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Institute for Governance
Corporate Governance
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Corporate Sustainability for Managers paired an attorney and ESG expert with a LeBow faculty member to deliver of-the-moment insights on a fast-changing field.

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U.S. publicly traded corporations exhibit significant discrepancies between their disclosed commitment to DEI and their actual hiring practices.

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Paul Décaire shows that rigid budgeting rules reduce investment efficiency and increase wasteful spending, especially in large and complex firms.

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Katharina Lewellen, shows that nonprofit hospitals lack features that are traditionally associated with good governance, such as nimble boards and more.

Revolving Door

Joseph Kalmenovitz, PhD, shows that regulators protect their outside option for higher-paid jobs in the private sector by avoiding post-employment restrictions.

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Paolo Volpin shows that mandatory disclosure of financial information facilitates new deal opportunities, leading to M&A activity and better acquisitions.

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When regulatory oversight is fragmented across multiple government agencies, firms incur higher costs and have lower productivity, profitability and growth.

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A study by Greg Nini shows that creditors play an active governance role by blocking the restructuring tactics of distressed firms if they are value-destroying.

Business Meeting Illustration

A study by Naveen Daniel shows that mandating the appointment of a risk committee and a chief risk officer in banking institutions has no impact on bank risk.

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Shareholders in areas hit by a hurricane change their perception of climate-related risks and become more likely to vote in favor of an environmental proposal.

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A study by Paolo Volpin, PhD and others shows that paid sick leave leads to higher labor productivity and firm profitability.

Illustration Capital Investment

Greg Nini shows that, during the COVID-19 pandemic, firms with the largest shocks to their expected future cash flows raised larger amounts of capital.

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Daniel Korschun argues that tackling climate change requires companies to use their resources to influence policies, public opinion and behaviors.

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Michelle Lowry, PhD, dispels the claim that ownership of rival firms by one institutional investor encourages firm coordination and decreases competition.

Directors Academy Participants gather around a table in a boardroom

Held in person for the first time since 2019, the 17th Directors Academy featured the most qualified and diverse group of attendees in the program’s history.