The US approach to regulating the securities markets is underpinned by disclosure, and US policymakers have tended to respond to corporate and systemic crises by strengthening disclosure requirements. For example, in response to the global financial crisis, the US Securities and Exchange...

This article surveys corporate governance reforms across the globe, including developments relating to board independence, transparency and disclosure, shareholder rights, gatekeepers, and institutional investors. In addition, the article addresses four key questions for policymakers as...

This article examines the principal uses and key design characteristics of a corporate governance code, the essential attributes that have contributed to the successful implementation and enforcement of governance codes in the United Kingdom, and the unique challenges facing emerging markets in...

This article examines the choices facing policymakers when setting corporate governance rules - pros and cons of mandatory laws versus voluntary codes, and factors to consider when deciding the regulatory approach to employ

'One-share, one-vote,' a bedrock principle of Anglo-Saxon corporate governance, is back in the spotlight. Except this time, the aim is to diminish its application rather than to extend its global footprint.Hoping to stem the tide of short-termism in the financial markets, prominent commentators...

This article argues that the increasing focus on pay by policymakers, shareholders, and the media has magnified its importance as a gauge of success for top executives and created a vicious cycle of ever-higher pay demands. It suggests ways for policymakers, shareholders, and boards of directors...

As the dominant owners of listed companies in many developed markets, institutional investors have been under increasing pressure to act as responsible shareholders. In the UK, Canada, France, the Netherlands, and other markets, stewardship codes have been developed or are under consideration to...

The need for well-functioning boards is especially urgent in emerging markets because institutions that wish to promote good corporate behavior are often weak there. But since directors and shareholders in these regions face unique challenges, the wholesale adoption of Western corporate...

Institutional investors play a crucial, yet paradoxical, role in activist campaigns. With their significant holdings, large quot;mainstreamquot; institutional investors - pension funds, insurance companies, and their asset managers - can often determine the success or failure of these crusades....

This commentary, a contribution to the Harvard Business Review Online Forum on the CEO's role in fixing the capitalist system, discusses how companies can attract and cultivate investors interested in the creation of value over the long term and institutional investors can take actions that will...