Harvard Corporate Governance

JULY 3, 2023

Voting decisions on these resolutions by the Big Three, primarily passive, asset managers—BlackRock, Vanguard, and State Street—also clearly indicate the issues the firms are prepared to make a stand on regarding environmental and social themes. companies choose to make on environmental and social themes.

Equity 223

Equity Marketability 223

Harvard Corporate Governance

AUGUST 15, 2022

Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022 Editor's Note: Kem Ihenacho is partner, Clare Scott is counsel, and Anne Mainwaring is an associate at Latham & Watkins LLP. This post is based on a Latham memorandum by Mr. Ihenacho, Ms.

Equity 226

Equity Finance Marketability 226

Harvard Corporate Governance

JANUARY 27, 2023

Lynn, Scott Lesmes, and John Hensley, Morrison & Foerster LLP, on Friday, January 27, 2023 Editor's Note: David M. Lynn , Scott Lesmes , and John Hensley are Partners at Morrison & Foerster LLP. Posted by David M. This post is based on a Morrison & Foerster memorandum by Mr. Lynn, Mr. Lesmes, Mr. Hensley, and Leemor Banai.

Total Shareholder Return 245

Total Shareholder Return 245

Harvard Corporate Governance

APRIL 3, 2023

Increasingly, however, society is demanding that institutional investors call on their portfolio firms to address social problems and operate sustainably. Institutional involvement has largely overcome the Berle and Means problem of dispersed passive shareholders, reduced agency costs, and improved corporate governance.

244

244

Harvard Corporate Governance

FEBRUARY 5, 2024

discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli‐Katz; Does Enlightened Shareholder Value Add Value? wealth management firm, and Follow This , an Amsterdam-based non-profit organized to force oil company shareholder votes on climate issues. discussed on the Forum here ) by Lucian A.

Marketability 216

Marketability 216

Harvard Corporate Governance

FEBRUARY 8, 2024

(discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Does Enlightened Shareholder Value Add Value? The question is a critical one as investors and firms are increasingly mindful that environmental, social, and governance (ESG) issues can have a material impact on corporate value creation.

Alpha 212

Alpha 212

Harvard Corporate Governance

MARCH 8, 2024

discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Does Enlightened Shareholder Value Add Value? (discussed on the Forum here ) by Lucian A. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Finance 147

Finance Marketability Technology 147

Harvard Corporate Governance

MARCH 6, 2023

Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst; Index Funds and the Future of Corporate Governance: Theory, Evidence and Policy (discussed on the Forum here ); and The Specter of the Giant Three (discussed on the Forum here ) both by Lucian A.

244

244

Harvard Corporate Governance

NOVEMBER 5, 2022

This post relates to Shareholder Voting Trends Live Dashboard , an online dashboard published by The Conference Board in partnership with ESG data analytics firm ESGAUGE and in collaboration with Russell Reynolds Associates and Rutgers Center for Corporate Law and Governance. more…).

Equity 329

Equity Marketability 329

Harvard Corporate Governance

NOVEMBER 17, 2023

discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales. (discussed on the Forum here ) both by Lucian A. more…)

Marketability 218

Marketability 218

Harvard Corporate Governance

SEPTEMBER 26, 2023

discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Does Enlightened Shareholder Value add Value (discussed on the Forum here ) by Lucian Bebchuk, Kobi Kastiel, Roberto Tallarita. And is such firm disclosure followed by a decrease in carbon emissions? more…)

218

218

Auto Dealer Valuation Insights

NOVEMBER 1, 2023

Two of the leaders of Mercer Capital’s Family Law Litigation team, Scott Womack, ASA, MAFF and Karolina Calhoun, CPA, ABV, CFF will be attending the upcoming 2023 American Academy of Matrimonial Lawyers (AAML) Annual Meeting in Chicago, Illinois on November 8-11, 2023. Scott Womack leads the firm’s Litigation Group.

52

52

Harvard Corporate Governance

MAY 29, 2023

Red state officials have proposed and enacted “anti-boycott” bills which bar state business with firms that divest from favored industries. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Neither approach makes economic sense.

Marketability 263

Marketability 263

Harvard Corporate Governance

JANUARY 30, 2023

Bebchuk and Scott Hirst. We discuss the business model of proxy advisory firms and contrast its objectives with those of asset managers in the context of the informational screening/filtering role and voting analysis.

Corporate Finance 198

Corporate Finance Finance Marketability 198

Harvard Corporate Governance

MARCH 20, 2024

discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Does Enlightened Shareholder Value Add Value? As interest in ESG performance increases, so too does the demand for information about firms’ ESG behavior. Bebchuk and Roberto Tallarita; How Much Do Investors Care About Social Responsibility?

Finance 128

Finance 128

Auto Dealer Valuation Insights

AUGUST 3, 2023

Scott Womack, Senior Vice President, leads the firm’s Litigation Group. As part of his corporate litigation practice, Scott has deep experience in family law litigation (traditional litigated divorce and.

52

52

Harvard Corporate Governance

MAY 20, 2022

This phenomenon has led in turn to a dramatic increase in common ownership (or horizontal shareholding )—an arrangement under which large investors own shares in several competing firms. It requires information on both the competitive landscape (which firms compete with each other) and asset markets (which firm’s shares each investor holds).

Marketability 331

Marketability Finance Equity 331

Harvard Corporate Governance

AUGUST 3, 2023

Related research from the Program on Corporate Governance includes The Myth of the Shareholder Franchise (discussed on the Forum here ) by Lucian Bebchuk and Universal Proxies (discussed on the Forum here ) by Scott Hirst. Notably, in 2021, activist investor Engine No.

Finance 189

Finance Marketability 189

Harvard Corporate Governance

MARCH 1, 2023

Does state law prohibit public pension trustees from allocating capital to funds, including index funds, owned by asset management firms that engage with portfolio companies, and/or exercise appurtenant voting rights, to promote ESG objectives?

Marketability 218

Marketability 218

Harvard Corporate Governance

OCTOBER 9, 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. discussed on the Forum here ) both by Lucian A. Bebchuk and Roberto Tallarita; How Much Do Investors Care about Social Responsibility?

Marketability 197

Marketability 197

Harvard Corporate Governance

AUGUST 14, 2023

Student in Accounting at the University of Toronto; Scott Liao , Professor of Accounting at the University of Toronto; and Emma Wang, Assistant Professor of Accounting at Cornell University. This post is based on an article forthcoming in the Journal of Accounting & Economics by Professor Jiang; Stacey Choy , Ph.D.

Finance 187

Finance 187

Harvard Corporate Governance

NOVEMBER 7, 2022

Bebchuk and Scott Hirst; New Evidence, Proofs, and Legal Theories on Horizontal Shareholding (discussed on the Forum here ) and Horizontal Shareholding both by Einer Elhauge. Firms are tasked with maximizing shareholder value, which typically coincides with simply maximizing their own profits.

Banking 187

Banking Equity Finance Marketability 187

Law 360 M&A

OCTOBER 5, 2023

Scott + Scott Attorneys at Law LLP and The Schall Law Firm have secured roles as co-lead counsel in a consolidated investor suit alleging cybersecurity company SentinelOne overvalued its annualized recurring revenue as a result of accounting errors.

40

40

Harvard Corporate Governance

AUGUST 8, 2023

As S&P Dow Jones, the world’s largest index provider, writes on its website, “An index provider is a specialized firm that is dedicated to creating and calculating market indices and licensing its intellectual capital as the basis of passive products.”

Finance 188

Finance Marketability 188

Harvard Corporate Governance

MARCH 28, 2022

However, in our recently published paper in the Journal of Financial Economics , we suggest that many acquiring firm shareholders may not actually have the incentive to ex-ante prevent and ex-post oppose acquisitions that are seemingly value-destroying, even if they have the capability to do so.

Finance 249

Finance 249

Benzinga

AUGUST 8, 2023

08, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced it has acquired IZALE Financial Group , LLC, an executive benefits and financial services advisory firm located in Elgin, Illinois. Scott has created a firm of experts. BOSTON, Aug.

Banking 40

Banking 40

Harvard Corporate Governance

AUGUST 24, 2023

Ellias is the Scott C. For example, bankruptcy filings are thought to hurt the relationship between a firm and its workforce. After all, Chapter 11 firms are nearly always suffering from financial distress prior to any bankruptcy filing, and the experience of employees may not change after a court filing. Posted by Jared A.

Corporate Finance 130

Corporate Finance Finance 130

Harvard Corporate Governance

JULY 29, 2023

Related research from the Program on Corporate Governance includes Social Responsibility Resolutions (discussed on the Forum here ) by Scott Hirst. This post is based on her Cooley memorandum. ESG month” may not be exactly what you think. companies from burdensome EU regulations.

Marketability 185

Marketability 185

Harvard Corporate Governance

AUGUST 29, 2022

Related research from the Program on Corporate Governance includes Universal Proxies (discussed on the Forum here ) by Scott Hirst. Securities and Exchange Commission.

210

210

Auto Dealer Valuation Insights

MARCH 16, 2023

Gitlin of The Gitlin Law Firm in a Strafford video webinar on March 28, 2023, at 1 pm EDT. Womack, ASA, WAFF, and Karolina Calhoun, CPA, ABV, CFF, are presenting alongside Gunnar J.

Business Valuation 52

Business Valuation 52

Harvard Corporate Governance

JUNE 20, 2023

While this report centers on ICM members’ firms, we hope the findings can be useful for the private capital impact investing landscape more broadly. As mission-driven capital allocators, most ICM firms are interested in impact created and future impact potential as metrics of exit success.

Alpha 186

Alpha Marketability 186

Harvard Corporate Governance

NOVEMBER 21, 2022

(discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli?Katz; firms had converged around voluntary standalone ESG reports as a primary means of documenting their ESG activities. We also find that firms devote most of their reports to topics that are material to their sector.

Start-ups 269

Start-ups Finance 269

Benzinga

JANUARY 9, 2024

09, 2024 (GLOBE NEWSWIRE) -- Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Hooper, Hayes & Rogan, a Fort Lauderdale-based agency focused on commercial and personal lines clients. BOSTON, Jan. Terms of the deal were not disclosed.

40

40

Harvard Corporate Governance

AUGUST 19, 2022

Statement by Chair Gensler on PCAOB Amendments to Strengthen Auditing Standards for Audits Involving Multiple Firms. PE Firms Poised for Diversity Drive. PE Firms Poised for Diversity Drive. Posted by Kem Ihenacho, Clare Scott, and Anne Mainwaring, Latham & Watkins LLP, on Monday, August 15, 2022.

Dividends 211

Dividends Equity Marketability 211

Scott Mashuda

NOVEMBER 16, 2022

As the incoming chair for M&A Source in 2023, fellow honoree Scott Mashuda has served on the Board of Directors since 2017. The firm provides buy-side and sell-side M&A representation to closely-held private companies. who specialize in the $1M to $50M range.

Banking 52

Banking Marketability Equity 52

Auto Dealer Valuation Insights

JUNE 13, 2022

A few weeks ago, Scott Womack sat down with Tony Karabon of DCG Acquisitions to discuss trends in the auto dealer industry. DCG Acquisitions is a national, full-service mergers and acquisitions firm representing buyers and sellers of automobile dealerships.

Mergers & Acquisitions 52

Mergers & Acquisitions 52

Benzinga

DECEMBER 26, 2023

Scott Penny, chief acquisitions officer of Brown & Brown, Inc. Throughout the 75 year history of the firm, Caton Hosey has been a fixture in central Florida providing personal service and unique insurance solutions for individual and commercial customers. DAYTONA BEACH, Fla., 26, 2023 (GLOBE NEWSWIRE) -- J.

Marketability 40

Marketability 40