April 17, 2020
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:
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
