Corporate Governance

Corporate Governance

Research

Expert Commentary

Apr 17, 2013

The Securities and Exchange Commission’s proxy voting rules were meant to ensure well-informed proxy votes that reflect the interests of shareholders. However, the rules have instead given rise to two influential proxy advisory firms that have an inordinate amount of influence on corporate governance, according to a new report released by the Mercatus Center at George Mason University.
Sep 19, 2012

SEC Chairman Schapiro is handing the money market regulation baton to the Financial Stability Oversight Council, the members of which appear ready to take it up. Three weeks ago, the Securities and Exchange Commission had on its calendar a meeting to vote on a proposal to further regulate money market funds. Because three of Chairman Schapiro’s four fellow commissioners did not fall into line with her plan, she had to cancel the vote.
Aug 29, 2012

The CFTC, in a blitz of rulemaking, has outrun its fellow regulators in achieving the G20 objectives. Unfortunately, speed has come at the expense of workability. Implementation difficulties are perhaps most pronounced with respect to the international application of the CFTC’s rules. The CFTC has opted for an expansive approach that places it at odds with foreign regulators and threatens to expose firms to multiple sets of rules.
Jun 01, 2012

The Government Accountability Office (GAO) issued a report yesterday about the Financial Industry Regulatory Authority (FINRA), a powerful self-regulatory organization (SRO). Although self-regulation sounds like a good alternative to government regulation, the reality is not so clear.
May 24, 2012

Facebook’s initial public offering (IPO) captured the imaginations of many people who had never before considered investing. Much of the interest came from Facebook users who wanted to own a piece of a company that has become a staple of their lives. Others dreamt of turning a quick profit by getting in and out of the stock within the first day or week. Widespread media coverage only added to the fervor.
May 24, 2012

Gensler is correct that bad decisions made in one country can affect other countries’ economies, but U.S. regulators can’t shock proof the world. Perhaps Chairman Gensler, who, earlier this week, was complaining to the Senate Banking Committee about not having enough resources to do his job, should not try to add transactions conducted in Europe and Asia to his regulatory plate.

Podcasts

| May 02, 2012
On WOR Radio's The John Gambling Show, J.W. Verret explains that, despite rhetoric about helping the little guy, Dodd-Frank actually benefits the wealthiest Americans.

Media Clippings

Matthew Mitchell | Jul 09, 2012
Matt Mitchell's paper on cronyism, "The Pathology of Privilege: The Economic Consequences of Government Favoritism" was cited in Powerline.
Jason J. Fichtner, Eileen Norcross | Jul 09, 2012
Eileen Norcross and Jason Fitchner's article on pension liabilities is cited on National Center for Policy Analysis.
Matthew Mitchell | Jul 08, 2012
Matt Mitchell's paper, "The Pathology of Privilege: The Economic Consequences of Government Favoritism" is cited it The Examiner.
Todd Zywicki | Jun 26, 2012
Todd Zywicki discusses the UAW bailout and its cost on taxpayers.
Veronique de Rugy | Apr 26, 2012
Veronique de Rugy calls out cronyists.
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