(Thursday, 21st May 2020)
Title : CEO Appointments: Too Many Dashed Dreams
Why boards increasingly seem to get “it” wrong despite this being the most critical decision they make. Understanding CEO succession in today’s turbulent times.
(Tuesday, 24th May 2022)
Title : Corporate Governance: the impact of activist investors on boards and CEOs
Deploying more than $40 billion in capital globally and initiating more than 180 campaigns against publicly traded companies in 2020, activist hedge fund represent “the activist” in the capital market and are having a significant influence on corporate governance and strategy and even the ownership of companies. Activist investors have created a renewed struggle between shareholders and managers with their demands to improve shareholder value. What started as a US phenomenon is now global with campaigns against GSK, Danone, Nestle, and Toshiba in 2021. Activist investors have forced divestitures, gained board representation, and can lead to a company being put up for sale. The recent campaign against ExxonMobil by activist investor Engine No. 1, indicates that even with just a 0.02% stake, they were able to succeed by securing the support of institutional investors. Activists represent a relatively new capital market constituent that is driving unprecedented change in firms’ strategy and governance as well as changing the relationship that companies have with their shareholders.