Harvard Corporate Governance

NOVEMBER 15, 2022

Posted by Dan Carroll, Bruce Freed, Karl Sandstrom, Center for Political Accountability, on Tuesday, November 15, 2022 Editor's Note: Dan Carroll is Vice President for Programs and Counsel of the Center for Political Accountability and oversees the CPA-Zicklin Index, Bruce F. Freed is CPA’s President, and Karl J. Jackson, Jr.,

226

226

Harvard Corporate Governance

SEPTEMBER 15, 2023

But, worryingly, less than 30% of these same investors are confident that US public companies are today equipped to manage that political risk. Indeed, on average, respondents estimated that only some 45% of public corporations “are well-prepared to handle political risk to their businesses in the US.” more…)

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214

Harvard Corporate Governance

APRIL 23, 2023

Posted by Jeanne Hanna, Bruce Freed and Karl Sandstrom, Center for Political Accountability, on Sunday, April 23, 2023 Editor's Note: Jeanne Hanna is Research Director, Bruce F. Sandstrom is Strategic Advisor, at the Center for Political Accountability. Freed is President and co-founder, and Karl J. Jackson, Jr., Jackson Jr.

Treasury 239

Treasury 239

Harvard Corporate Governance

AUGUST 31, 2022

Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? James David Nelson, and Roberto Tallarita; and The Politics of CEOs (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, Roberto Tallarita, and David Weiss. discussed on the Forum here ) by Lucian Bebchuk and Robert J.

Treasury 250

Treasury 250

Harvard Corporate Governance

NOVEMBER 28, 2023

This post is based on her book, Law and Political Economy in China. Corporate governance institutions are similarly dismissed as a political mirage. Related research from the Program on Corporate Governance includes The Elusive Quest for Global Governance Standards (discussed on the Forum here ) by Lucian A.

Marketability 177

Marketability 177

Harvard Corporate Governance

JANUARY 31, 2023

Voting rights became the subject of sharp legal wrangling in American political elections when the U.S. Haan is Associate Professor of Law at Washington and Lee University School of Law. This post is based on her recent paper , forthcoming in the Southern California Law Review. Supreme Court decided Bush v.

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Harvard Corporate Governance

FEBRUARY 3, 2023

In “ Investing in Influence ,” we focus on a particular concern over the rise of institutional shareholders: has the concentration of ownership also led to a concentration of political influence? Under this view of the world, firms make campaign donations or lobby regulators to secure laws and regulations that are good for company profits.

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Harvard Corporate Governance

OCTOBER 5, 2022

In this study, we provide a first investigation of how the political landscape, specifically the bilateral political ties between the U.S. First, political ties between a foreign firm’s home country and the U.S. If a foreign firm’s home country has stronger political ties with the U.S., However, compared to U.S.

Compliance 219

Compliance Finance Marketability 219

Harvard Corporate Governance

AUGUST 14, 2022

Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? James David Nelson, and Roberto Tallarita; and The Politics of CEOs (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, Roberto Tallarita, and David Weiss. discussed on the Forum here ) by Lucian Bebchuk and Robert J.

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161

Harvard Corporate Governance

SEPTEMBER 7, 2022

The sponsors to the legislation defend it by arguing that retirement accounts should be off limits to politics. Senate Republicans are introducing legislation directing retirement plan sponsors to select investments solely based on monetary factors, an extension of the position adopted by the Trump Administration Department of Labor.

Equity 240

Equity Marketability 240

Harvard Corporate Governance

JULY 25, 2022

Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? James David Nelson, and Roberto Tallarita; and The Politics of CEOs (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, Roberto Tallarita, and David Weiss. discussed on the Forum here ) by Lucian Bebchuk and Robert J.

Finance 189

Finance Banking 189

Harvard Corporate Governance

MARCH 11, 2024

Violations not only risk financial penalties and reputational damage, but government contractors that are subject to pay-to-play rules can be barred from state and local government business for years as a result of providing support to certain officials and other political entities. more…)

Finance 117

Finance 117

Harvard Corporate Governance

SEPTEMBER 16, 2022

Evidence from academic studies and surveys indicates that political and cultural beliefs are associated with individual attitudes towards both COVID-19 and policies intended to limit virus transmission. Political leanings, however, are likely to tip the scale in how political ideology affects prioritizing the potential trade-offs.

Finance 189

Finance 189

Harvard Corporate Governance

OCTOBER 6, 2022

In a new working paper (from where we base this contribution) we focus on the political economy of the decline of antitrust enforcement between the 1950s and today. We start by documenting the decline in US civil antitrust enforcement since the mid-1970’s. We then move to establish that this decline was not driven by voters’ preferences.

Marketability 316

Marketability Finance 316

Harvard Corporate Governance

SEPTEMBER 1, 2022

With political battle lines drawn over environmental, social and governance (ESG) disclosures, it is fair to ask whether the sustainability movement is itself sustainable. But the movement is currently facing grave political challenges. Being clear about the distinction between the two would be useful to both parties.

Marketability 220

Marketability 220

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

Reynolds Holding

MARCH 20, 2024

In a recent article , I consider whether and to what extent alliance politics – rather than sound financial and economic decisions – may be driving restructuring outcomes, introducing new risks and inefficiencies in the financial markets. But the field of corporate restructuring would benefit from a broader theory of alliance politics.

Capital Structure 59

Capital Structure Marketability 59

Harvard Corporate Governance

OCTOBER 30, 2023

Posted by Lisa Baudot (HEC Paris) and Dana Wallace (University of Central Florida), on Monday, October 30, 2023 Editor's Note: Lisa Baudot is an Associate Professor of Accounting and Management Control at HEC Paris, and Dana Wallace is an Associate Professor of Accounting at University of Central Florida Kenneth G. Dixon School of Accounting.

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206

ThomsonReuters

APRIL 10, 2023

What is corporate political responsibility? Similar to corporate social responsibility (CSR), corporate political responsibility (CPR) is defined as how a business engages with and influences regulation, institutions, and public discourse to better society. How can my firm incorporate corporate political responsibility?

Accounting Firms 59

Accounting Firms Marketability 59

Harvard Corporate Governance

FEBRUARY 6, 2023

Posted by David N. Katz, and Laura A. McIntosh, Wachtell, Lipton, Rosen & Katz, on Monday, February 6, 2023 Editor's Note: David N. Katz is a Partner and Laura A. McIntosh is a Consulting Attorney at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum.

Equity 146

Equity 146

Reynolds Holding

MAY 3, 2023

In a recent article, I examine whether the proliferation of AI in the corporate realm calls into question the jurisprudential soundness of treating corporations as constitutional rights bearers, especially with respect to corporate political speech. In the landmark case of Citizens United v. FEC , the U.S.

Technology 59

Technology Marketability 59

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.

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49

Reynolds Holding

JUNE 14, 2023

Fueled by the landmark decision in Citizens United, which granted corporations essentially the same political speech rights as humans, corporations continually attempt to control political outcomes, ostensibly to promote shareholder value. [1] billion on political lobbying. [2] billion on political lobbying. [2]

Treasury 59

Treasury Marketability 59

Reynolds Holding

JANUARY 12, 2023

Corporate political activism (CPA) is defined as activities that are visible to stakeholders and that support or oppose issues viewed as politically charged. The reality is that most people are not politically active and perceive most brands as apolitical and in the middle. Strategies to Manage Corporate Political Activism.

Banking 59

Banking Equity 59

Reynolds Holding

MAY 2, 2023

Analysis of the distinctive fusion of economic and political power in controlling shareholders and the range of policy domains in which controlled firms are key protagonists have been largely absent from the literature. 4] This influence carries significant implications for domestic political systems and institutional development.

Comps 59

Comps Capital Structure Technology Marketability 59

Henry Horne

JULY 19, 2022

The rules for lobbying and political activities for nonprofit organizations can get confusing. The post Lobbying and political activities – When do nonprofits pay tax? Here is some clarity for specific entities. Don’t miss: Bequest or promise to give? appeared first on Henry+Horne.

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59

Law 360 M&A

OCTOBER 13, 2023

Amid recent and historic challenges to the judiciary from political forces, safeguarding judicial independence and maintaining the integrity of the legal system is increasingly urgent, says Robert Peck at the Center for Constitutional Litigation.

40

40

Law 360 M&A

APRIL 12, 2024

Department of Justice has its work cut out for it as it conducts a probe of Nippon Steel's planned $14.9 billion takeover of U.S.

98

98

John Jenkins

OCTOBER 25, 2022

A target’s compliance with laws governing political involvement is an area that doesn’t typically get a lot of attention during M&A due diligence, but this Pillsbury memo says that’s a big mistake, because compliance shortcomings with respect to federal, state or local political laws can result in serious legal and reputational (..)

Compliance 40

Compliance 40

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

Harvard Corporate Governance

MARCH 10, 2024

Freed, Jeanne Hanna and Karl Sandstrom, Center for Political Accountability, on Sunday, March 10, 2024 Editor's Note: Bruce F. Freed is President and Co-Founder, Jeanne Hanna is Research Director, and Karl Sandstrom is Strategic Advisor at the Center for Political Accountability. Posted by Bruce F. Bebchuk and Robert J. Jackson, Jr.;

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109

Reynolds Holding

APRIL 3, 2023

In a recent paper, we examine the economic impacts of a new Texas law to throw light on whether the often-heated political debate over environmental, social, and governance (ESG) issues is empty political rhetoric or a reflection of substantive policy differences. For example, in November 2022, the U.S.

Equity 59

Equity Banking Technology Marketability 59

Financial Times M&A

APRIL 18, 2024

The USW has inserted itself into the election, US-China relations and a $14.9bn cross-border deal

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94

Benzinga

JUNE 9, 2023

Related Link: Trump Faces Fight Of His Life: Ex-Federal Prosecutor Opponents React: With Trump’s indictment, his political opponents could have fuel to use in their fiery battle against the former president ahead of the 2024 election. Trump’s indictment marked the first time a president or former president of the U.S. Florida Gov.

Technology 52

Technology 52

Law 360 M&A

NOVEMBER 2, 2022

As the midterm elections near, merger and acquisition due diligence must proactively minimize the risk of political law violations to avoid serious post-transaction issues — from fines to criminal penalties — by reviewing several key considerations and taking remedial measures as necessary, say attorneys at Pillsbury.

Compliance 40

Compliance 40

Harvard Corporate Governance

JUNE 10, 2022

Sandstrom, Center for Political Accountability, on Friday, June 10, 2022 Editor's Note: Bruce F. Freed is President of the Center for Political Accountability, and Karl J. Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? Posted by Bruce F. Freed and Karl J. Jackson Jr.

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198

Benzinga

SEPTEMBER 7, 2023

US Markets SAIC, GameStop And 3 Stocks To Watch Heading Into Thursday Investor Optimism Falls As Dow Tumbles Around 200 Points Crypto Crypto Businessman Pleads Guilty — Admits To Enabling Scammers, Drug Traffickers Launder Millions of Dollars Whales Scoop Up $425M In Ethereum Amid Cathie Wood's Ark Invest Filing ETH/USD-Based ETF Proposal (..)

Marketability 52

Marketability 52