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    1. How Corporate Governance Is Changing

      How Corporate Governance Is Changing

      Milton Friedman was wrong. In his seminal 1970 essay , the Nobel Prize-winning economist wrote that companies have no social responsibility beyond making money for shareholders. This doctrine of shareholder primacy guided generations of business executives, board members, and policymakers who ensured that firms forged ahead in the free market with profits as the sole objective...

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    2. Why Investor Engagement with ‘Dirty’ Companies Is Better Than Divestment

      Why Investor Engagement with ‘Dirty’ Companies Is Better Than Divestment
      Investors who espouse environmental, social and governance (ESG) principles will achieve little by selling their shares in ESG-unfriendly companies, according to a new research paper titled “The Impact of Impact Investing” by finance professors Jonathan B. Berk at Stanford University and Jules H. van Binsbergen at Wharton...
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    3. Wells Fargo: What It Will Take to Clean Up the Mes

      Wells Fargo: What It Will Take to Clean Up the Mes

      A series of scandals has sparked a crisis of confidence in Wells Fargo, the nation’s third-largest bank whose roots harken back to the Gold Rush era when it provided financial services to miners in the Wild West. The most recent scandals — which included falsifying and accessing without authorization more than 2.1 million deposit and credit card accounts — has led to one of the biggest stains on the bank’s reputation in its 165-year history...

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    4. Does Gender Diversity on Boards Really Boost Company Performance?

      Does Gender Diversity on Boards Really Boost Company Performance?

      Many commentators suggest that gender diversity in the corporate boardroom improves company performance because of the different points of view and experience it offers. However, rigorous, peer-reviewed academic research paints a different picture. Despite the intuitive appeal of the argument that gender diversity on the board improves company performance, research suggests otherwise...

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    5. How Independent Directors Bridge the Information Gap

      How Independent Directors Bridge the Information Gap

      In the realm of corporate governance, recent research has confirmed a finding that should instinctively make sense: When a company’s board has a higher proportion of independent directors, the company itself behaves in a more transparent way. What’s less obvious is whether the greater transparency is a result of having more outside directors, or whether companies that put greater stock in transparency are more likely to acquire more outside directors...

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    6. The End of Exorbitant CEO Exit Packages? Don't Hold Your Breath

      The End of Exorbitant CEO Exit Packages? Don't Hold Your Breath

      Multimillion-dollar severance packages paid to exiting CEOs routinely make news -- particularly when the leader's tenure was universally panned or when the firm was in major cost-cutting mode. Such payouts have become the norm among large firms, observers say, and they have withstood both public outcry and legislative action. But when stakeholders believe an exit package represents a true ...

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    1-13 of 13
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