Project on Controlling Shareholders

The Project on Controlling Shareholders, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research, discourse, and education with respect to controlling shareholders and companies controlled by such shareholders.

Research studies on the subject by faculty and fellows associated with the Programs include:

The Perils of Small-Minority Controllers

Lucian A. Bebchuk and Kobi Kastiel
Georgetown Law Journal (forthcoming 2019)

Powering Preemptive Rights with Presubscription Disclosure

Jesse M. Fried
The Law and Finance of Related Party Transactions (Luca Enriques and Tobias H. Tröger (eds.), Cambridge University Press, forthcoming 2019)

The Perils of Dell’s Low-Voting Stock

Lucian A. Bebchuk and Kobi Kastiel
Harvard Law School Program on Corporate Governance Discussion Paper (2018)

Cheap-Stock Tunneling Around Preemptive Rights

Jesse M. Fried and Holgar Spamann
Harvard Law School Program on Corporate Governance Discussion Paper No. 2018-4 (2018)

The Effect of Minority Veto Rights on Controller Tunneling

Jesse M. Fried, Ehud Kamar, and Yishay Yafeh
Harvard Law School Program on Corporate Governance Discussion Paper No. 2018-2 (2018)

The Untenable Case against Perpetual Dual-class Stock

Lucian A. Bebchuk and Kobi Kastiel
101 Virginia Law Review, 585-631 (2017)
[Reprinted in 59 Corporate Practice Commentator, 759-801 (2018)

Independent Directors and Controlling Shareholders

Lucian A. Bebchuk and Assaf Hamdani
165 University of Pennsylvania Law Review, 1271-1315 (2017)

Against All Odds: Hedge Fund Activism in Controlled Companies

Kobi Kastiel
16 Columbia Business Law Review, 61-132 (2016)

Executive Compensation in Controlled Companies

Kobi Kastiel
90 Indiana Law Journal, 1131-1176 (2016)

Effect of Delaware Doctrine on Freezeout Structure and Outcomes: Evidence on the Unified Approach

Fernan Restrepo and Guhan Subramanian
Harvard Business Law Review, 205-236 (2015)

The Elusive Quest for Global Governance Standards

Lucian A. Bebchuk and Assaf Hamdani
157 University of Pennsylvania Law Review, 1263-1317 (2009)