Stanford Closer Look Series

The Stanford Closer Look series is a collection of short studies through which we explore topics, issues, and controversies in corporate governance. In each study, we take a targeted look at a specific issue and explain why it is important.

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2018

Companies are required to have a reliable system of corporate governance in place at the time of IPO in order to protect the interests of public company investors and stakeholders....

David F. Larcker, Stephen A. Miles, Brian Tayan, Kim Wright-Violich
Stanford Closer Look Series. Corporate Governance Research Initiative, November
8 , 2018

CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in...

David F. Larcker, Brian Tayan, Edward Watts
Stanford Closer Look Series. Corporate Governance Research Initiative, September
2018

Companies in the United States are staying private longer, and this trend has important implications for companies and their employees. Employees holding equity awards in private companies are restricted from...

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, May
2018

The hallmark of good corporate governance is an independent board of directors to oversee management. However, it is not clear that independent directors receive the information they need to make...

James R. Copland, David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, May
2018

Proxy advisory firms have significant influence over the voting decisions of institutional investors and the governance choices of publicly traded companies. However, it is not clear that the recommendations of...

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2017

In this Closer Look, we examine the roles that leadership and culture play in contributing to chronic misbehavior and the manner in which it takes root in an organization. We...

David F. Larcker, Peter C. Reiss, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2017

The board of directors is expected to ensure that management has identified and developed processes to mitigate risks facing the organization, including risks arising from data theft and the loss...

Stanford Closer Look|
Alex Baum, David F. Larcker, Brian Tayan, Jacob Welch
Stanford Closer Look Series. October
2017

Board members rely on information provided by management to inform their decisions. Unfortunately, some research calls into question the adequacy of the information the board members receive and, by extension,...

Nicholas E. Donatiello (1960-2018), David F. Larcker, Brian Tayan
Stanford Closer Look Series. September
2017

Governance experts have vigorously debated the appropriateness of CEO compensation. And yet, very little effort has been made to understand the size, quality, and efficiency of the labor market for...

Ian D. Gow, David F. Larcker, Brian Tayan
Stanford Closer Look Series. May
2017

CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the...