Corporate Governance
Activist
This service is important for any issuer who receives a shareholder proposal, and is imperative for any issuer who is under threat of a proxy contest or hostile takeover. In these situations institutional shareholder support is critical. Since most institutional shareholders subscribe to proxy advisory firms for proxy vote recommendations the key becomes understanding the decision process of the advisory firms and working to position the company’s message to address all of their concerns.
Activities:
Dependent upon the situation, the team may engage directly with the activist seeking a resolution. If mediation is unsuccessful we will then:
- Craft an actionable outline detailing the measures by which the shareholder activist and arguments will be viewed, may also include:
- - Reconnaissance of the activist(s)
- - Company’s top institutional shareholder voting tendencies
- - Proxy advisory firm’s actions on similar situations
- Identify areas of concern and work with third-party professionals to draft a proper response
- Help guide senior management and the board through interactions with the shareholder activist as well as the proxy advisory firms to best position the company and the message