Why Progressive Politics Matter To Corporate Governance: Forbes

Lawyer Michael Peregrine writes in Forbes about how the upcoming political season may raise more issues about the role of corporations than any other in history: Progressive oriented politicians—including several who are running for President—are promoting a series of bold, innovative, ambitious and thoroughly controversial policies and legislative proposals intended to recast elements of the…

Critique of Warren Proposal on Corporate Accountability

Denise Kuprionis analyzes Senator Warren’s proposal for federal charters of large corporations on the Conference Board corporate governance blog. She finds a number of its provisions are already covered or counterproductive. An excerpt: Perhaps a better answer than the ACA is to better promote benefit corporations as an option for companies. Then to determine and…

Support for Senator Warren’s Accountable Corporations Act

Leading scholars and practitioners have written to endorse Senator Elizabeth Warren’s proposed Accountable Corporations Act. Dear Senator Warren, We are a group of long-term scholars and practitioners of the law, finance, and economics of corporations and other business entities. We write you now in support of your Accountable Capitalism Act. We believe legislation along these…

Why corporate America [foolishly] loves Donald Trump – The Economist

When it comes to gauging the full costs of Mr Trump, America Inc is being short-sighted and sloppy…. The trouble is that companies are often poor at assessing nebulous risks, and CEOs’ overall view of the environment is fallible. During the Obama years corporate America was convinced it was under siege when in fact, judged…

Major Rollback of Dodd-Frank Signed into Law

President Trump has signed the biggest rollback of bank rules since the financial crisis in a major repeal of provisions of the Dodd-Frank legislation. The new law eases restrictions on all but the largest banks, raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system…

The $24 Million Reasons Dems Back America’s Worst Banks

Why would 16 Democratic senators join their Republican colleagues in pushing a bill that lays out a rich banquet of goodies before some of America’s worst bankers, and increases the risk that taxpayers will have to bail them out?Here are 24 million reasons: These 16 Democrats have collectively received $24,488,961 in campaign contributions from savings and…

Phil Angelides Strongly Objects to Rolling Back Dodd-Frank Protections

Phil Angelides, who chaired the committee evaluating the causes of the financial meltdown and recommending changes to prevent another one, has written a very strong letter objecting to proposals to roll back the protections of Dodd-Frank. March 5, 2018 The Honorable Mike Crapo Chairman, U.S. Senate Committee on Banking, Housing, and Urban Affairs 239 Dirksen…

Report: Conflicts of Interest on the FINRA Board

Ann Marsh of Financial Planning says that a new report documents conflicts of interest on the FINRA board, the self-regulatory body with jurisdiction over financial services. A new report by a group of securities arbitration attorneys calls into question FINRA’s ability to protect investors given alleged conflicts of interests on its board. The report was…