Regulation is necessary to overcome perverse incentives and ensure the quality of corporate governance ratings, which are important to institutional investors, managers, and their clients.

Corporations today are based on "agency capitalism" rather than "shareholder democracy".

History is clear that as an empirical matter, booms induce fraud and swindling.

February 2006'sFinancial Services Outlook outlines an optimal plan for corporate governance.

“Independence” is a central corporate governance idea in the discussions of the Sarbanes-Oxley era. But have the SEC, public companies, mutual funds, stock exchanges, accountants, and proxy advisers gotten carried away by the pursuit of independence? What are its limitations and does it interfere with other essential elements of governance,...

Examiningtheir incentives and access to informationraises questions about whether a supermajority of independent directors should be the "gold standard" of corporate governance.

In a sharp break from that campaign stance and the Administration's first three budgets, President Obama is now calling for an all-in dividend tax rate of almost 45 percent, the highest rate in 27 years. The president's about-face bodes ill for the economy.