PwC’s “The corporate director’s guide to shareholder activism” portrays and explains shareholder activism in a way that takes into account the significant pressures companies are facing from all types of investors, with activism taking the form of not only traditional proxy contests, but also less aggressive activities including shareholder engagement, shareholder proposals, and “vote no” campaigns. Among the most influential activists in this context are institutional investors based on their weighty ownership stake, as well as their increasing propensity to actively vote their shares and partake in “vote no” campaigns.
The guide explains the activist tactics most commonly used by each of the main activist types, common activist triggers, and how companies can mitigate their risks.
See last week’s report: “ESG Activism,” Lazard’s “13F Filing Analysis” (May 2021), and additional resources on our Shareholder Activism page.
This post first appeared in the weekly Society Alert!