The Harvard Law School Forum on Corporate Governance
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The Harvard Law School Forum on Corporate Governance is co-sponsored by the Harvard Law School Program on Corporate Governance, the Program on Institutional Investors, and the Program on Law and Finance. The leading online blog in the fields of corporate governance and financial regulation.
The Harvard Law School Forum on Corporate Governance
8h ago
Posted by Heidi Welsh, Sustainable Investment Institute, on Wednesday, April 24, 2024
Editor's Note:
Heidi Welsh is the Executive Director at the Sustainable Investments Institute. This post is based on her recent Si2 memorandum.
Introduction
Proponents as of mid-Feburary 2024 had filed at least 527 shareholder resolutions on environmental, social and related sustainable governance issues for the 2024 proxy season. This is down by only a few from 536 last year at the same time. It still seems possible the total will reach the 630-year-end total of last year.
Support levels have ..read more
The Harvard Law School Forum on Corporate Governance
8h ago
Posted by Julia A. Malkina, Cason J.B. Reily and Matthew A. Schwartz, Sullivan & Cromwell LLP, on Wednesday, April 24, 2024
Editor's Note:
Julia A. Malkina and Matthew A. Schwartz are Partners and Cason J.B. Reily is an Associate at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Malkina, Mr. Reily, Mr. Schwartz, Robert J. Giuffra Jr., Judson O. Littleton, and Morgan L. Ratner.
Summary
The U.S. Supreme Court ruled today in Macquarie Infrastructure Corp. v. Moab Partners, L. P., 601 U.S. ___, 2024 WL 1588706 (2024), that a violation of Se ..read more
The Harvard Law School Forum on Corporate Governance
1d ago
Posted by Nicolas H.R. Dumont, Dave Navetta and Michael Egan, Cooley LLP, on Tuesday, April 23, 2024
Editor's Note:
Nicolas H.R. Dumont, Dave Navetta and Michael Egan are Partners at Cooley LLP. This post is based on a Committee of Sponsoring Organizations of the Treadway Commission (COSO) memorandum by Mr. Dumont, Mr. Navetta, Mr. Egan, and Ryan Blair.
What is alternative data?
Altdata generally is understood to include information about an organization that is available outside of traditional financial and regulatory reporting channels, press releases, or other authorized materials. It incl ..read more
The Harvard Law School Forum on Corporate Governance
2d ago
Posted by Jim Rossman, Chris Ludwig, and Quinn Pitcher, Barclays, on Monday, April 22, 2024
Editor's Note:
Jim Rossman is Global Head of Shareholder Advisory, Chris Ludwig is Managing Director, and Quinn Pitcher is Vice President- M&A and Shareholder Advisory at Barclays. This post is based on a Barclays memorandum by Mr. Rossman, Mr. Ludwig, Mr. Pitcher, and Michael Sun-Huang.
Observations on the Global Activism Environment in Q1 2024
1
U.S. and APAC Campaign Activity Remains Steady as Europe Sees Slow-Down
There have been 63 campaigns launched through Q1, down 19% versus the 78 lau ..read more
The Harvard Law School Forum on Corporate Governance
2d ago
Posted by Reuven S. Avi-Yonah and Ariel Siman (University of Michigan), on Monday, April 22, 2024
Editor's Note:
Reuven S. Avi-Yonah is the Irwin I. Cohn Professor of Law at the University of Michigan Law School, and Ariel Siman is a Tax Planning Director in the financial services industry. This post is based on their working paper.
What is the justification for the U.S. corporate tax? Scholars have provided various potential explanations for this question. Yet, no explanation has gained consensus among scholars and, indeed, this article claims that none of the current explanations is co ..read more
The Harvard Law School Forum on Corporate Governance
2d ago
Posted by Bob Herr and Ryan Oden, AllianceBernstein, on Monday, April 22, 2024
Editor's Note:
Bob Herr is Senior Vice President and Director of Corporate Governance on the Responsibility team and Ryan Oden is a Research Analyst for US Growth Equities at AllianceBernstein. This post is based on their AllianceBernstein memorandum.
Our research shows a correlation between strong governance and higher stock returns.
Investors have long theorized that companies with poor corporate governance practices may be more prone to mismanagement and weak returns. To investigate further, we’ve looked inwar ..read more
The Harvard Law School Forum on Corporate Governance
3d ago
Posted by Alissa Kole, GOVERN, on Sunday, April 21, 2024
Editor's Note:
Alissa Kole is Managing Director at GOVERN. This post is based on her GOVERN memorandum.
Surprisingly, last month’s announcement regarding the addition of an Artificial Intelligence (AI) member to the board of Abu Dhabi’s International Holding Company (IHC) does not appear to have galvanized global attention. Co-developed by a local Emirati AI company G42 and Microsoft, Aiden Insight, the first AI board member in the Middle East, is positioned to be a game changer for corporate boards and their regulators worldwide.
In fa ..read more