Sorry to be late and abbreviated in getting out my coverage of this great forum. Be sure to check out the Forum’s photo gallery, which contains many more and much better shots than what I took between cryptic notes and interesting conversations. The first panel at this year’s Forum, which is now housed for a much […]
Tag Archives | Ronald J. Gilson
Bank of America (BAC) Faces Proxy Access on May 8th
James McRitchie, May 1, 2013 ,
John Harrington, of Harrington Investments, will present his proposal on proxy access at the upcoming Bank of America (BAC) meeting on May 8th in Charlotte, North Carolina. It will be the first time language modified to provide a floor for retail nominators of at least 1/2% will be voted on. That modification was made in an attempt […]
Event Coverage: Why the Corporation is Failing Us and How to Restore Trust
James McRitchie, April 15, 2013 ,
Introduction by Professor Ronald J. Gilson, the Meyers Professor of Law and Business, Stanford Law School; Commentary of Lecture by Professor David F. Larcker, the James Irvin Miller Professor of Accounting, Stanford Graduate School of Business. The corporation is one of the most important and remarkable institutions in the world. It affects all our lives […]
Agency Capitalism: Corrective Measures (Part 3)
James McRitchie, March 28, 2013 ,
This is Part 3 of a post which started out reviewing the important thesis outlined in The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights by Ronald J. Gilson and Jeffrey N. Gordon (January 1, 2013) in Agency Capitalism: Corrective Measures (Part 1). In this post and in Agency Capitalism: Corrective Measures (Part 2) I hope […]
Agency Capitalism: Corrective Measures (Part 2)
James McRitchie, March 14, 2013 ,
This is Part 2 of a post which started out reviewing the important thesis outlined in The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights by Ronald J. Gilson and Jeffrey N. Gordon (January 1, 2013). See Agency Capitalism: Corrective Measures Part 1 and Part 3. Current law encourages mindless indexing of portfolios and voting like lemmings […]
Agency Capitalism: Corrective Measures (Part 1)
James McRitchie, March 13, 2013 ,
In their recent paper, The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights, Ronald J. Gilson and Jeffrey N. Gordon (January 1, 2013) argue that proposed reforms to accelerate disclosure of equity positions and prohibit certain derivatives would discourage the vital role of activist shareowners. Below, I argue in support of their position […]