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  • March 2023
  • Teaching Note

Hikma Pharmaceuticals Governance Journey

By: Suraj Srinivasan and Jonah Goldberg
Teaching Note for HBS Case No. 318108. The case opens with Said Darwazah, chairman and CEO of Hikma Pharmaceuticals, the multinational generics company, anticipating the company’s 2017 AGM and reflecting on changes made over the previous year to address concerns... View Details
Keywords: Jordan; Emerging Market; Private Sector; For-profit Firms; Boards Of Directors; Pharmaceuticals; Remuneration; Shareholder Engagement; Corporate Governance; Governing and Advisory Boards; Business and Shareholder Relations; Executive Compensation; Business Growth and Maturation; Pharmaceutical Industry; Jordan
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Srinivasan, Suraj, and Jonah Goldberg. "Hikma Pharmaceuticals Governance Journey." Harvard Business School Teaching Note 123-078, March 2023.
  • May 9, 2024
  • Article

Business Education Is Broken: Here Are Strategies to Fix It

By: Andrew J. Hoffman
Business schools have lost their way. Students are schooled in a system that, having raised the standard of living for millions of people over centuries, is now facing systemic failures in both the environmental and social domains—failures that market forces cause and,... View Details
Keywords: Education Reform; Business And Society; Climate Change; Equality and Inequality; Environmental Sustainability; Business Education
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Hoffman, Andrew J. "Business Education Is Broken: Here Are Strategies to Fix It." Inspiring Minds (May 9, 2024).
  • Teaching Interest

Governing for Nonprofit Excellence

By: John Jong-Hyun Kim
Nonprofit organizations require strong, innovative leadership. In this unique HBS Social Enterprise Initiative program, participants gain an in-depth look at four core nonprofit governance competencies: board leadership, strategic stewardship, performance measurement,... View Details

    Centralized Governance in Decentralized Organizations

    We systematically document governance centralization in decentralized autonomous organizations (DAOs) and study its drivers and economic implications. Using multiple data sources and granular on-chain transactional data, we compare our findings to those in... View Details
    • 2025
    • Working Paper

    Centralized Governance in Decentralized Organizations

    By: Lin William Cong, Daniel Rabetti, Charles C.Y. Wang and Yu Yan
    We systematically document governance centralization in decentralized autonomous organizations (DAOs) and study its drivers and economic implications. Using multiple data sources and granular on-chain transactional data, we compare our findings to those in corporate... View Details
    Keywords: Blockchain; Governance; Voting; Organizations; Financial Services Industry
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    Cong, Lin William, Daniel Rabetti, Charles C.Y. Wang, and Yu Yan. "Centralized Governance in Decentralized Organizations." Working Paper, March 2025.
    • 25 Nov 1991
    • Lecture

    Global Patterns in Corporate Governance and Regulation

    By: W. Carl Kester
    Keywords: Governing Rules, Regulations, and Reforms; Corporate Governance
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    Kester, W. Carl. "Global Patterns in Corporate Governance and Regulation." Lecture at the Royal Institute of International Affairs and The Strategic Planning Society Conference on National versus European Regulation: Political, Economic and Corporate Strategic Dimensions, London, November 25, 1991. (Panel speaker.)
    • December 2014
    • Background Note

    Note on Agriculture in Argentina

    By: David E. Bell and Mary Shelman
    This note describes the history of Argentinian agriculture and how it has been affected by government policies and new technologies. View Details
    Keywords: Argentina; Farming; Agriculture; Business And Government; Government Agricultural Policy; Agribusiness; Plant-Based Agribusiness; Agriculture and Agribusiness Industry; Argentina
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    Bell, David E., and Mary Shelman. "Note on Agriculture in Argentina." Harvard Business School Background Note 515-069, December 2014.
    • September 8, 2009
    • Article

    The New Governance Paradigm

    By: Nathaniel Foote and Michael Beer
    Boards members of failed banks in 2008 or of the many companies like Enron who were caught up in scandals are by and large honorable, well intentioned, and competent people. So what went wrong and what can be done about it. This article argues that the problem lies in... View Details
    Keywords: Corporate Governance; Competency and Skills; Banks and Banking; Failure; Goals and Objectives; Leadership; Management Practices and Processes; Ethics; Performance; Governing and Advisory Boards; Crime and Corruption
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    Foote, Nathaniel, and Michael Beer. "The New Governance Paradigm." Directorship (September 8, 2009).
    • 13 Nov 2020
    • Working Paper Summaries

    The European Commission’s Sustainable Corporate Governance Report: A Critique

    Keywords: by Mark Roe, Holger Spamann, Jesse Fried, and Charles Wang
    • 2018
    • Other Teaching and Training Material

    Finance Reading: Corporate Governance

    By: John Coates and Suraj Srinivasan
    Core Curriculum Readings in Finance cover the fundamental concepts, theories, and frameworks in finance. This reading presents an overview of corporate governance, focusing on for-profit businesses that are privately owned by dispersed investors—that is, not owned by a... View Details
    Keywords: Finance; Corporate Governance; For-Profit Firms; Private Ownership; Conflict of Interests
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    Coates, John, and Suraj Srinivasan. "Finance Reading: Corporate Governance." Core Curriculum Readings Series. Boston: Harvard Business Publishing 5209, 2018.
    • February 2018 (Revised October 2024)
    • Case

    Hikma Pharmaceuticals Governance Journey

    By: Lynn Paine, Suraj Srinivasan and Gamze Yucaoglu
    The case opens with Said Darwazah, chairman and CEO of Hikma Pharmaceuticals, the multinational generics company, anticipating the company’s 2017 AGM and reflecting on changes made over the previous year to address concerns expressed by proxy advisors and some... View Details
    Keywords: Boards Of Directors; Pharmaceuticals; Remuneration; Shareholder Engagement; Corporate Governance; Governing and Advisory Boards; Business and Shareholder Relations; Executive Compensation; Business Growth and Maturation; Emerging Markets; Private Sector; For-Profit Firms; Pharmaceutical Industry; Jordan
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    Paine, Lynn, Suraj Srinivasan, and Gamze Yucaoglu. "Hikma Pharmaceuticals Governance Journey." Harvard Business School Case 318-108, February 2018. (Revised October 2024.)
    • 2010
    • Journal Article

    Competitiveness: Business Model Reconfiguration for Innovation and Internationalization

    By: Ramon Casadesus-Masanell and Joan E. Ricart
    The purpose of this paper is to reflect on competitiveness by using the business model concept and to understand the need to adapt business models to changes in the environment. View Details
    Keywords: Modeling Innovation; Business Improvement; Spain; Competitive Strategy; Business Model; Change; Globalization; Innovation and Invention; Situation or Environment; Competition
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    Casadesus-Masanell, Ramon, and Joan E. Ricart. "Competitiveness: Business Model Reconfiguration for Innovation and Internationalization." Management Research 8, no. 2 (2010): 123–149.
    • 2021
    • Working Paper

    The Changing Role of Business in Society

    By: Michael E. Porter
    Business interaction with the U.S. government, historically based on securing industry or company special interests at the expense of the public good, has enabled and furthered government dysfunction. Gridlock within the American political system has precluded the... View Details
    Keywords: Politics; Shared Value; Social Progress Index; Competitiveness; Walmart; BlackRock; ESG (Environmental, Social, Governance) Performance; ESG; Transparency; Campaign Contributions; Campaign Finance; Lobbying; Revolving Door; Political Ideology; Political Parties; Political Partisanship; Government And Business; Government Innovation; Elections; Democracy; Capitalism; Stakeholder Capitalism; Shareholder Engagement; Competition; Strategy; Government and Politics; Society; Social Issues; Human Needs; Wealth and Poverty; Business and Community Relations; Business and Government Relations; Corporate Accountability; Financial Services Industry; Banking Industry; United States
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    Porter, Michael E. "The Changing Role of Business in Society." Working Paper, July 2021.
    • October 1990
    • Article

    The Structure and Governance of Venture-Capital Organizations

    By: William A. Sahlman
    Keywords: Governance; Venture Capital; Organizations
    Citation
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    Sahlman, William A. "The Structure and Governance of Venture-Capital Organizations." Journal of Financial Economics 27, no. 2 (October 1990): 473–521.
    • 2014
    • Book

    Business History

    By: Walter A. Friedman and Geoffrey Jones
    This volume contains a selection of 42 foundational articles on the discipline of business history written between 1934 and the present day by scholars based in the United States, Europe, Asia, and Latin America. A wide-ranging editorial introduction describes the... View Details
    Keywords: Economic History; Business History; History
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    Friedman, Walter A. and Geoffrey Jones, eds. Business History. Northampton, MA: Edward Elgar Publishing, 2014.
    • 11 Jan 2022
    • News

    Can Entrepreneurs and Governments Team Up to Solve Big Problems?

    • Winter 2013
    • Article

    Corporate Governance Reform and Executive Incentives: Implications for Investments and Risk-Taking

    By: Daniel Cohen, Aiyesha Dey and Thomas Lys
    We investigate the mechanism through which the Sarbanes Oxley Act (SOX) was associated with changes in corporate investment strategies. We document that the passage of the governance regulations in SOX was followed by a significant decline in pay‐performance... View Details
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    Cohen, Daniel, Aiyesha Dey, and Thomas Lys. "Corporate Governance Reform and Executive Incentives: Implications for Investments and Risk-Taking." Contemporary Accounting Research 30, no. 4 (Winter 2013): 1296–1332.
    • August 2011 (Revised October 2015)
    • Case

    Boardroom Battle Behind Bars: Gome Electrical Appliances Holdings—A Corporate Governance Drama

    By: William C. Kirby and Tracy Yuen Manty
    Despite widespread news of the incarceration of Gome Electronics' CEO, Huang Guangyu, Bain Capital felt they carefully undertook due diligence before making a significant investment in the company. The venture capital firm was confident that it and the current... View Details
    Keywords: China; Legal Aspects Of Business; Corruption; Risk; Corporate Governance; Crime and Corruption; Power and Influence; Risk Management; Business and Shareholder Relations; Venture Capital; Ethics; Governing and Advisory Boards; Governing Rules, Regulations, and Reforms; Values and Beliefs; Private Equity; China
    Citation
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    Kirby, William C., and Tracy Yuen Manty. "Boardroom Battle Behind Bars: Gome Electrical Appliances Holdings—A Corporate Governance Drama." Harvard Business School Case 312-025, August 2011. (Revised October 2015.)
    • 2018
    • Working Paper

    Business, Governments and Political Risk in South Asia and Latin America since 1970

    By: Geoffrey Jones and Rachael Comunale
    This working paper provides a new perspective on how businesses have responded to political risk in South Asia and Latin America over the last half century. The existing business history literature on political risk is focused on the experiences of Western... View Details
    Keywords: Business and Government Relations; Risk Management; Government and Politics; Business History; South Asia; Latin America
    Citation
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    Jones, Geoffrey, and Rachael Comunale. "Business, Governments and Political Risk in South Asia and Latin America since 1970." Harvard Business School Working Paper, No. 18-102, May 2018.
    • 03 Jan 2017
    • Working Paper Summaries

    Meet the Oligarchs: Business Legitimacy, State Capacity and Taxation

    Keywords: by Rafael Di Tella, Juan Dubra, and Alejandro Lagomarsino
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