Tag: activist investors
Legal & General and investment group to ‘vote against’ non-diverse boards
Both Legal & General Investment Management and The Investment Association have fired warning shots at FTSE 350 boards to improve gender diversity, or face the consequences.
Telecom Italia executives quit, as investor Elliott calls move ‘stalling’
A number of Vivendi-linked executives quit Telecom Italia, as rival investor Elliott Advisors describes the move as a “cynical” attempt to delay its own attempts to shake up the board.
Activist investors: the corporate world’s new fixture
Boards beware: as investor activism becomes more prevalent, directors would do well to prepare for the worst—an issue that few companies have properly considered.
Investor concern as GKN rebuffs Melrose’s hostile takeover bid
Investors want a clear plan of action from GKN, as the board furiously dismisses Melrose’s offer to acquire the aerospace and engineering business.
Activist investor set for Procter & Gamble board after dramatic vote recount
Nelson Peltz, of shareowners Trian Partners, is set to take a role on the board of Procter & Gamble after a recount found him to have been voted on with the narrowest of margins.
GE chairman appoints activist investor representative onto board
Trian’s Ed Garden has joined the GE board at the behest of the company’s new chairman and CEO John Flannery.
Interserve chief’s payoff elicits investor criticism following profit warning
Investors criticise the high severance pay of former Interserve CEO Adrian Ringrose, who departed two weeks before the company’s profit warning.
UK companies face higher risk of activist action
Research from consultancy Alvarez & Marsal reveals that 54 UK companies are currently activist targets, and that more than two-thirds of activist action across Europe include demands for boardroom changes.
MacKenzie set to face shareholders after taking the chair at BHP
Ken MacKenzie has become the new chairman at the globe’s biggest mining group, but will face fresh pressure from activist investors for strategic change.
ISS cuts support for activist investors
World’s leading proxy adviser ISS is in the process of changing its relationship with activist investors.