CLS Blue Sky Blog

Boards often clear a related-party transaction once it has been disclosed, reviewed, and priced on fair terms. In a recent article, we suggest that this may not be enough. The same transaction can be a sensible business arrangement under one CEO but a symptom of self-dealing under another, and part of the difference may lie in a personal trait: narci...

Before I offer a few reflections, I must note that the views I express here today are my own as Chairman and do not necessarily reflect those of the SEC as an institution or of my fellow Commissioners.

Of course, I should also like to thank the Society for Corporate Governance for the invitation to join you today. While it is always an honor to speak with the Society, ...

In light of climate change and other environmental threats, the relationship between insolvency law and environmental protection is gaining importance. Additionally, empirical research suggests that violations of environmental law by “brown” firms increase in the year before the firms file for insolvency. It is no wonder then that some scholars view ...

On June 25, 2026, the Department of Justice announced the guilty plea of Mingran Wang, the alleged founder and investment manager of Greenroots Capital Management, for an alleged multi-year securities-fraud scheme involving more than 3,000 instances of “spoofing.” Wang pleaded guilty in the U.S. District Court for the Northern District of California ...

Contrary to the popular narrative, leading firms, supported by overwhelming shareholder majorities, have maintained their commitment to diversity, equity, and inclusion (DEI). The reason is simple—inclusive practices improve corporate governance.

Literature from finance, management, sociology, and psychology illustrat...