Business Wire M&A

FEBRUARY 5, 2023

Traxys’ management, together with Optiver, a global market maker, CoLift, an investment firm, and an investor group active in mining and natural resources led by Regent Mercantile Holdings Limited and LOM Financial Group, will acquire all of the interests in Traxys held by funds managed by global investment firm Carlyle

Marketability 40

Marketability 40

Harvard Corporate Governance

JUNE 17, 2022

As ESG momentum continues to gain steam, investors are refining and evolving their strategies. This can be seen in the implementation arena, where investors are moving away from basic screening methods towards more targeted and sophisticated strategies, including thematic and impact investing. more…).

Alpha 358

Alpha 358

Harvard Corporate Governance

APRIL 4, 2024

and Will Nasdaq’s Diversity Rules Harm Investors? Asset owners, such as pension plans, sovereign wealth funds, and endowments and foundations, typically allocate their investments to asset managers based on expected performance, risk, and other key characteristics. Asset management firms owned by white males oversee 98.6

173

173

Harvard Corporate Governance

JANUARY 17, 2024

Posted by Josh Lerner (Harvard Business School), Jinlin Li (Harvard Kennedy School), and Tong Liu (MIT Sloan School of Management), on Wednesday, January 17, 2024 Editor's Note: Josh Lerner is the Jacob H. The academic literature on entrepreneurial finance has largely treated investors and entrepreneurs as distinct identities.

Finance 235

Finance Banking 235

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

MAY 16, 2024

Posted by Amar Gill and Kei Okamura, Asian Corporate Governance Association (ACGA), on Thursday, May 16, 2024 Editor's Note: Amar Gill is a Secretary General at Asian Corporate Governance Association and Kei Okamura is a Portfolio Manager at Neuberger Berman and ACGA Japan Working Group Chair.

162

162

Harvard Corporate Governance

APRIL 9, 2023

Posted by Maria Castañón Moats, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Sunday, April 9, 2023 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP.

357

357

Harvard Corporate Governance

MAY 1, 2024

The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. In addition, the adoption also furthers investor protection efforts.” from private fund advisers. and amendments.

173

173

Harvard Corporate Governance

JULY 12, 2022

Posted by James Killerlane, BNY Mellon, on Tuesday, July 12, 2022 Editor's Note: James Killerlane is the Corporate Secretary, Managing Director and Deputy General Counsel of BNY Mellon. As BNY Mellon discovered in a recent survey, investor pressure on issuers echoes these societal changes. This post is based on a BNY Mellon report.

Marketability 336

Marketability 336

Harvard Corporate Governance

MARCH 12, 2024

Investors have the option to redeem their shares at the initial issue price before the merger, and they can keep and trade rights and warrants even after redemption. However, despite this surge, SPAC investors face a mixed performance. This post is based on their article forthcoming in the Journal of Financial Economics.

229

229

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. Posted by Lindsey Stewart, Morningstar, Inc., This post is based on his Morningstar memorandum.

Equity 227

Equity Marketability 227

Business Wire M&A

MAY 11, 2023

wealth management business to leading institutional investors, raising $1.34 TORONTO & MIAMI--(BUSINESS WIRE) - $CIX #CIFinancial--CI Financial announces sale of a 20% stake in its U.S.

52

52

Harvard Corporate Governance

FEBRUARY 14, 2023

Posted by Brigid Rosati, Kilian Moote, and Rajeev Kumar, Georgeson LLC, on Tuesday, February 14, 2023 Editor's Note: Brigid Rosati is Managing Director of Business Development; Kilian Moote is Managing Director; and Rajeev Kumar is Senior Managing Director at Georgeson. This post is based on their Georgeson memorandum.

200

200

Harvard Corporate Governance

NOVEMBER 13, 2023

Posted by Sydney Carlock, Sean Quinn, and Diana Lee, Teneo, on Monday, November 13, 2023 Editor's Note: Sydney Carlock is a Managing Director, Sean Quinn is a Senior Managing Director, and Diana Lee is Senior Vice President at Teneo. 1: Institutional investors go all-in on financial materiality. Carlock, Mr. Quinn, Ms.

195

195

Harvard Corporate Governance

FEBRUARY 19, 2024

Corporate law permits takeovers because they serve an important role in keeping managers accountable. Likewise, corporate law grants management discretion over whether to reinvest profits, because reinvestment is often the most economical way for businesses to grow. Yet investors clamor to buy REITs. more…)

214

214

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. more…)

150

150

Harvard Corporate Governance

FEBRUARY 6, 2024

The term “ESG” has steadily faded from the investor and corporate lexicon over the past year in the wake of cultural and political clashes over its meaning and purpose. Institutional investors have gone quiet on ESG amid public criticism and congressional subpoenas. The use of “ESG” in earnings calls has dropped precipitously.

Equity 226

Equity 226

Harvard Corporate Governance

NOVEMBER 5, 2023

Posted by Kei Okamura, Neuberger Berman, on Sunday, November 5, 2023 Editor's Note: Kei Okamura is a Portfolio Manager at Neuberger Berman. In this white paper, we explore our market views, and provide case studies and takeaways for global investors considering constructive discourse with Japanese management.

Equity 204

Equity Marketability 204

Harvard Corporate Governance

FEBRUARY 20, 2024

Posted by Garrett Muzikowski and Sara Sendek, FTI Consulting, on Tuesday, February 20, 2024 Editor's Note: Garrett Muzikowski is a Senior Director, and Sara Sendek is a Managing Director at FTI Consulting. Here are seven ways cyber disclosures of publicly traded companies should evolve to meet investor expectations: (more…)

Marketability 140

Marketability 140

Harvard Corporate Governance

MARCH 21, 2024

However, AI also poses risks and challenges that company boards and management teams must be able to understand and address. Investors expect companies to effectively navigate AI-related challenges whilst maximising the benefits of AI integration.

Technology 165

Technology Compliance 165

Harvard Corporate Governance

APRIL 17, 2024

Posted by Danielle Gurrieri and Chuck Callan, Broadridge, on Wednesday, April 17, 2024 Editor's Note: Danielle Gurrieri is Vice President Head of Product Management-Bank, Broker Dealer and Chuck Callan is SVP of Regulatory Affairs at Broadridge. This post is based on their Broadridge memorandum.

Banking 145

Banking 145

Harvard Corporate Governance

FEBRUARY 28, 2024

Posted by Allie Rutherford, Adrienne Monley, and Eric Sumberg, PJT Camberview, on Wednesday, February 28, 2024 Editor's Note: Allie Rutherford is a Partner, Adrienne Monley is Managing Director, and Eric Sumberg is Director at PJT Camberview. This post is based on their PJT Camberview memorandum.

Marketability 133

Marketability 133

Harvard Corporate Governance

AUGUST 24, 2022

Tayan; David Larcker , Professor of Accounting at Stanford Graduate School of Business; Edward Watts , Assistant Professor of Accounting at Yale School of Management; and Lukasz Pomorski , Lecturer at Yale School of Management.

Marketability 351

Marketability 351

Harvard Corporate Governance

JUNE 13, 2023

Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility? assets under management in funds that prioritize environmental, social and governance (ESG) factors. This represents 13 percent – or 1 in 8 dollars of the total US assets under professional management. There are $8.4 trillion in U.S.

Marketability 260

Marketability 260

Harvard Corporate Governance

MARCH 17, 2023

This post is based on Mr. Fink’s annual letter to investors. The fees investors paid weren’t always clear. Technology has greatly expanded the amount of choice for savers and investors. The money we manage belongs to our clients who trust us to manage their investments to help them prepare for the future.

Technology 328

Technology Marketability 328

Harvard Corporate Governance

APRIL 2, 2023

The Untenable Case for Keeping Investors in the Dark (discussed on the Forum here ) by Lucian Bebchuk, Robert J. In light of this, there is a much greater need for asset managers to scrutinize corporate lobbying practices and political spending as part of their role as stewards of investors’ capital. Jackson Jr.;

277

277

Harvard Corporate Governance

NOVEMBER 27, 2023

For this role to be accomplished in companies with publicly listed shares, the regulatory system must not only function, it must do so credibly and with disclosure to the investors affected by adjudication of cases affecting their interests.

231

231

Harvard Corporate Governance

FEBRUARY 18, 2023

Posted by Lewis Davison, Fiona McNally and Charlotte North, BNY Mellon, on Saturday, February 18, 2023 Editor's Note: Lewis Davison is a Senior Product Manager, Fiona McNally and Charlotte North are Directors at BNY Mellon. This post is based on a BNY Mellon report. and devastating floods in Pakistan during 2022.

Compliance 274

Compliance Marketability 274

Harvard Corporate Governance

APRIL 3, 2024

and Will Nasdaq’s Diversity Rules Harm Investors? 1] What’s more, organizations that are more diverse as a whole with respect to gender—from top executives and board members to managers and employees—tend to outperform those that are less gender-diverse. [2] Strine, Jr.; discussed on the Forum here ) by Jesse M. in 2023).

334

334

Harvard Corporate Governance

MARCH 27, 2024

Posted by Kerrie Waring, Severine Neervoort, and Carol Nolan Drake, International Corporate Governance Network (ICGN), on Wednesday, March 27, 2024 Editor's Note: Kerrie Waring is CEO, Severine Neervoort is Global Policy Director, and Carol Nolan Drake is Senior Policy Manager at International Corporate Governance Network (ICGN).

Finance 133

Finance Marketability 133

Harvard Corporate Governance

DECEMBER 18, 2023

Posted by Marco Becht (Université libre de Bruxelles) and Kazunori Suzuki (Waseda University), on Monday, December 18, 2023 Editor's Note: Marco Becht is Professor of Finance at the Solvay Brussels School of Economics and Management (ULB), and Kazunori Suzuki is a Professor at Finance at Waseda University. more…)

Finance 223

Finance 223

Harvard Corporate Governance

NOVEMBER 17, 2023

Bebchuk and Roberto Tallarita; How Much Do Investors Care about Social Responsibility? Normal 0 false false false EN-US ZH-CN AR-SA Globally, investment in so-called ESG (environmental, social, governance) funds has grown exponentially in recent years, far outstripping the rate of growth of assets under management more generally.

Marketability 230

Marketability 230

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.

Finance 154

Finance Marketability 154

Harvard Corporate Governance

MAY 6, 2023

Managing a workforce has always been vital for business success. In today’s increasingly diverse society, successful people management is critical for companies seeking to retain talent and cultivate positive customer relationships. However, DEI is sometimes viewed as a “softer” policy topic that doesn’t factor into investor outcomes.

Equity 244

Equity Marketability 244

Harvard Corporate Governance

JUNE 20, 2023

Santos (Morrison Foerster LLP), and Divya Walia, (Impact Capital Managers), on Tuesday, June 20, 2023 Editor's Note: Susan H. Santos is an Associate at Morrison Foerster LLP, and Divya Walia is a Research Fellow at Impact Capital Managers. This post is based on a Morrison Foerster and Impact Capital Managers memorandum by Ms.

Alpha 200

Alpha Marketability 200

Harvard Corporate Governance

MARCH 25, 2024

Posted by Maggie Dean and Hunter Stenback, Edelman Smithfield, on Monday, March 25, 2024 Editor's Note: Maggie Dean is Vice President of Strategic Situations and Investor Relations, and Hunter Stenback is Executive Vice President at Edelman Smithfield. No matter the reason, management teams and directors should be paying attention.

Market Capitalization 140

Market Capitalization Marketability 140

Harvard Corporate Governance

FEBRUARY 23, 2024

Posted by Justin Danhof, Strive Asset Management, on Friday, February 23, 2024 Editor's Note: Justin Danhof is Executive Vice President, Head of Corporate Governance at Strive Asset Management. As a result, the 2024 proxy voting season will likely provide a test case for shareholder activists, asset managers, and companies alike.

Equity 153

Equity 153