Stanford’s David F. Larcker and Brian Tayan have a new paper called Loosey-Goosey Governance: Four Misunderstood Terms in Corporate Governance in which they appear to think they’ve discovered what everyone has understood forever — that there are limits to structural solutions and that checklists of best practices are not especially helpful. We were very clear […]
In his 1914 collection of essays called Other People’s Money and How the Bankers Use It, Louis Brandeis argued that powerful men such as J.P. Morgan leveraged unbalanced control of the public’s assets to their own benefit. One hundred years later, not much has changed. If Brandeis were alive today, you can be sure that he […]
The Investor as Owner Subcommittee of the SEC’s Investor Advisory Committee (SEC-IAC) established pursuant to Section 911 of the Dodd-Frank Act issued a report on Impartiality in the Disclosure of Preliminary Voting Results. The recommendations will be discussed at a meeting on October 9, 2014. When: Thursday, October 9, 10:00 am – 4:00 pm Who: Investor […]
On This Week in the Boardroom (TWIB) TK Kerstetter, President,Corporate Board Member, discusses what conflicts of interest can mean to the company, board and individual director, with Holly Gregory, Partner, Corporate Governance, Weil, Gotshal & Manges (more…)
Yes, those of you who follow my disclosures may have noted that I recently added Wal-Mart. Yes, I bought it because Wal-Mart has because they have been going greener and because of the recent news that Wal-Mart Pledges to Promote Healthier Foods, WSJ, 1/20/2011. Then I read “researchers found that one new Walmart supercentre per […]
America loves risk-taking CEOs, but when such behavior crosses over to boardrooms it could have massive consequences because of the growing scale of businesses and society’s greater dependence on equity markets. Icarus in the Boardroom: The Fundamental Flaws in Corporate America and Where They Came From (Law and Current Events Masters), by David Skeel draws […]