Wednesday, February 26, 2020
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"The Dark Side of Corporate Social Responsibility": "Our results are consistent with the argument that allowing directors to consider stakeholders’ interests makes directors less accountable." https://t.co/3V522nzqVg #corpgov— Stefan Padfield (@ProfPadfield) February 24, 2020
"ESG initiatives also contemplate disclosure of a company’s tax policy or 'approach' to tax, as well as governance and risk management processes relating to tax." https://t.co/Xfd4xraFJn— Stefan Padfield (@ProfPadfield) February 23, 2020
"The Supreme Court’s decision in Cyan, ruling that state courts have concurrent jurisdiction over claims relating to public offerings under the Federal Securities Act of 1933 has dramatically (and negatively) altered the landscape for companies going public today." https://t.co/CiIcx670uJ— Stefan Padfield (@ProfPadfield) February 25, 2020
"studies found a significant positive correlation between tax avoidance and institutional ownership, indicating that the emerging ownership structure in the U.S. economy – common ownership – plays an outsized role in instances of corporate tax avoidance" #corpgov https://t.co/6UoCxebPcA— Stefan Padfield (@ProfPadfield) February 20, 2020
"Certain key ESG risks—notably, risks related to corrupt business practices, privacy and data security, climate change, greenhouse gas emissions, diversity and labor practices—are already being evaluated in the context of M&A due diligence ...." https://t.co/2ob1UREOlf— Stefan Padfield (@ProfPadfield) February 20, 2020