The Magazine of Corporate Responsibility

Tag Archive for ‘Harvard Law School Forum on Corporate Governance and Financial Regulation’

Companies Seek to Challenge SEC Bounties for Whistleblowers

A section of the Dodd-Frank financial reform act requires the SEC to pay a cash award to whistleblowers to voluntarily provide original information about violations of federal securities laws that lead to a successful enforcement action. A particularly divisive issue: the proposed rules don’t require a whistleblower to first use internal corporate compliance procedures.

Influential Voices in U.S. Board Rooms

Regulators and rulemakers led the list of 100 most influential people affecting corporate governance in America’s board rooms in 2010, according to the National Association of Corporate Directors. Sen. Christopher Dodd and Rep. Barney Frank, authors of the Wall Street Reform and Consumer Protection Law, were re-elected to the list as was Securities and Exchange Commission Chairman Mary L. Schapiro.

Companies Pressed on Policies to Clawback Executive Pay

When financial results aren’t what they seemed to be – and a company is forced to issue material financial restatements – how does it recoup the incentive pay and bonuses that were awarded to senior managers on the basis of rosier outcomes? It’s not a simple process, as evidenced by reactions to a provision in the newly-enacted Dodd-Frank financial reform legislation.

Whistle-Blowing Found Effective in Targeting Corporate Misdeeds

Whistle-blowing by employees and insiders is a “useful mechanism” for uncovering corporate misbehavior, with clear economic and governance impact on the companies involved, according to a new academic study.

Oscars Skirmish Provides Lesson in Corporate Governance

A confrontation between The Walt Disney Company and Cablevision means more than 3 million New York-area homes may not be able to see the 82nd Annual Academy Awards. Language used by the corporate combatants hints at progress in the movement toward corporate governance reform.