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