Nardello & Co.’s Post

With the 2024 proxy season approaching boards need to respond to growing shareholder activism and proxy resolutions on various issues. Read key takeaways from a new NACD (National Association of Corporate Directors) article, Board-Shareholder Engagement Focusing on Strategy: https://lnkd.in/g_U2xtRF #shareholderengagement #2024proxyseason

Discover how to face activist shareholders and protect your company's strategy. Read the full article now! ✏ Mirabel Paquette, Craig MacPhail, and Larry Markowitz #publicrelations #capitalmarkets #corporatecommunications

The dynamics between boards and activists have shifted greatly over the past couple years. After analyzing a decade's worth of settlement data, it is notable how often boards have been settling with activists privately or quickly after a position is made public. Meanwhile, activists have decreased the number of seats requested in their demands, instead shifting their focus towards special committee formation (and representation). See the data and our thoughts on what it means for boards here. Pat Tucker Sean Lange FTI Consulting Strategic Communications #shareholderactivism #corporategovernance #boardgovernance #electgovernance

Since the introduction of Universal Proxy in August 2022, one of the most notable changes in shareholder activism has been the significant increase in settlements between Boards and activists. With heightened risks for individual directors in proxy fights, Boards have been more inclined to settle, and settle quickly. Counter intuitively, this has also corresponded with a time where management teams are winning decisively in proxy contests – seven of eight proxy contests held in the U.S. so far in 2024 resulted in full victories for management. As we close out the 2024 proxy season, those in the activism defense world are starting to ask: are Boards settling too quickly? Our M&A and Activism experts Pat Tucker, Garrett Muzikowski, CFA, CAIA, and Sean Lange share their thoughts in this article: https://bit.ly/3LfvxuT #DoneDeal

REMINDER: Join us TODAY at 12pm ET/9am PT for the next edition of our IHC Fundamentals Series as Nicole Perez, Partner at Baker Botts LLP discusses the key issues and trends in shareholder activism, and how boards and management can prepare for and defend against activist attacks. The session will cover: • An overview of shareholder activism • Tactics commonly used by activists • Factors that attract activists to particular companies • How to assemble a team for activist defense • How management and the board can respond to and defend against an activist • Activism in M&A transactions • Key board decisions when faced by an activist and indicative timelines • The effect that the ESG movement has had on activist activity • The effect of the universal proxy rules This program is designed for in-house counsel from public companies who manage shareholder disputes and boards of directors. This program is FREE thanks to our gracious sponsor, Baker Botts LLP! If you can't make it to the live program, the recording will only be available for viewing via our paid CLE library, In-House Connect On-Demand! RSVP HERE: https://lnkd.in/eQCBtt3j #inhouseconnect #inhousecounsel #shareholder #activism #cle

REMINDER: Join us TODAY at 12pm ET/9am PT for the next edition of our IHC Fundamentals Series as Nicole Perez, Partner at Baker Botts LLP discusses the key issues and trends in shareholder activism, and how boards and management can prepare for and defend against activist attacks. The session will cover: • An overview of shareholder activism • Tactics commonly used by activists • Factors that attract activists to particular companies • How to assemble a team for activist defense • How management and the board can respond to and defend against an activist • Activism in M&A transactions • Key board decisions when faced by an activist and indicative timelines • The effect that the ESG movement has had on activist activity • The effect of the universal proxy rules This program is designed for in-house counsel from public companies who manage shareholder disputes and boards of directors. This program is FREE thanks to our gracious sponsor, Baker Botts LLP! If you can't make it to the live program, the recording will only be available for viewing via our paid CLE library, In-House Connect On-Demand! RSVP HERE: https://lnkd.in/e3j-u8kS #inhouseconnect #inhousecounsel #shareholder #activism #cle

REMINDER: Join us TODAY at 12pm ET/9am PT for the next edition of our IHC Fundamentals Series as Nicole Perez, Partner at Baker Botts LLP discusses the key issues and trends in shareholder activism, and how boards and management can prepare for and defend against activist attacks. The session will cover: • An overview of shareholder activism • Tactics commonly used by activists • Factors that attract activists to particular companies • How to assemble a team for activist defense • How management and the board can respond to and defend against an activist • Activism in M&A transactions • Key board decisions when faced by an activist and indicative timelines • The effect that the ESG movement has had on activist activity • The effect of the universal proxy rules This program is designed for in-house counsel from public companies who manage shareholder disputes and boards of directors. This program is FREE thanks to our gracious sponsor, Baker Botts LLP! If you can't make it to the live program, the recording will only be available for viewing via our paid CLE library, In-House Connect On-Demand! RSVP HERE: https://lnkd.in/e8T4q_Dg #inhouseconnect #inhousecounsel #shareholder #activism #cle

Are you curious about what’s in store for shareholder activism in 2024? Patrick Gadson and I recently shared our thoughts on the year ahead with CorpGov. If you’re interested in learning more about the future of shareholder activism, I highly recommend giving our piece a read. Find it here: https://lnkd.in/eKbASYuM #CorpGov #ShareholderActivism #VEProud #ShareholderActivismDefense

📖 ICYMI: We recently explored the increasing influence of shareholder activism on corporate governance and discussed strategies for effectively navigating activist campaigns.
 🔍 Explore our latest insights to understand how this dynamic trend is shaping the future for both issuers and investors.
 Don't miss out—read the full article here: https://bit.ly/3WFxs1f #ShareholderActivism #CorporateGovernance #InvestorRelations

As we expand our research service to corporations and their executives, 13D Monitor is proud to introduce our inaugural Quarterly Activist Report for Corporations.   This guide will enable companies to learn why activism is on the rise, understand which companies are vulnerable, see why 2023 was an unprecedented year in activism, and view the directory of top activist and corporate advisor contacts.   This edition also features our interview with Joele Frank and Matthew Sherman of leading financial communications and investor relations firm Joele Frank who share their expert insight on a broad range of shareholder activism and corporate governance topics.   We're excited to share even more with you in the quarters ahead.    #InvestorRelations #Activism