News From IRRC Institute

Executive Compensation Analysis Reveals High CEO Pay for Underperforming Companies Results from Skewed Compensation Peer Groups and Board Indifference - June 24, 2010
A new study identifies a subset of S&P 500 companies with high pay that is not aligned with high performance. The data reveal that high executive pay companies self-select larger than appropriate peers - in terms of market capitalization and revenue - for compensation benchmarking purposes.

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IRRC Institute & Harvard Law School Corporate Governance Program to Present Findings of Executive Compensation Research Series - June 7, 2010
Lucian Bebchuk, professor of law, economics and finance, and director of the program on corporate governance at Harvard Law School, will present the findings contained in the Executive Compensation Research Series sponsored by the IRRC Institute on June 15.

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Study: 65 Percent of Investment Strategies Have Shorter Investment Horizons Than Intended -
February 9, 2010
Some active equity fund managers have higher portfolio turnover rates than they themselves claim, a new study finds. Nearly two-thirds of institutional investor-focused investment strategies exceeded their expected turnover from June 2006 through June 2009.

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Supply-Chain Labor And Human Rights Policies Are Becoming The Norm For Large Cap Companies -
November 11, 2009
Some 28% of global companies—including nearly half of those with market capitalizations of more than $10 billion—have labor and human rights (LHR) policies covering their global supply chains.

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New Study Finds Wide Variance in SWF Compliance with Santiago Principles for Disclosure -
October 12, 2009
On the first anniversary of adoption of the "Santiago Principles," a new report finds that some Sovereign Wealth Funds (SWFs) have made progress in becoming more transparent, but there is a wide dispersion in the level of opacity among the funds.

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New Study Finds Significant Voting Pattern Variations Among Large Exchange Traded Funds -
June 30, 2009
This analysis reveals a wide variation in both the voting policies of the seven dominant ETF sponsors, as well as how they actually voted on a sample of twenty-one specific votes on a variety of governance and social policy.

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New Study Determines Private Equity Buyout Firms Generally Fail To Deliver Superior Corporate Governance Policies For Companies Taken Public - June 10, 2009
Private equity buyout firms on average do not implement superior corporate governance policies for the companies they take over, restructure, and then take public.

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New Study Calculates Carbon Exposure of the S&P 500 - June 2, 2009
A new comprehensive analysis indicates that the financial risk to companies in the Standard & Poor's 500-stock index would vary greatly under a cap-and-trade program requiring the purchase of carbon emission credits.

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First-Of-A-Kind Study Finds Shareholder Value Increases Under Hybrid Boards - May 25, 2009
The Investor Responsibility Research Center Institute and PROXY Governance Inc. today released the first-ever comprehensive analysis of the impact of insurgent shareowners winning some - but not all - board seats at a company.

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Investor Responsibility Research Center Institute Announces Initial Research Agenda, Sponsors Global Distribution of Research - May 12, 2009
The Investor Responsibility Research Center Institute today announced the organization will release its first four research reports in May and June of 2009. The reports will focus on four timely and under researched areas.

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Lukomnik to Lead Investor Responsibility Research Institute - July 9, 2008
The Investor Responsibility Research Center Institute today announced that it has hired Jon Lukomnik to lead the work of the Institute. Mr. Lukomnik will spearhead the Institute's efforts to become the preeminent source of objective and relevant research examining the intersection of investments with environmental, social and governance issues.

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