In a new paper, we investigate whether and how ethnic diversity on boards of directors helps shape a firm’s supply chain. Our empirical findings from a sample of U.S. S&P 1500 firms from 2008 to 2020 show a positive effect of such diversity on a firm’s supply chain in two areas: (1) the number of foreign
The CLS Blue Sky Blog
Memecoins and Other Speculative Devices Require Stronger Regulation
Dogecoin’s rise to over $1 billion in daily trading volume, much like the dramatic 30 percent spike in Trump Media & Technology Group’s shares following the assassination attempt on now-President Donald Trump, exemplifies the volatile nature of memecoins. These cryptocurrencies’ wild price fluctuations are driven primarily by social media hype and online community engagement…
Skadden Discusses Shadow Canvassing by 501(c)(4) Organizations
The Challenges Facing Venture Capital in Digital Asset Markets
In a forthcoming book chapter, we analyze the regulatory challenges facing venture capital (VC) firms as they navigate engagement with decentralized cryptocurrency markets, particularly through decentralized autonomous organizations (DAOs).[1] These challenges have grown urgent, as the crypto industry emerges from a period of near existential turmoil to one with the potential for expansive structural…
Cleary Gottlieb Discusses Effective Board Oversight as AI Evolves
Deployment of generative AI expanded rapidly across many industries in 2024, leading to broadly increased productivity, return on investment and other benefits. At the same time, AI was also a focus for lawmakers, regulators and courts. There are currently 27 active generative AI litigation cases in the U.S., nearly all of which involve copyright claims.…
How Digital Networks Are Reshaping Corporate Power
The traditional view of corporate stakeholders is rapidly becoming obsolete in our hyperconnected world. We can no longer neatly categorize people into simple roles as shareholders, employees, or customers. Today’s reality is far more fluid – employees also own the company’s stock, buy its products, and live in communities affected by its environmental practices.
This…
Wachtell Lipton Discusses What Awaits M&A in 2025
After a relative low in global M&A in 2023, the past year witnessed a moderate uptick as the pandemic receded further into the rear-view mirror, the U.S. economy stabilized, inflation declined (albeit with some renewed concern toward the end of the year), financing markets brightened, albeit modestly, and equity markets climbed ever higher. Global M&A…
Why the SEC’s Approach to Chief Compliance Officer Liability Has Failed
Decentralized Markets and Self-Regulation
The United States is ushering in a new era of crypto reforms. Only a few days ago, Mark Uyeda, the acting chair of the Securities and Exchange Commission (SEC), announced the formation of the Crypto Task Force to be spearheaded by Commissioner Hester Peirce. As the new administration develops measures to address gaps in the…