We've heard plenty about shareholder engagement in the past couple of years, a bit of it sensible, most of it useless pretense.
It started in 2013 with three different programs, promoted by corporate interests for corporate interests. We reviewed each in detail, finding what amounts to various means of protecting directors from eager (or irate) investors.
It continued last week, as Wachtell, Lipton weighs in about the best ways for BoDs to (distract) engage shareholders. In a current blog post, we critique its advice, and suggest some ways for investors really to engage with directors.
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