Harvard Corporate Governance

APRIL 19, 2023

Over the past decade, private equity investment in physician services has emerged as a driving trend toward the financialization of health care, with investors mining health services organizations to extract wealth. For a discussion of Arrow’s theories and evolving health care markets, see this symposium.

Equity 249

Equity Marketability 249

Harvard Corporate Governance

APRIL 22, 2022

Notably, the damage payment received by the outside investors is offset in part by the reduced value of their equity stake. The investors make rational inferences based on the firm’s decision to disclose and, in case it is revealed that the firm hid material information, the investors can bring suit against the firm to recover damages.

Equity Financing 256

Equity Financing Equity Finance 256

Harvard Corporate Governance

SEPTEMBER 7, 2023

Well-run diversity, equity, and inclusion (DE&I) initiatives can yield many benefits, including improved talent attraction and retention rates, better decision-making through diverse perspectives, and stronger relationships with customers, clients, and suppliers. Strine, Jr.;

Equity 234

Equity 234

Harvard Corporate Governance

JUNE 13, 2024

Following the Court’s decision, companies’ diversity, equity, and inclusion (DEI) policies and programs that focus on specific underrepresented (racial) groups have resulted in a rise in backlash and reverse discrimination lawsuits (i.e., Harvard , which eliminated affirmative action in college admissions.

Equity 248

Equity 248

Harvard Corporate Governance

JUNE 15, 2022

Understanding equity markets’ assessment of income inequality is important because equity markets allocate capital and send valuation signals to firms, informing and possibly shaping corporate policies that contribute to or mitigate income inequality. However, it is largely unknown how U.S.

Equity 229

Equity Marketability Finance 229

Harvard Corporate Governance

SEPTEMBER 12, 2022

ISS Say-on-Pay and Equity Compensation Plan Voting. The data on say-on-pay negative recommendations derives from ISS publications and SEC disclosure summarizing the rationales with respect to the negative recommendations issued by ISS at annual meetings of Russell 3000 and S&P 500 companies through June 30, 2022.

Equity 244

Equity 244

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 165

Equity Finance Marketability 165

Harvard Corporate Governance

DECEMBER 13, 2023

During the 2023 proxy season in North America there was a surge of shareholder opposition on equity plans, with a rare failure in Canada and a significant rise in failures among U.S. Executive compensation continues to be an area of great interest to investors as companies seek to align the long-term interests of management and shareholders.

Equity 173

Equity 173

Harvard Corporate Governance

AUGUST 28, 2023

Pension funds and institutional investors around the world have been allocating an increasing fraction of their assets under management to private equity (PE), venture capital (VC), and other types of private funds. in 2020, and 79% of investors stating that they expect to allocate a larger proportion of their funds to private equity by 2025.

Venture Capital Fund 189

Venture Capital Fund Equity Finance Marketability 189

Harvard Corporate Governance

FEBRUARY 21, 2024

Posted by Sean Feller, Krista Hanvey, and Christina Andersen, Gibson, Dunn & Crutcher LLP, on Wednesday, February 21, 2024 Editor's Note: Sean Feller and Krista Hanvey are Partners, and Christina Andersen is Of Counsel at Gibson, Dunn & Crutcher LLP.

Equity 229

Equity EBITDA Market Capitalization Marketability 229

Value Scope

SEPTEMBER 6, 2024

NFL Votes to Allow Private Equity Last week, NFL owners voted to allow private equity to acquire up to a 10% passive stake in a given franchise. The NFL is the last major professional sports league to allow private equity. The details of private equity investments in professional sports are presented in the following table.

Equity 130

Equity Start-ups Compliance 130

Class VI Partner

MARCH 24, 2025

Rollover equity is a powerful tool that can provide unique benefits to business owners who are selling their company in an M&A transaction. Understanding how rollover equity works, when it is used, and its impact on deal structuring… Source

Equity 52

Equity 52

Financial Times M&A

APRIL 14, 2025

Plus, private equity group CVC scouts out private credit group and Intel sells off a stake in its chips unit

Equity 97

Equity 97

Benzinga

DECEMBER 11, 2024

What To Know: According to a Wall Street Journal report , private-equity firm Story3 Capital Partners sent a takeover offer to medical-apparel maker Figs, valuing the company at more than $1 billion. The private-equity firm reportedly offered $6 per share for all of the outstanding common shares it doesn’t already own, according to.

Private Equity Firm 59

Private Equity Firm Equity 59

Harvard Corporate Governance

FEBRUARY 25, 2023

Posted by Tina Shah Paikeday, and Nisa Qosja, Russell Reynolds Associates, on Saturday, February 25, 2023 Editor's Note: Tina Shah Paikeday is the Global Head of the Diversity, Equity & Inclusion Practice, and Nisa Qosja is a Knowledge Consultant at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum.

Equity 325

Equity 325

Mckinsey and Company

APRIL 7, 2025

Private equity investments that improve shipyard efficiency could boost production and help nations meet their security requirements. Demand for military and commercial vessels is outpacing supply.

Equity 100

Equity 100

Harvard Corporate Governance

MAY 23, 2023

Posted by Brian R. Cheffins and Bobby V. Reddy (University of Cambridge) , on Tuesday, May 23, 2023 Editor's Note: Brian Cheffins is the S. Berwin Professor of Corporate Law, and Bobby V. Reddy is an Associate Professor of Finance at the University of Cambridge. This post is based on their recent paper , forthcoming in The Company Lawyer.

Equity 217

Equity Marketability Market Capitalization Finance 217

Financial Times M&A

APRIL 15, 2025

Buyout executives say economic uncertainty unleashed by US tariffs has made pricing assets challenging

Equity 135

Equity 135

Law 360 M&A

APRIL 14, 2025

Sidley Austin LLP announced on Monday it has hired a partner from Skadden Arps Slate Meagher & Flom LLP to strengthen its mergers and acquisitions and private equity practices.

Equity 98

Equity 98

Harvard Corporate Governance

AUGUST 8, 2024

The ownership, governance and financing of corporate America look radically different today than they did only a few decades ago, due to conflicting trends in the ownership of corporate equity on the one hand and corporate debt on the other. more…)

Marketability 240

Marketability Corporate Finance Equity Finance 240

Harvard Corporate Governance

JUNE 7, 2022

An early examination of 2022 proxy season voting statistics yields a number of notable observations: We have seen several types of proposals that attracted majority support for the first-time this season, including shareholder proposals addressing racial equity and civil rights audits, sexual harassment concerns and gender pay equity.

Equity 344

Equity 344

Mckinsey and Company

FEBRUARY 13, 2025

Global uncertainties remained in 2024, but the path forward for private equity became clearer, with a rebound in dealmaking and distributions.

Equity 102

Equity Marketability Corporate Finance Finance 102

Harvard Corporate Governance

APRIL 21, 2023

In July 2021, State Street Global Advisors, Russell Reynolds Associates, and the Ford Foundation partnered to study best practices for effective board oversight of racial and ethnic diversity, equity, and inclusion (“ The Board’s Oversight of Racial and Ethnic Diversity, Equity, and Inclusion ”).

Equity 313

Equity Marketability 313

Harvard Corporate Governance

FEBRUARY 17, 2025

ISS also has provided a preview of possible future policy changes regarding the use of performance-based versus time-based equity awards in US executive compensation programs in its Executive Summary Global Proxy Voting Guidelines Updates for 2025 and Process of ISS Benchmark Policy Development. more…)

Equity 113

Equity 113

Harvard Corporate Governance

FEBRUARY 2, 2024

Consequently, fund families managing both equity and bond funds are more likely to hold stocks and bonds from the same company simultaneously (“dual holdings”). Using detailed holding data of mutual funds, our paper first documents a rising trend in mutual fund dual holdings of U.S. publicly traded firms.

Corporate Finance 289

Corporate Finance Finance Equity Marketability 289

Financial Times M&A

APRIL 6, 2025

Pensions and endowments seek exit from battered portfolios in blow to buyout industry

Equity 145

Equity Marketability 145

Harvard Corporate Governance

AUGUST 15, 2022

Diversity has become a key focus for every industry in recent years, and private equity, like many other parts of the financial sector, still has significant progress to make in terms of diversity and inclusion.

Equity 237

Equity Finance Marketability 237

Harvard Corporate Governance

MAY 28, 2023

Currently, reports on Form PF for private equity fund advisers (usually including real estate and private credit within this category) are filed annually. [2] 2] Unlike many other SEC filings, Form PF filings are not public.

Equity 229

Equity Compliance 229

Harvard Corporate Governance

APRIL 20, 2023

Shifting from equity to debt financing is not simply a matter of optimizing a firm’s cost of capital, however. Highly leveraged firms are now commonplace in many U.S. industries. It also has profound implications for the firm’s behavior and investor outcomes.

Debt Financing 258

Debt Financing Equity Finance Marketability 258

Harvard Corporate Governance

FEBRUARY 15, 2024

those say-on-pay votes that achieved less than 50% shareholder approval), say-on-golden-parachute results and results of equity plan proposals, as well as recent guidance from the proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis. more…)

Equity 305

Equity 305

Harvard Corporate Governance

JUNE 27, 2023

It is no exaggeration to say that over its roughly forty-year history, private equity has revolutionized both corporate finance and corporate governance. Today, private equity is one of the major global asset classes, and it has attracted a truly staggering amount of capital over a relatively short period of time.

Corporate Finance 230

Corporate Finance Finance Equity Marketability 230

Harvard Corporate Governance

MARCH 28, 2023

Highlights Base Salary : Approximately 80% of CEOs and CFOs received salary increases Of those who received an increase, the median increase was 4.4% incentive compensation) slightly lower for CFOs (more…)

Equity 230

Equity Market Capitalization Marketability 230

Harvard Corporate Governance

JANUARY 20, 2025

For example, during our sample period, the market share of RI equity funds in Norway constituted about 48% of the total equity mutual fund assets under management, while in Australia the comparable figure is 11% and, in the U.S., a little less than 5%. Thus, the question arises as to the reasons for these wide disparities.

Finance 124

Finance Equity Marketability 124

Financial Times M&A

MARCH 20, 2025

Consortium led by William Chisholm scoops up majority stake in storied sports franchise in historic deal

Equity 141

Equity 141

Mckinsey and Company

AUGUST 1, 2024

The cofounder and CEO of Opportunity@Work talks about the nonprofit’s mission to broaden equitable access to career opportunities for workers skilled through alternative routes.

Equity 136

Equity 136

Harvard Corporate Governance

OCTOBER 6, 2024

and multinational corporations, financial institutions and private equity sponsors. In this alert, we discuss: The continued rollout of the EU’s ambitious, progressive legislative path against the backdrop of continuing regulatory uncertainty in the U.S.;

Equity 250

Equity 250

Harvard Corporate Governance

OCTOBER 16, 2022

In fact, it was through these enforcement actions, particularly against private equity advisers, that the venture industry learned to become hypervigilant regarding disclosures around conflicts, as well as fees and expenses. The landscape appears to be changing under Gary Gensler’s leadership of the SEC.

Equity 256

Equity 256