Corporate Governance
New Rules on Shareholder Voting Debate: Best Readers' Comment
The draft SEC regulation on shareholder proposal and proxy advisory firms will curb the initiative of individual shareholders to improve corporate governance and transparency...
It Is Time to Break Up the Disney Empire
Disney is not a corporation that pushes the bounds of artistic and technological possibility but a corporation that pushes the bounds of legal possibility...
Shareholders at the Gate: The Increasing Pressure on CEOs for More Transparency
The average share of votes in favor of proposals that require corporate executives to disclose political and lobbying spending is trending up. But a...
The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability
Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
Why CEOs and Regulators Clash With the Duopoly of Proxy Advisory Firms
Institutional investors that own between 70 and 80 percent of the market value of US public companies often rely on investment advisers voting on behalf of...
Fake Letters Poisoned the Debate on SEC's New Rules on Shareholder Votes and Proxy Advisory Firms
SEC Chairman Jay Clayton claimed that the draft regulation on shareholders' votes and proxy advisory firms received approval by hundreds of "Main Street" Americans....
Political Economy, Blind Spots, and a Challenge to Academics
Anat Admati calls on economists and academics to engage with governance and political economy issues, scrutinize models before applying them to the real world,...
The New SEC Proxy Rules Will Redefine American Capitalism: Let’s Debate Them
A new SEC proposal regarding proxy advisors will make it harder for shareholders to vote against CEOs' preferences. However, there is a 60-day period...
The SEC's Proposal on Proxy Advisor Regulation Shields CEOs From Accountability to Investors
SEC Commissioner Robert Jackson dissented from his SEC colleagues' proposal on how to reform proxy advisors regulation. New rules, he argues, would introduce a...
A Complicated Villain: Is Elizabeth Warren Right About Private Equity?
In a new episode of their podcast Capitalisn't, Kate Waldock and Luigi Zingales discuss one of the most hated industries of America: private equity. Democratic...
