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- All HBS Web (44)
- Faculty Publications (14)
- December 2010
- Article
The Case for Professional Boards
By: Robert C. Pozen
When the world's largest financial institutions had to be rescued from insolvency in 2008, many experts laid the blame at the feet of corporate boards. But insufficient board oversight is a problem that had supposedly been solved in 2002. As the United States...
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Keywords:
Financial Institutions;
Insolvency and Bankruptcy;
Governing and Advisory Boards;
Failure;
Accounting Audits;
Quality;
Behavior;
Legal Liability;
Experience and Expertise;
Corporate Governance;
Governance Controls;
Performance Effectiveness;
United States
Pozen, Robert C. "The Case for Professional Boards." Harvard Business Review 88, no. 12 (December 2010).
- Research Summary
Current Research
Information Dissemination in Capital Markets
Seeking to bridge economic theory and the role of individuals, Professor Brochet researches the transmission of information in capital markets. He has investigated the effects of information... View Details
- 09 May 2017
- First Look
New Research and Ideas, May 9
particularly likely to be an important source of information about managerial ability and effort, and (3) before implementation of Sarbanes-Oxley made opportunistic earnings management more challenging. Our evidence highlights a novel...
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Sean Silverthorne
- 28 May 2019
- Research & Ideas
Investor Lawsuits Against Auditors Are Falling, and That's Bad News for Capital Markets
dismissals have increased, and settlements in recent years have declined,” conclude the authors of a new research paper. “Our study asks why.” The number of lawsuits specifically about Rule 10b-5, the antifraud regulation created under the Securities Exchange View Details
- 05 May 2003
- Research & Ideas
SEC Commissioner Sees “Healing and Reform”
the Sarbanes-Oxley Act of 2002 in the Senate, said that the new law's value is that it helps eliminate conflicts of interest between auditors and a company's board of directors by decreeing that directors...
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by Catherine Walsh
- 01 Jun 2004
- News
Alumni Bookshelf
Capital: The Story of Long-Term Investment Excellence by Charles D. Ellis (MBA 1963) (Wiley) Ellis’s latest book takes an inside look at The Capital Group Companies, revealing the people, practices, and values that have brought this firm consistent success. Manager’s...
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- 16 Jun 2003
- Research & Ideas
Surveying the VC Landscape
disclosure of strategic information critical to the companies in the private equity investors' portfolios. Q: What impact has the Sarbanes-Oxley Act had on how VC firms participate on the boards of their...
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- 01 Dec 2004
- News
One-on-One with William H. Donaldson
emerged after the booming 1990s and the resulting public uproar that forced Congress to pass the Sarbanes-Oxley Act were eerily similar to the period leading up to the market crash of 1929. Coming out of...
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- 10 Nov 2009
- First Look
First Look: Nov. 10
L. Bower Publication:Chap. 9 in Boardroom Realities: Building Leaders Across Your Board, edited by Jay A. Conger, 253-275. Jossey-Bass, 2009 Book link: http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470391782.html Information Content of Insider Trades before and...
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Martha Lagace
- 05 Jul 2006
- Op-Ed
Corporate Governance Activists are Headed in the Wrong Direction
reforms such as the Sarbanes-Oxley Act emphasize oversight enhancement, especially the independence of non-management directors. In U.S. boardrooms today, however, the CEO typically also serves as board...
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by Joseph Hinsey
- 11 Jul 2012
- Research & Ideas
Book Excerpt: ’The Future of Boards’
greater explicitness. But the economic shock of 2008 appears to have caused many directors to reconsider what their boards had been doing and to question whether they could or should be acting differently. "I really do think it's time for...
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by Jay Lorsch
- 01 Dec 2005
- News
Winning Legally
that cross the line. Sarbanes-Oxley is a recent example of that. But managers also need to view strategic compliance as a way to convert what appear to be constraints into opportunities. This idea has been explored in a number of contexts...
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Deborah Blagg
- 30 Aug 2004
- Research & Ideas
Mapping Your Board’s Effectiveness
and monitor the CEO, scrutinize the performance of the company's leadership team, oversee financial reporting and disclosure, and ensure compliance with laws and regulations. The recent failures triggered regulatory and legislative responses, including the View Details
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by Robert S. Kaplan
- 28 Apr 2003
- Research & Ideas
Shareholders Key to Corporate Reform
more balanced and comprehensive if management believes that directors might seek an independent opinion. It should be noted that there is a precedent for providing directors with independent funding: The Sarbanes-Oxley View Details
- 01 Jan 2004
- News
Barbara Hackman Franklin, MBA 1964
corporate auditing and financial reporting. "Integrity and high ethical standards are an essential part of the process." Reforms such as the Sarbanes-Oxley Act are making a difference, continues Franklin....
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- 02 Sep 2002
- Research & Ideas
Foreign Multinationals in the U.S.: A Rocky Road
Sarbanes-Oxley Act is another. Q: What noteworthy differences do you see between the way multinationals operate in the United Kingdom as opposed to the United States? A: There has historically been a...
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by Sarah Jane Johnston & Martha Lagace
- 16 Mar 2003
- Research & Ideas
At the Center of Corporate Scandal Where Do We Go From Here?
more complex and the gray areas more prevalent, we need to strengthen individual integrity. We need leaders who are prepared to act on principle, with standards and values to guide them, even in the face of strong financial incentives to...
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by Kim B. Clark
- 05 Apr 2016
- First Look
April 5, 2016
occupations, the creative act has received limited attention as an economic behavior and has historically proven difficult to study. This paper studies the incentive effects of competition on individuals' creative production. Using a...
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Sean Silverthlorne
- 08 Apr 2008
- First Look
First Look: April 8, 2008
Publication:Harvard Business Review 86, no. 4 (April 2008): 104-111 Abstract These days, boards are working overtime to comply with Sarbanes-Oxley and other governance requirements meant to protect shareholders from executive wrongdoing....
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Martha Lagace
- 28 Jan 2014
- First Look
First Look: January 28
finance, and law to evaluate the impact of the Sarbanes-Oxley Act. We describe significant developments in how the Act was implemented and find that despite severe criticism, the View Details
Keywords:
Sean Silverthorne