2023

Posted by Erin Shortell (New York University), on Wednesday, December 20, 2023 Editor's Note: Erin Shortell is a Legal Fellow at the Institute for Policy Integrity at New York University School of Law. This blog post is based on a recent Institute for Policy Integrity report by Ms. Shortell, Donald L. Regulators are listening.

133

133

Harvard Corporate Governance

MARCH 14, 2023

We previously described (most recently here , here , and here ) the growing politicization of the consideration of environmental, social, and governance (ESG) factors in decision-making by asset managers, financial institutions and public companies, among others.

268

268

Harvard Corporate Governance

FEBRUARY 29, 2024

Posted by Daniel Chang and Rajeev Kumar, Georgeson LLC, on Thursday, February 29, 2024 Editor's Note: Daniel Chang is Senior Institutional Analyst, and Rajeev Kumar is Senior Managing Director at Georgeson LLC. This post is based on their Georgeson memorandum. In January 2024, BlackRock released its updated U.S.

140

140

Harvard Corporate Governance

FEBRUARY 18, 2023

(discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; Does Enlightened Shareholder Value add Value (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita; and Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver D.

Compliance 274

Compliance Marketability 274

Harvard Corporate Governance

OCTOBER 19, 2023

(discussed on the Forum here ) Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver D. Sitkoff and Max M. The prominence of ESG activism is traceable to an episode in May 2021 when Engine No. Remarkably, Engine No. more…)

Marketability 229

Marketability 229

Harvard Corporate Governance

AUGUST 1, 2023

A review of five-and-a-half years of shareholder activism campaign data reveals important (but often overlooked) observations about this increasingly popular investment approach, used broadly by hedge funds and other investors to influence how U.S. Strine, Jr. corporations are managed. individuals, private equity funds, family offices).

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Harvard Corporate Governance

DECEMBER 16, 2022

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, December 16, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS). The full paper is available for download from the Institutional Shareholder Services (ISS) online library. KEY TAKEAWAYS.

Finance 211

Finance 211

Harvard Corporate Governance

JULY 8, 2022

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., Sustainable Investing with ESG Rating Uncertainty. The Proposed SEC Climate Disclosure Rule: A Comment from the Investment Company Institute. Shareholder Resolutions in Review: Lobbying Disclosures. on Monday, July 4, 2022.

Capital Structure 203

Capital Structure Finance 203

Harvard Corporate Governance

NOVEMBER 6, 2023

Normal 0 false false false EN-US ZH-CN AR-SA Green investors, frustrated with what they see as inaction by governments, increasingly seek to use capital markets to pressure companies to combat climate change. Green investors make companies greener. This post is based on their recent NBER and SSRN working paper. more…)

Marketability 240

Marketability 240

Harvard Corporate Governance

JUNE 3, 2023

The Institutional Investors Group on Climate Change (IIGCC), a European membership body for investor collaboration on climate change, announced the launch of its Net Zero Engagement Initiative (NZEI). The letters state that the “plans should set out both a company’s emissions targets and a strategy for how it intends to deliver them.

Marketability 221

Marketability 221

Harvard Corporate Governance

MAY 30, 2022

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Monday, May 30, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. Larger companies are driving overall transparency performance, but there is pressure for the rest of the market to step up.

Finance 310

Finance Marketability Technology 310

Harvard Corporate Governance

JUNE 2, 2023

Eccles (Oxford University) and Eli Lehrer (R Street Institute), on Monday, May 29, 2023 Tags: anti-ESG , Climate change , ESG , Fiduciary duties , legislation , Monetary policy Disloyal Managers and Shareholders’ Wealth Posted by Eliezer M.

Equity 227

Equity 227

Harvard Corporate Governance

DECEMBER 11, 2023

Posted by Subodh Mishra, ISS STOXX, on Monday, December 11, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. more…)

Equity 162

Equity Marketability 162

Harvard Corporate Governance

SEPTEMBER 16, 2022

Everhart is Chairman, CEO & Chief Investment Officer of Global ReEnergy Holdings. This policy brief discusses cybersecurity from the corporate governance standpoint and illustrates how Nasdaq can implement cybersecurity into its ESG Reporting Guide, which is used by many public and private companies globally. Posted by Jonathan R.

Marketability 331

Marketability 331

Harvard Corporate Governance

SEPTEMBER 12, 2022

Glass Lewis serves more than 1,300 institutional investor clients—primarily public pension funds, mutual funds and other institutions that invest on behalf of individual investors and have a fiduciary duty to act, including through proxy voting, in the best interests of their beneficiaries. more…).

213

213

Harvard Corporate Governance

NOVEMBER 14, 2022

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Monday, November 14, 2022 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. This convergence of these of risks is widely recognized across companies, investors and governments.

Technology 279

Technology 279

Harvard Corporate Governance

MARCH 29, 2024

on Wednesday, March 27, 2024 Tags: Board of Directors , Capital markets , Corporate culture , Institutional Investors , Retirement plans , Shareholders Doubly-Binding Director Say-on-Pay Posted by Michael R. Supreme Court The SEC’s Proposed Safeguarding Rule Will Cost Investors Posted by R.J.

Compliance 100

Compliance Marketability 100

Harvard Corporate Governance

APRIL 13, 2023

(discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; Does Enlightened Shareholder Value add Value (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita; and Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales.

Equity 182

Equity Marketability 182

Harvard Corporate Governance

JUNE 29, 2022

We ask that the Commission develop rules to require public companies to disclose sufficient information to allow investors to assess the extent to which firms invest in their workforce. We act in our individual capacities; our institutional affiliations are noted for identification purposes only. more…).

Corporate Finance 323

Corporate Finance Banking Finance Marketability 323

Harvard Corporate Governance

JUNE 24, 2022

New Climate-Related Financial Disclosures for Private Companies and LLPs. Proposed ESG Disclosure Requirements for Investment Advisers and Investment Companies. Posted by Subodh Mishra, Institutional Shareholder Services, Inc., ESG Global Study 2022. What’s “Controversial” About ESG? Posted by Sean J.

Equity 213

Equity Marketability 213

Harvard Corporate Governance

APRIL 10, 2023

During speeches on March 2 and 3, 2023, at the American Bar Association (ABA) National Institute on White Collar Crime (the 2023 White Collar Conference), Deputy Attorney General (DAG) Lisa Monaco , Assistant Attorney General (AAG) for the Criminal Division Kenneth A. Walters are partners at McDermott Will & Emery LLP. more…)

Compliance 257

Compliance 257