Boardroom Governance with Evan Epstein

David Larcker and Brian Tayan on "The Art and Practice of Corporate Governance."


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0:00 -- Intro.

1:38 -- Start of interview.

2:26 -- On the origin story of their latest book: "The Art and Practice of Corporate Governance." 

7:32 -- About the Boeing 737Max case. The cultural shift. "Safety was just a given."

12:29 -- About Netflix's "Radical Transparency in the Boardroom." Reference to their 2010 case study "Equity on Demand, the Netflix Approach to Compensation." 

18:37 -- On the question of CEOs moving up to the Chairman position, (the role of Executive Chairman).

22:39 -- On the evolution of CEO compensation, Say-On-Pay and CEO-to-worker pay ratios.

27:06 -- On the practice of awarding "mega grants" to CEOs (particularly with founder-led tech companies, emulating Elon Musk's Tesla case).

30:42 -- On compensation issues regarding the recent SVB and other bank collapses. "Incentives are more than just the dollar value."

35:11 -- About the "epic misbehavior at Uber", unicorns and other private venture-backed company governance issues.

42:42 -- On the double-edged sword of CEO activism

45:05 -- Engaging employee activists. The Coinbase example. The General Counsel View on ESG Risk (2021).

52:35 -- On the backlash on ESG (see previous episode E50 "The Seven Myths of ESG.")

57:51 -- Corporate governance topics that they are currently working on: 1) SEC overreach and disclosure, 2) DEI, and 3) What's going on at the board level: new data and insights will be released soon!

David Larcker is the James Irvin Miller Professor of Accounting Emeritus at the Stanford Graduate School of Business and he’s a Senior Faculty at the Arthur and Toni Rembe Rock Center for Corporate Governance. His research focuses on executive compensation, corporate governance, and managerial accounting. 

Brian Tayan is a member of the Corporate Governance Research Program at the Stanford GSB. He has written broadly on the subject of corporate governance, including boards, succession planning, executive compensation, financial accounting, and shareholder relations.

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 You can follow the Stanford Corporate Governance Research Initiative on social media at:

Twitter: @StanfordCorpGov

LinkedIn: https://www.linkedin.com/showcase/corporate-governance-research-initiative/about/

__

 You can follow Evan on social media at:

Twitter: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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You can join as a Patron of the Boardroom Governance Podcast at:

Patreon: patreon.com/BoardroomGovernancePod

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

You can follow Evan on social media at:

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

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To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

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Boardroom Governance with Evan EpsteinBy Evan Epstein

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