Harvard Business School Publishing

“The bylaws were amended to (i) allow for two co-presidents, if recommended by the board of directors in consultation with the sole member, (ii) remove the requirement that one of the directors serve as president, and (iii) separate the roles of president and chief executive officer. Under the as-amended bylaws, the president no longer automatically serves as the chief executive officer, and a chief executive officer may now be appointed by the board of directors in consultation with the sole member (with such duties and powers as the directors shall determine).”

“Unless the directors otherwise determine, the executive committee shall have all of the powers of the directors during intervals between meetings of the directors, except for the powers specified in section 55 of chapter 156b of the massachusetts general laws. As of fiscal year 2024, hbsp appointed two individuals to serve as co-presidents. They each receive one half of a vote. All other voting members receive one full vote each.”

“The dean of the business school of the president and fellows of harvard college is the sole member of hbsp. The sole member has the right to appoint board members and approve decisions of the governing body.”

“Once a year, hbsp sends a conflict of interest questionnaire to all officers, directors, highest compensated employees, and key employees. The questionnaires are signed and returned to the vice president, cfo. If any conflicts are identified the vp of human resources, ceo/co-presidents and chief risk and compliance officer meet to resolve the conflict, and the resolutions are reviewed by the compensation committee. The corporation recognizes that there can be routine transactions between harvard business school publishing and firms where hbsp board members serve as directors or consultants. These routine transactions, including but not limited to placement of advertising, and purchase and sales of products, are not influenced by these relationships and are conducted independently in the ordinary course of business.”

“Once a year, hbsp sends a conflict of interest questionnaire to all officers, directors, highest compensated employees, and key employees. The questionnaires are signed and returned to the vice president, cfo. If any conflicts are identified the vp of human resources, ceo/co-presidents and chief risk and compliance officer meet to resolve the conflict, and the resolutions are reviewed by the compensation committee. The corporation recognizes that there can be routine transactions between harvard business school publishing and firms where hbsp board members serve as directors or consultants. These routine transactions, including but not limited to placement of advertising, and purchase and sales of products, are not influenced by these relationships and are conducted independently in the ordinary course of business.”

“For the 2023 calendar year and tax year beginning july 1, 2023 and ending june 30, 2024, the organization utilized compensation surveys and independent compensation consultants to inform compensation policies and practices. The compensation package for the co-presidents, executive vice president as well as other officers and key employees are reviewed annually and approved by the compensation committee. The chair of the compensation committee is an independent member of the hbsp's board of directors.”

“The form 990, governing documents, and financial statements are available at ma.gov. The conflict of interest policy is available upon request.”

“The individuals receiving related organization compensation are employees of the president and fellows of harvard college and/or harvard business school, a department of the president and fellows of harvard college. The listed individuals may have been employed by harvard business school and/or harvard university for all or part of the year. Laila worrell was ceo from 07/2022 to 09/2023. Ellen desmarais and sarah mcconville became co-presidents on 09/2023. Prior to 09/2023, ellen desmarais was coo & evp, higher ed. Sarah mcconville was cmo & group publisher.”

“Harvard business school publishing corporation's ("hbsp") primary exempt purpose is to support the educational mission and faculty research of harvard business school, thereby extending its reach through publishing activities.”

“4a - management education to individual managers we present rigorous research, informed commentary, intelligent debate, and practical guides - all offered across multiple platforms to business leaders, academics, and students around the world. The harvard business review group ("hbr") strives to be the world's most trusted source of relevant ideas about leadership, management, and strategy. The content developed by the hbr group, harvard business review magazine, books and online discussions are used in organizations and classrooms to disseminate leading edge management ideas. 4b - management education in support of higher education the higher education group extends the reach of the harvard business school ("hbs") - its research, teaching materials, and pedagogical approach - to educational institutions around the world. We provide these institutions with the same materials used in the hbs classroom and offer numerous seminars to train faculty worldwide in the pedagogical method, participant centered learning, that is practiced at hbs. In this way, we amplify the impact that hbs has on the world and assist hbs in accomplishing its larger mission. A relatively small number of students-fewer than 2000-attend the hbs mba program each year, while the higher education group at hbsp is able to assist hundreds of thousands more to become effective managers and leaders. 4c - management education to corporations we build better leaders and managers in the corporate learning market by partnering with its corporate clients to develop and implement a customized portfolio of content and services uniquely suited to their talent development strategies. Through client engagements, hbsp delivers thought leadership applied to real-world problems for measurable results. Hbsp helps organizations deliver a unique transformational learning experience for leaders, from a company's most senior executive to its high-potential performers. 4d - other activities include advertising and services to supported organization.”

“Description:honorarium total fees:253879”

“Description:recruitment total fees:211373”

“Description:temporary employees/agency total fees:13013926”

“Description:faculty total fees:1863856”

“Description:independent contractor total fees:3383776”

“Description:moderator total fees:3578616”

“Description:professional service provider total fees:10038352”