The Hard Governance Questions
Earlier, we dispelled the trivial questions that preoccupy, unnecessarily, activist investors and governance junkies. Proxy access, the CEO as BoD Chair, and many others have straightforward answers that derive from two basic premises:
- Shareholders alone should decide how governance works at a portfolio company
- Shareholders should elect directors in a clear, simple manner, to represent investor interests above all.
Yet, designing appropriate governance does raise certain challenges.
In our current blog post, we set forth the significant current and prospective problems in activist investing and corporate governance.
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You can find other useful resources at the TAI website, including our research on "Effective Activism, on the Cheap", the new guide to executive compensation, bibliography of academic research on the returns to activist investing, and our white paper with the basics on activism. |