Corporate governance - Vigil

Leo E. Strine, Jr., Chief Justice of the Delaware Supreme Court, the Austin Wakeman Scott Lecturer on Law and a Senior Fellow of the Harvard Law School Program on Corporate Governance, recently issued an article that is forthcoming in the Washington and Lee Law Review. The article, titled Corporate Power is Corporate Purpose II: An Encouragement for Future Consideration from Professors Johnson and Millon, is available here. The abstract of Chief Justice Strine’s essay summarizes it as follows:

The most aggressive steps yet by Trump to loosen regulations in the financial services industry, the orders could spark a backlash from his own supporters

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President Donald Trump’s campaign proposals included changes to tax rates and a promise to repeal the Dodd-Frank Act. If enacted, these proposals could have a significant impact on the way businesses handle executive compensation, permitting companies greater flexibility in structurin

In 2016, the Commodity Futures Trading Commission (CFTC or Commission) continued to pursue high-profile enforcement cases and to test its new enforcement authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). 

Economists and economic historians have explored how financial crises become particularly severe when they involve either the banking industry, real estate, or both. The recent global financial crisis represented a confluence of crises in both sectors. In an article published in the Georgia Law Review, I explore how securitization formed a coupling rod that joined together real estate and banking crises and how changes in banking law improved this transmission line. Thanks to these legal changes, securitization became a new pathway for financial contagion.

The U.S. based Investor Stewardship Group has issued a framework consisting of corporate governance and stewardship principles. The Group – which includes BlackRock Inc., the Vanguard Group, T.Rowe Price Group Ince, RBC’s Asset Management division and MFS Investment Management – released the principles for institutional investors on January 31, 2017. While the corporate governance principles …

Evidence that Dodd-Frank Act regulation is making lending conditions tighter is thin on the ground, at least for the vast majority of the U.S. economy.

Canada’s Hudson’s Bay has approached Macy’s about a takeover, people familiar with the matter said, as the biggest U.S. department-store chain grapples with disappointing results and restive shareholders.