Wednesday, March 11, 2020
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Authors worry that "asset managers are routinely ignoring ISS’ recommendations to support social, environmental and lobbying resolutions." But what if the real problem is political bias on the part of ISS? https://t.co/r9FTyp6OT5— Stefan Padfield (@ProfPadfield) March 5, 2020
"banks w/ lawyer-directors assume more risk in ordinary ... circumstances and less risk when a crisis arises, ... mak[ing] banks more valuable. Lawyer-directors do this by drawing on advocacy skills to critically analyze opposing points of view" https://t.co/RcDT3nlh3F #corpgov— Stefan Padfield (@ProfPadfield) March 9, 2020
"the goals of stewardship vary from the UK, where the focus is on the long-term financial sustainability of beneficiaries of institutional investors, to India, which follows a pluralistic stakeholder approach to corporate law" https://t.co/JHfZKPkf82 #corpgov— Stefan Padfield (@ProfPadfield) March 9, 2020
"model’s base case implies that 22.3% of Compustat-listed firms are engaged in financial misrepresentation that is potentially sanctionable by regulators in an average year" https://t.co/eoH1GcASSZ #corpgov— Stefan Padfield (@ProfPadfield) March 9, 2020
"In a democratic society, we should not accept our images being secretly collected and retained to create a mass surveillance database to be used, disclosed, and analyzed at the whim of an unaccountable company." https://t.co/wduLxYPqQI #corpgov— Stefan Padfield (@ProfPadfield) March 6, 2020