What Happens When an Activist Director Goes on the Board?

Activist Directors and Agency Costs - Scholar Archive

What Happens When an Activist Director Goes on the Board? John C. Coffee, Jr.*. Robert J. Jackson, Jr. Joshua R. Mitts. Robert ...

What Is an Activist Shareholder? What They Do and How They Work

While minority shareholders don't run the day-to-day operations, several ways exist for them to influence a company's board of directors and executive ...

How to handle activist investors - Fortune

Directors often dismiss or provoke these investors—who often agitate for a board seat—at their own peril. Getty Images.

Consequences to Directors of Shareholder Activism

... activism could lead to more directorships at other firms when it results in loss of a board seat for an independent director. Overall, Table 8.

Corporate social responsibility in the age of activist directorships

Activist directors and agency costs: What happens when an activist director goes on the board. Cornell Law Review, 104, 381–466. Connelly ...

The Activist Director: Lessons from the Boardroom and the Future of ...

Far too often, boards have been passive, failing to question management until something goes wrong. ... Drexel is a chilling example of what can happen when ...

How to Outsmart Activist Investors - Harvard Business Review

To address the issues they raise in an objective and constructive manner, directors need the unity that comes from years of building board chemistry. That ...

Activist Investor: Definition, Role, Biggest Players - Investopedia

When such efforts fail, an activist investor may pursue a proxy contest to elect new directors in order to force the company to meet their demands. Key ...

Activist Directors: Determinants and Consequences

Following the appointment of an activist director, we find evidence of increased divestiture, decreased acquisition activity, higher CEO turnover, increased ...

Wachtell Lipton Memo: Dealing with Activist Hedge Funds and Other ...

If the board already contains directors previously appointed through a settlement with an activist, or otherwise elected through a proxy fight, ...

Dancing with activists - ScienceDirect.com

We demonstrate that settlements are a key channel through which activists bring about board changes. In particular, we find that settlements are associated with ...

THE FUTURE OF SHAREHOLDER ACTIVISM - Boston University

et al., Activist Directors and Agency Costs: What Happens When an. Activist Director Goes on the Board? 11-12 (Columbia Bus. Sch., Research Paper No. 18-15 ...

NBER WORKING PAPER SERIES DANCING WITH ACTIVISTS ...

To do so, the activist needs to nominate director candidates, file a proxy statement, campaign for shareholder support, and win one or more board seats in the ...

The effect of shareholder activism on bondholders and stockholders

Activist directors and agency costs: What happens when an activist director goes on the board? 2019, Cornell Law Review. View all citing articles on ...

Activist Hedge Funds: Beware the New Titans

The tactics used by activists include private communication with the board and management, communicating directly with the firm's shareholders, threatening to ...

What CEOs And Boards Need To Know About Shareholder Activism

The role of the board ... In a live defense situation (where an activist has privately or publicly approached the company), management typically takes the lead in ...

Should Directors Act Like Activists? - Korn Ferry

But there's a better solution: Directors should get ahead of the activist onslaught, and figure out ahead of time what makes the company vulnerable. After all, ...

Activist Investors Confront 'Weaponized' Board Nomination Bylaws

Confronted by a tide of dissidents, sitting directors are increasingly deploying strict reporting requirements and deadlines onerous enough to “ ...

Norfolk Southern will add board seat in settlement with activist investor

Norfolk Southern and Ancora reached a “cooperation agreement” in which the two will “work together to identify an independent director” to ...

Shareholder Rights and Activism Review - Sullivan & Cromwell LLP

Boards of directors, management and the markets are now more attuned to and prepared for shareholder activism, and engaging with investors is a priority for ...