Academic Director Michelle Lowry moderates a panel discussion with leading academics in corporate governance: David Denis, Kevin J Murphy, and Jonathan Karpoff. Topics include emerging risks for firms, compensation challenges, the CARES Act, and stock buybacks.
During the discussion, panelists explored topics such as:
- Why corporate governance is so important during this time
- Executive compensation: re-evaluating 2020 pay and setting targets going forward
- The role (or non-role) of recent company buybacks on companies’ ability to handle the crisis
- Falling stock prices, the risks of activist intervention and the increasing adoption of poison pills
- The implications of the CARES Act
Panelists:
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David J. Denis
Roger S. Ahlbrandt Sr. Chair in Finance, University of Pittsburgh -
Jonathan M. Karpoff
Professor of Finance and Washington Mutual Endowed Chair in Innovation, University of Washington -
Kevin J. Murphy
Kenneth L. Trefftzs Chair in Finance and Professor of Finance and Business Economics, University of Southern California -
Michelle Lowry, Moderator
Academic Director of Gupta Governance Institute, TD Bank Professor of Finance, Drexel University