Harvard Corporate Governance

MARCH 14, 2023

In particular, a key target of political attention has been investment managers’ and pension fund fiduciaries’ consideration of ESG factors in their investment-related decisions.

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267

Harvard Corporate Governance

AUGUST 10, 2023

That said, when one goes beneath the level of political theater, I think there is to be found. The Securities and Exchange Commission is feeling pressure across the political spectrum regarding its climate disclosure rule. The first step in doing so is to distinguish between values-based and value-based investing.

186

186

Harvard Corporate Governance

MAY 23, 2023

In recent months, ESG has emerged as a domestic political battleground with businesses and their leadership increasingly caught in the crossfire. Such legislation has been buttressed by letters and opinions from state attorneys general and treasurers questioning the legality of investment decisions that consider ESG factors.

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242

Harvard Corporate Governance

MARCH 23, 2023

See , e.g. , Remarks from Assistant Attorney General Kenneth A. Polite, Jr., 17, 2023; Memorandum from Deputy Attorney General Lisa O. 15, 2022; Memorandum from Deputy Attorney General Lisa O. 15, 2022; Memorandum from Deputy Attorney General Lisa O.

233

233

Harvard Corporate Governance

APRIL 5, 2024

Department of Justice (DOJ) How Did Corporations Get Stuck in Politics and Can They Escape? Posted by Jill E.

Technology 100

Technology Marketability 100

Harvard Corporate Governance

OCTOBER 13, 2023

We believe this is due—at least in part—both to a decline in market valuations (support for directors and Say-on-Pay proposals generally tracks stock price movements) and a general decrease in support for ESG proposals because many companies have taken steps to be more proactive and transparent. The climate has cooled for ESG.

Marketability 164

Marketability 164

Harvard Corporate Governance

MARCH 11, 2023

To date, the general consensus had been that the U.S. where investor, political and societal support has generally been strong. is lagging on its ESG focus, particularly in contrast to the EU and U.K. federal agencies have been slower to propose rules in this area than their European counterparts.

Banking 274

Banking Marketability 274

Harvard Corporate Governance

MAY 16, 2022

Our research into the second year of required human capital management disclosure in companies’ Form 10-Ks finds a continued general lack of quantitative information. by Jesse M. Fried (discussed on the Forum here ); and Duty and Diversity by Chris Brummer and Leo E. Strine, Jr. discussed on the Forum here ).

Equity 290

Equity 290

Appraisers Blog

MARCH 11, 2024

Maria – I understand your fears with the current political environment! Briefly, our profession has replaced “specific” information with “General” information resulting in meaningless boiler plate. I encourage all every time they sense a lender is stepping out of line to file a COMPLAINT.

80

80

Appraisers Blog

FEBRUARY 15, 2024

You can rip someone, but be polite. They have all benefited at everyone’s expense from appraiser’s to the general consumer of appraisal products. In reply to Dave. Dave – Good sir, your course language is not okay. Also, please expound on how you think the AMC’s will actually be gone in a years time.

Appraisal 98

Appraisal 98

Harvard Corporate Governance

MARCH 11, 2024

While banks are not technically exempt from antitrust enforcement, they are generally seen as inhabiting an alternative regulatory universe that is governed by principles and prioritizes substantive goals different from antitrust’s traditional competition-related concerns. There is a curious tension between antitrust law and U.S.

Banking 126

Banking Treasury Marketability 126

Harvard Corporate Governance

OCTOBER 3, 2022

Notwithstanding, the Global Financial Crisis in 2008 reinvigorated the debate about separating commercial and investment banking, resulting in the Volcker Rule and general requirements for ethical walls. One reason is that internal information flows cannot be directly observed, and proprietary trading data is not readily available.

Banking 232

Banking Finance Marketability 232

Harvard Corporate Governance

APRIL 1, 2024

In point of pecuniary gain, all things considered, they are generally under-recompensed.” This post is based on their article published in The Journal of Finance. In The Wealth of Nations (Book X, Part I, 1776), Adam Smith writes: “Honour makes a great part of the reward of all honourable professions.

Finance 133

Finance Banking 133

Harvard Corporate Governance

JUNE 26, 2023

Culture generally impacts how people communicate and interact with each other. These shared traits underlie the homophily phenomenon, which drives social networks, political alignment, and even friendship. This post is based on their recent paper. more…)

Marketability 226

Marketability 226

Harvard Corporate Governance

MAY 23, 2022

Outside of certain regulated entities, private companies are not generally required to have independent directors on their boards. by Jesse M. Private companies that do not have outside directors today are missing out on a valuable opportunity. What is an “outside” director?

333

333

Harvard Corporate Governance

MAY 17, 2023

Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss ; Will Nasdaq’s Diversity Rules Harm Investors? This post is based on a Akin Gump memorandum by Ms. Lander, Mr. Rabin, Ms. Kerdock and Emily Shapiro.

Equity 180

Equity 180

Harvard Corporate Governance

JULY 12, 2023

Key Takeaways In the past year, environmental, social, and governance (“ESG”) practices have faced heightened scrutiny in the United States from state attorneys general, state and federal legislators, other government officials, and private parties. Strine, Jr.

186

186

Appraisers Blog

DECEMBER 23, 2022

Fallen crypto whiz kid Sam Bankman-Fried and his associates are a living testament to the power of political donations in American politics. Appraisers Should Closely Watch Probe of Departed Brookings… The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of….

Appraisal 93

Appraisal Treasury 93

Harvard Corporate Governance

MAY 10, 2023

Addressing climate change and integrating sustainability more generally into corporate strategy is a challenge facing companies and financial institutions all over the world. It is our view that the ideas and recommendations made in this paper have broader applicability than simply UK-based financial institutions and their regulators.

Finance 254

Finance 254

Harvard Corporate Governance

NOVEMBER 1, 2023

In an era marked by political turbulence, climatic unpredictability, and rapid technological transformations, corporations are subject to multi-dimensional risks. Recent studies develop textual measures of corporate risks generally by calculating dictionary-based bigram frequencies. This post is based on their recent paper.

Technology 118

Technology 118

Harvard Corporate Governance

DECEMBER 19, 2022

Indeed, as one SEC Commissioner noted, corporations that responded to the SEC’s most recent requests for enhanced climate-related disclosure “generally have stated that the requested disclosures by SEC staff were largely immaterial and inappropriate for inclusion in SEC filings.”

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200

Reynolds Holding

APRIL 6, 2023

In a new paper, I demonstrate that there is a political cycle in the level of corporate philanthropic expenditures, mediated by the quality of firm corporate governance and the level of political corruption. This paper adds to the literature on the political business cycle by extending it to CSR spending by publicly held companies.

Compliance 90

Compliance Finance 90

Harvard Corporate Governance

AUGUST 9, 2023

Over the past year, DEI initiatives and commitments have come under pressure in the face of macroeconomic headwinds, political scrutiny and legal challenges. That pressure has only grown following the Supreme Court’s recent decision against affirmative action in SFFA v.

Equity 185

Equity 185

Harvard Corporate Governance

MAY 11, 2023

Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss ; Will Nasdaq’s Diversity Rules Harm Investors? Bell and Dawn Belt are partners and Ron C. Llewellyn is counsel at Fenwick & West LLP.

Technology 236

Technology 236

Trout CPA

MAY 30, 2023

Outside of these circumstances, the topic was generally not viewed as a subject for polite conversation. In the past, most discussions about compensation were largely confined to the specific instances of either a job offer or the once-a-year “pay discussion” between manager and subordinate.

52

52

Appraisers Blog

JUNE 23, 2023

I’ve been desk pounding and wordsmithing for 15 years about the left and the whack job political climate. I’ve grown weary, to the point where all I want to do is either tune completely out of it all (society in general) or blow it to bits so we can start over. I say that last piece figuratively of course.

Equity 70

Equity 70

IVSC

JUNE 5, 2023

He entered Parliament at the 1987 General Election in Edinburgh Central and, following the 1997 General Election, he entered Cabinet as the Chief Secretary to the Treasury. Megan examines the intersection of macroeconomics, financial markets and politics. With a global focus drawn from a career split between the UK and U.S.,

Banking 130

Banking Treasury Marketability 130

Harvard Corporate Governance

NOVEMBER 30, 2022

Glass Lewis generally believes decisions regarding day-to-day management and policy decisions, including those related to social, environmental or political issues, are best left to management and the board as they in almost all cases have more and better information about company strategy and risk exposure. Racial Equity Audits.

Equity 233

Equity Marketability 233

Harvard Corporate Governance

FEBRUARY 24, 2023

Department of Justice (DOJ) The Business of Securities Class Action Lawyering Posted by Stephen Choi (New York University), Jessica M. Erickson (University of Richmond), Adam C.

Marketability 189

Marketability 189

Harvard Corporate Governance

JULY 29, 2022

The 2020 updates to proxy advisory rules were the result of a thorough process that was conducted by Commission staff across ten years and two politically distinct administrations, yet the framework implemented by the 2020 rules has been substantially gutted in the span of just a few months—without ever having taken effect. The 2020 Rules.

Marketability 221

Marketability 221

Reynolds Holding

FEBRUARY 26, 2023

Consistent with recent proxy seasons, a significant number of companies are receiving proposals calling for new or enhanced political disclosures. We expect, and have begun to see, a similar number of politically-focused shareholder proposals this proxy season. Shareholder political disclosure proposals take different forms.

49

49

IVSC

APRIL 26, 2024

During this session, experts will discuss these and other themes impacting the global economy, including geo-political risks, energy transition, and technology trends. This session discusses valuation during financial repositioning and recovery efforts, as well as the impact of regulatory environments on restructuring activities.

Banking 130

Banking Finance Risk-free Rate Technology 130

Reynolds Holding

OCTOBER 16, 2023

One way they are doing so is by employing, directly or indirectly, the offer or sale of non-fungible tokens or NFTs (what I describe as a type of “secure, digital assets minted, sold, and acquired on a blockchain”) to generate donations or proceeds that benefit the nonprofit.

Finance 59

Finance Corporate Finance Marketability Compliance 59

Harvard Corporate Governance

JUNE 12, 2022

Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite by Alma Cohen, Moshe Hazan, and David Weiss (discussed on the Forum here ); Will Nasdaq’s Diversity Rules Harm Investors? This post is based on their Latham memorandum. by Jesse M.

Equity 238

Equity 238

Reynolds Holding

JUNE 29, 2022

Shareholder resolutions filed in the 2022 proxy season included several different types of proposals focused on political spending by corporations, reflecting investor concerns that support of certain candidates and causes may be inconsistent with the stated values of the company. Report on Global Public Policy and Political Influence.

Equity 45

Equity 45

Accountancy Today

JULY 25, 2022

Andy Taylor, partner and head of restructuring at Shakespeare Martineau, said: “Administrations were suppressed during Covid due to the introduction of numerous measures, such as the Coronavirus Business Interruption Loan Scheme, the subsequent Recovery Loan Scheme and a general prohibition on many forms of enforcement. “As

Corporate Finance 81

Corporate Finance Finance 81

Reynolds Holding

OCTOBER 2, 2023

In particular, Starbucks argued that the NCPPR’s concerns were personal, due to its general opposition to DEI policies, and that Starbucks’s major shareholders supported its DEI efforts. Nor is it a political attaché. This Complaint has no business being before this Court and resembles nothing more than a political platform.

Compliance 81

Compliance Market Capitalization Equity Marketability 81