Shareholder Activism Conferences 2019

shareholder proposal rights exercise in the June 2019 annual shareholder meetings out of 1896 companies surveyed, an increase of more than 25% from the 35 such companies in June 2018 out of 1899 companies surveyed. The report's recommendations focus on responding to the excesses of activists in the French market with enhanced disclosure, reduced. Hundreds of activists linked to numerous groups gathered outside the convention centre in an effort to stop delegates attending the International Mining and Resources Conference (IMARC). Featured Event. Schulte Roth & Zabel (SRZ) is hosting its 10th Annual Shareholder Activism Conference today in New York. Some results were not surprising. Find event and ticket information. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Boards often respond to activist pressure by agreeing to place at least one activist director on the board. An activist shareholder is a shareholder that uses an equity stake in a corporation to put pressure on its management. Notes from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19. Schulte Roth & Zabel (SRZ) is hosting its 7th Annual Shareholder Activism Conference today in New York. Securities and Exchange Commission Center for Capital Markets Competitiveness U. Recording - Originally broadcast: 10 July 2019. Shareholder Activism. review of shareholder activism h1 2019- Source: FactSet, press reports and public filings as of 6/30/2019. Your go-to resource for CSR (and CSR-related) conferences in 2019 is here! Gather knowledge and come together with other passionate CSR practitioners - take your next step to change the world. A key trend to watch in 2019 is the blurring of the lines between traditional shareholder activism - where investors, typically hedge funds, take an ownership position in a public company and seek to effect material change by utilizing various tactics including proxy contests, stockholder proposals, and public and private agitation - and. The mission of the IIEF is to promote open dialogue on important legal issues and trends. The 2014 Shareholder Activism Insight report by Mergermarket is very well done and slices data in some really interesting directions. According to Activist Insight, there were 237 activist campaigns launched in 2013, up from less than 30 in 2000. Trump is also expected to give official notice soon that the. Please join us for our expert-led discussion on the latest developments and trends in shareholder activism. General activist triumph is easier to capture: Studying shareholder activism in the U. Yesterday I was at The Deal's New York Conference, The Rise of Shareholder Activism in Asia Pacific. review of shareholder activism h1 2019- Source: FactSet, press reports and public filings as of 6/30/2019. The IIEF 18us Global Shareholder Activism Conference will focus on some of the most critical issues currently affecting institutional investors and their advisors in the U. Growth in Activism. A well-known activist shareholder is Carl Icahn who has made huge returns on taking stakes in businesses such as Netflix and (more recently) Apple. The heads of mining and fossil-fuel companies are meeting this month in Melbourne to exchange tips on how to best extract wealth from the planet. Activist Insight and Cadwalader invite advisers that regularly represent shareholder activists to join us for a private lunch at August Restaurant on Thursday 14th March at the Tulane conference. Corporate Control Activism, with Adrian Corum Journal of Financial Economics, 133(1), 1-17, July 2019 5. This essay uses the example of Stada Arzneimittel AG to highlight features of activism, German style. and throughout the world. UK Shareholder Activism and Battles for Corporate Control: Briefing Against the Board and Improper Disclosure of Confidential Information May 7, 2019. January 24, 2019 BLB&G partner Jeroen van Kwawegen served as a distinguished panelist at the “Shareholder Activism: Unlocking Shareholder Value” conference, organized by Skytop Strategies, and held at the Royalton Park Avenue in New York City on January 24, 2019. The number of companies publicly targeted hit record highs in the U. The 2019 Shareholder Activism Summit convenes activists, board directors, and corporate management to discuss the state of play in activist engagement and what to expect in the upcoming shareholder season. 6%yoy) in FYE March 2018. 6bn) and break a record high in FYE March 2019 (+25%yoy). Shareholder Activism Stock Offering Stock Split neuroscience and biodefense announced today that Kineta has been invited to participate at multiple investor conferences in October 2019. Regardless of their intentions, the disruptive impact of an activist investor on a company can be enormous. The provision grew out of decades of shareholder activism at hundreds of companies, with shareholders demanding disclosure on CEO pay. Shareholder Activism in Canada Attracts More Scrutiny September 09, 2013 Presentation on activism trends in Canada, activists techniques, proxy infrastructure issues, regulatory developments and case law. Young Belgian climate proponents Adelaide Charlier and Anuna De Wever (pictured) had boarded a sailing boat for South America in October to sail to Chile. On the other hand, even if shareholder activists can help to advance the modern civil rights agenda, their willingness to do so remains uncertain. Director Education Opportunities (Updated October 2019) 2 Date(s) Offered Location Organization Program Title and Website Topics Dec. An activist emigration Although the US was the breeding ground for shareholder activism, American tactics have begun to spread around the world. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. I find that conditioning on numerous observable firm-specific characteristics and unobservables, broader and negative ex-ante media coverage is positively associated with the probability of a firm being a shareholder activist’s target. Lecture / Conference CJEB Annual Tokyo Conference 2019 August 2019. Harrison Ford (Actor and Environmental Activist) on the importance of rainforests during the UN Climate Action Summit 2019 23 Sep 2019 - Rainforests constitute the lungs of our planet. 2019 Chinese University of Hong Kong Accounting Research Conference, EAA Annual Congress, CAAA Annual Meeting, Temple/Calgary Accounting Conference at Banff National Park, AAA Annual Meeting 2018 Workshop on Finance and Politics. Despite the growing influence of shareholder activism on corporate governance, the clustered activism phenomenon has previously only been addressed indirectly, anecdotally, or with limited data. rawpixel / Pixabay The timing of the event was certainly fortuitous – although activism in Asia is down year-to-date, when compared to the same period last year, Japan recently became the third busiest global market for activism and volumes. The Shareholder Services Association is a nationwide network of shareholder services industry professionals. Carlo Allegri/Reuters "This is all. Shareholder Activism covers topics such as: The Reputation of the Corporate Board: What Drives it and Why Does it Matter? The Use of Litigation in Proxy Fights: Recent Trends in Canada and the US; How Activists Are Targeting CEOs. Outside of Pittsburgh conference, activists declare, "We need to step up today and protect our water! Because without water there is no life. The Finance Commission of the French National Assembly has announced a report that will recommend reforms to French securities market regulations to address shareholder activism and market transparency. Far-left climate activist Greta Thunberg was in the process of traveling to Chile this week for the 2019 United Nations Climate Change Conference, or COP25, when she got unexpected news – the event had been rescheduled in Spain after intense protests broke out in Chile. Swedish environmental activist Greta Thunberg speaks during the Climate Action Summit at United Nations Headquarters in New York, New York, September 23, 2019. Who cares about Wider Shareownership or the Shareholder Democracy? Rome's decline started when wealth got concentrated in the hands of the few. On April 1, V&E partner Gary Huffman will speak as a co-panelist on "The New Limitation on the Deduction for Business Interest Expense Under Section 163(j)" at the Tax Executives Institute's 2019 Mid-Year Conference. See you at the Activist Conference on May 6! A growing, province-wide Local Founded in 1938, UFCW Local 832 grew from about 700 members in 1964 when Bernard Christophe was elected President to more than 15,000 by the time he stepped down as president in September 2002. The Fund was founded by Ken Squire, who has been operating the premier research service on shareholder activism for the institutional community since 2006. Global Shareholder Activism Conference Thursday, November 29: noon - 5:00 pm, followed by a cocktail reception. We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Skytop Strategies convenes senior company management, boards of directors, and institutional shareholders on the creation of long-term value. The second and final—and fullest—day of a Radcliffe Institute conference honoring radical activist and global icon Angela Davis was about to start. Learn about the current state of hedge fund activism and best practices for preparing for and engaging with activists. New factors, such as calls for a greater emphasis on environmental, social and governance (ESG) issues, are changing the game as well. The number of companies publicly targeted hit record highs in the U. However, based on what I have seen at CalPERS, one of the. Thu Jun 06 2019 at 08:30 am, As we enter a new age of shareholder activism, the dynamic between influential shareholders, corporate boards and institutional i. Awaiting the start, in Rome on November 4th, let’s listen to Marcello Colla, Head of Administration and CSR at Etica Sgr, the asset management company leader in Italy’s SRI retail …. Instead of trying to pass gun control laws through Congress, they are forcing public companies to bend to their will. According to data produced by Skadden Arps Slate Meagher. Yvan Allaire: Shareholder Activism and Long-Term Value James McRitchie | CorpGov. Lipton On Shareholder Activism: The Next Round Posted by David Zaring We've got a nice donnybrook going between Lucian Bebchuk and Marty Lipton on the positive long term returns to companies subjected to campaigns by activist shareholders. Leading hedge fund law firm Kleinberg Kaplan ranks among the most active legal advisors for activist campaigns, according to data intelligence provider Refinitiv. The Big Picture. For example, they found that “Corporate respondents (68%) are noticeably more likely than activist respondents (44%) to expect cash-heavy balance sheets to trigger activism in the years to come. even without shareholder activists engaging in, let alone winning, proxy contests and, in contrast to most prior research, director election results matter. It's about value, not values. Shareholder activism is a way that shareholders can influence a corporation's behavior by exercising their rights as partial owners. Personal Finance Columnist Rob Carrick weighs the pros and cons of saving with a TFSA The Globe and Mail Related. SumofUs put out a call for members who held Mastercard shares and would be willing to work with the nonprofit group to file a proposal at Mastercard’s next shareholder meeting. Shareholder activism remains pervasive in the corporate landscape, as many companies continue to face new, and sometimes more sophisticated, activist situations. Experts are also pondering how uncertainty in the U. The Journal of Law, Finance, and Accounting (JLFA) is pleased to announce its sixth conference, that was at the London Business School, Sussex Place Regents Park, Friday November 17th and Saturday November 18th, 2017. CNBC's Leslie Picker reports on shareholder activism in 2019, which has been down from previous years. CAGNY Conference 2019 Introduction Video. For the first six months of 2019, Kleinberg Kaplan ranked third for legal counsel advising activist investors, according to its Global Shareholder Activism Scorecard released this past week. The Seattle-based global commerce and technology giant was pushed past ExxonMobil and Chevron in 2019, receiving the most shareholder. The meeting, which was open to the public, was attended by many local police accountability activists—including those who held a press conference with a list of PPA contract reforms in September. We exhibit a free-rider effect (agreement among shareholders leads to less participation) and an underdog effect (disagreement leads to more participation). You can expect the agenda to include educational sessions on a variety of topics, including new technology, issuer and agent roles and responsibilities, unclaimed property, regulation, communications and much more. As always, when engaging directly with shareholder activists, directors and senior management should stay focused to ensure that their response is in the best interest of all shareholders. Maruki’s remarks can be found between 26:25 to 37:12. investor: if a U. Just two days into a new Administration, “Directors Forum 2017: Directors, Management & Shareholders in Dialogue,” January 22-24, 2017, will feature four keynote speakers who will provide insights into the 2017 economy, the future of Dodd Frank, trade deals, minimum wage, the continuing expansion of investor activism, political and regulatory intervention, and geo-political unrest. The number of public companies facing shareholder proposals in Japan has. Shareholder Activism Is Coming To A Boardroom Near You Advertisement Led by investors such as Carl Icahn, Bill Ackman and Jeff Smith, and targeting companies from DuPont to PepsiCo, campaigns by activist investors have become a common occurrence in the United States in the past few decades. Fresh from having pushed House Speaker Dennis Bonnen halfway out the door, Texas conservative activists are looking to rerun the 2019 legislative session in which the speaker played such a big part. This session reviews the state of the art in aggressive shareholder activist techniques and in effective corporate response. These strategies may seem incompatible: get rid of shares, or participate in shareholder actions. Both post-conference workshops run on December 11, 2019 and are worth 3-4 CPD hours each. Morgan Lewis partner and shareholder activism defense practice leader Keith E. company to consider splitting its Costa Coffee shops from its Premier Inn hotels. S&C partner Krishna Veeraraghavan will speak on a panel titled "Effectively Dealing with Shareholder Activists: Learn from the Trenches" at the National Asian Pacific American Bar Association's (NAPABA) 2019 Conference (November 7-10). Activist Shareholders Have Been Significantly Influential in the U. Boards also can take steps, such as reviewing management's activist-campaign response plan and requesting an activist vulnerability assessment, to help. We also provide in-depth identification and interpretation of security holder ownership and trading. Shareholder activism is on the march across Europe, but the UK is the single largest hunting ground for activists, according to consultancy Alvarez & Marsal (A&M). REIT activists continue to build a case for change across a broad range of issues, from strategic direction to conflicts of interest. Swedish activist Greta Thunberg has once again called for eco-friendly help getting from the US to Spain for a climate conference, but so far she can’t seem to find a ride that meets her unrealistic standards. To a large extent, activism is a debate about capital deployment, risk tolerance, and performance—topics that are typically part of management’s and the board’s agenda in the normal course of business. Of the many goals set out by shareholder activists, board-related, governance-focused activism is most likely to garner support from active asset managers, at 79 percent. Both Tom Davies and Harry Kinzler from Kekst CNC participated in the first panel discussion of the day exploring American shareholder activism. For all companies, the challenge is to understand how activist investors are affecting M&A deals, and to know where their vulnerabilities lie. Shareholder activism is a way that shareholders can influence a corporation's behavior by exercising their rights as partial owners. Monday May 27, 2019. We divided 50 IROs into five roundtables and tasked them with examining the top trends facing IROs: shareholder activism, the impact of Mifid II, Brexit, ESG investing and the use of alternative and Big Data. This session reviews the state of the art in aggressive shareholder activist techniques and in effective corporate response. A host of top attorneys, judges, scholars, regulators, and advisers debated the latest issues in corporate and securities law on June 7 at a Columbia Law School conference in New York, offering cutting-edge thoughts on everything from cybersecurity to shareholder activism to the potential regulation of proxy advisers. The Activist Investing Annual Review 2019, produced by Activist Insight in association with Schulte Roth & Zabel (SRZ), was released today. Paul Singer’s Elliott Associates bought a 10 percent stake in the EHR vendor, says there are many ways the company can improve shareholder value. Our diverse membership includes corporations of all sizes, transfer agents and a wide variety of specialized service providers. ICGN Amsterdam Conference 2019 ICGN is delighted to return to The Netherlands for our first event of 2019. By Sam Bagot on May 8, 2019 Posted in Shareholder Activism The modus operandi of shareholder activism is to agitate for change, often involving campaigns to convince other shareholders to support proposals to change the composition of the board and the company’s strategy. Josh Black of Activist Insight and Bruce Goldfarb of Okapi Partners LLC will discuss the "State of the Market and Trends for the 2019 - 2020 Proxy Season. A host of top attorneys, judges, scholars, regulators, and advisers debated the latest issues in corporate and securities law on June 7 at a Columbia Law School conference in New York, offering cutting-edge thoughts on everything from cybersecurity to shareholder activism to the potential regulation of proxy advisers. It goes on to discuss the legal issues raised by activist campaigns at the two stages of. Each year, activists and health officials from across the country and world gather in DC for the International Conference on Stigma. The 2019 Shareholder Activism Summit convenes activists, board directors, and corporate management to discuss the state of play in activist engagement and what to expect in the upcoming shareholder season. The UK is seeing the rise of a different kind of shareholder mobilization: gender activism. Wall Street cracks down on activist shareholders, and Jamie Dimon is glad Dimon has chastised stockholders as ‘lazy’ for blindly following recommendations from proxy advisers on how they. Activist investor takes aim at athenahealth | Healthcare IT News. The corporate activist purchased options equal to 4. That's all. REIT activists continue to build a case for change across a broad range of issues, from strategic direction to conflicts of interest. Find event and ticket information. I find that conditioning on numerous observable firm-specific characteristics and unobservables, broader and negative ex-ante media coverage is positively associated with the probability of a firm being a shareholder activist’s target. Mergers and Acquisitions, Corporate Governance, Shareholder Activism Home » M&A Risks for Boards and Management Teams in 2019-20 - Takeaways from Conference Board Panel Discussion among Cleary Gottlieb, J. Shareholder Activism is a conference dedicated to the latest state of play in corporate shareholder activism. Activist investors are taking a ninja-like approach to stodgy companies. And while activists used to fly mostly under the radar, many have now embraced new media platforms as a way to make their cases heard. We also discuss a recent decision of the B. Shareholder activism's main goal is to drive change and maximize a company's potential as its shareholders deem fit. ­Check out this year's Realized Worth conference list, and pin the events you want to be part of!. Shareholder activism should encourage boards to step up their investor engagement oversight efforts, and be open to not only listening to shareholders, but also to collecting input from them. Civil societies and other types of shareholder activist groups; Reasons for ESG. Regularly quoted in the major financial press, Activist Insight is the trusted source for data in this evolving space. When such activism turns into a public campaign by one or more investors, there can be very significant financial and reputational risks for the targeted corporate and its Board. A new kind of developer activism is emerging: “open source” licenses that restrict how the software can be used—i. Our shareholder activism attorneys partner with the management team, board of directors and the company's other advisors on an ongoing basis to anticipate and respond to activist investor demands or campaigns and to consider whether any changes to a company's structural defenses, governance or strategic outlook are advisable. This year's conference will be held at New York's iconic and historic landmark Lotte New York Palace. presented Dear Chairman: Activist Investors, Engaged Shareholders – The Lines Are Blurring. Shareholder activism is one of the most controversially debated topics in boardrooms and the financial press these days, but it’s only one of many factors that impact dealmaking. Sandon Capital is an Australian-based activist investment firm. Towards a Political Understanding of Public Shareholder Activism. It describes the various tactics and mechanisms available to shareholders to effect corporate change. Usually, activists aiming for minority board representation look for the support of institutional investors (other than hedge fund investors), which invariably submit their list of candidates after having sought the support of. Please continue to check back regularly as the agenda is updated. Lipton On Shareholder Activism: The Next Round Posted by David Zaring We've got a nice donnybrook going between Lucian Bebchuk and Marty Lipton on the positive long term returns to companies subjected to campaigns by activist shareholders. A full day of interviews, panel discussions, and presentations by practice experts, strategists, advisors, activists, and investors makes. tv, TheCorporateCounsel. In 2018, shareholders of U. Download the full chapter. Boards also can take steps, such as reviewing management's activist-campaign response plan and requesting an activist vulnerability assessment, to help. Michael Crosby has been fighting the tobacco industry since about 1980. 7 million Californians in the dark Sunday, the state’s largest deliberate blackout ever, as the bankrupt utility tries to keep its equipment. On May 6, 2019, Skadden hosted the Cross-Border M&A Conference 2019, “Developments and Trends in US and Japanese M&A. An activist shareholder is a shareholder that uses an equity stake in a corporation to put pressure on its management. The price is $529 from March 22 until the day of the event or until sold out. Delaware 2019: The Shifting Landscape of Shareholder Activist Rights Interviewer: Interviewee: Mark Lebovitch, Corporate Governance Litigation Practice, BLB&G Greg Varallo, Head of Delaware Office, BLB&G: 10:55-11:25: Director Panel Boards and Business Strategy: Best Practices in Preventing an Activist Intervention Discussion Leader:. As we enter a new age of shareholder activism, the dynamic between influential shareholders, corporate boards and institutional investors. Travis Laster '95 February 1, 2019 J. Bloomberg | Quint is a multiplatform, Indian business and financial news company. February 11, 2019. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More. Civil societies and other types of shareholder activist groups; Reasons for ESG. Paul Singer’s Elliott Associates bought a 10 percent stake in the EHR vendor, says there are many ways the company can improve shareholder value. AT&T's truce with Elliott Management — avoiding a protracted fight with one of the world's most successful activist shareholders — sent the company's stock to a 52-week high on Monday. Seto back. Activism definition: Activism is the process of campaigning in public or working for an organization in order | Meaning, pronunciation, translations and examples. 2019 Conference This page contains information on registration , the schedule and hotel options for the 2019 Workers' Capital Conference in Paris, France. activists, and politicians taking part in the American. For more information, please click here. It is a 1 day event organised by Skytop Strategies and will conclude on 19-Nov-2019. Check out who is attending exhibiting speaking schedule & agenda reviews timing entry ticket fees. The event was created by Ken Squire, founder and principal of 13D Monitor, in 2010. Despite increased visibility due to high-profile campaigns, shareholder activism in 2019 decreased from 2018. This study examines activism campaigns where multiple activists simultaneously target the same firm—which we term clustered shareholder activism. Maruki, CEO of Strategic Capital Inc. Hinman, Director of the Division of Corporation Finance at the Securities and Exchange Commission (SEC). In case you missed it last weekend, Donna Dabney, Executive Director of the Governance Center at The Conference Board posted this November 14th presentation by Dr. An activist shareholder is a large stakeholder who attempts to gain control of a company and replace its management. As shareholder activism continues to grow in Europe, companies are taking a more proactive approach to engagement to ward off corporate raiders. The Procter & Gamble Company 2019 Annual Meeting of Shareholders. Corporate Canada now recognizes that shareholder activism has itself become a species of investment strategy in a diversified portfolio – and one that offers the hope of high short term performance to bolster portfolio returns during a period of economic uncertainty. Regularly quoted in the major financial press, Activist Insight is the trusted source for data in this evolving space. " The 23-year-old activist said he was the only candidate who was barred from running. The conference features leading activist investors and their advisers, institutional. Presented by Toppan Merrill, in partnership with Mergermarket and Activistmonitor. Travis Laster ’95 February 1, 2019 J. Please reserve my place at the November 29th IIEF conference focusing on critical issues facing institutional investors and their advisors in the U. European Financial Management Association 2019 Annual Meetings June 26-29, 2019 University of Azores, Ponta Delgada, Island of S. That’s about on par with the. Shareholder activism is exploding: The number of activists is increasing, and their tactics and strategies are changing. activists, and politicians taking part in the American. January 24, 2019 BLB&G partner Jeroen van Kwawegen served as a distinguished panelist at the “Shareholder Activism: Unlocking Shareholder Value” conference, organized by Skytop Strategies, and held at the Royalton Park Avenue in New York City on January 24, 2019. Select Shareholder Activism Matters. A key trend to watch in 2019 is the blurring of the lines between traditional shareholder activism — where investors, typically hedge funds, take an ownership position in a public company and seek to effect material change by utilizing various tactics including proxy contests, stockholder proposals, and public and private agitation — and. Young Belgian climate proponents Adelaide Charlier and Anuna De Wever (pictured) had boarded a sailing boat for South America in October to sail to Chile. Shareholder activism remains pervasive in the corporate landscape, as many companies continue to face new, and sometimes more sophisticated, activist situations. Part 2 of this article describes the regulatory framework for prosecuting and defending election contests (including relevant U. This guide does not cover the considerations applicable to non-UK companies. Gramm, a value-oriented hedge fund manager and adjunct professor at Columbia Business School, explores the history of shareholder activism from the 1920s though today in this insightful and well-writt. Schulte has more than 30 years of experience advising clients on more. Schulte Roth & Zabel (SRZ) is hosting its 7th Annual Shareholder Activism Conference today in New York. Shareholder activism is a critical issue facing US real estate investment trusts (REIT) management teams and boards of directors. Recent activism-related trends indicate that the landscape is continually shifting, and companies' strategies for dealing with activism should therefore also evolve and adapt. 2019 edition of Shareholder Activism will be held at Convene Conference Center, New York starting on 19th November. Anti-fossil fuel shareholder activism. Leading hedge fund law firm Kleinberg Kaplan ranks among the most active legal advisors for activist campaigns, according to data intelligence provider Refinitiv. Schulte Roth & Zabel (SRZ) is hosting its 10th Annual Shareholder Activism Conference today in New York. Thursday, March 14, 2019 | 12:00 - 13:45 2nd Annual 'Shareholder Friendly' Luncheon at the Tulane Conference. For more information, please click here. Activists executed a multipronged attack on all aspects of segregation in every aspect of life: public accommodations, education, housing, and employment. SAP CEO welcomes 'fantastic' activist shareholder Elliott 2 Min Read FILE PHOTO: SAP CEO Bill McDermott speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. Fearing reputational risk, most asset managers steared clear of such nasty attacks. Traditionally a characteristic of US corporate M&A, shareholder activism has reached Europe. On April 1, 2017, Preet Bharara joined NYU School of Law as a distinguished scholar in residence after the conclusion of his tenure as United States attorney for the Southern District of New York, one of the longest for anyone holding that position. 4 million subscribers. review of shareholder activism h1 2019- Source: FactSet, press reports and public filings as of 6/30/2019. Shareholder activism is not going away - but it is evolving. Shareholder activism led by two prominent funds. Morgan and Centerview M&A Advisors. Supreme Court, affirming that controversies relating to proxies should be resolved in favour of facilitating shareholders' right to vote. Exploring Employee Activism: Why This Stakeholder Group Can No Longer Be Ignored Don’t underestimate this group’s power as a vocal force for transparency and change. Civil societies and other types of shareholder activist groups; Reasons for ESG. The Finance Commission of the French National Assembly has announced a report that will recommend reforms to French securities market regulations to address shareholder activism and market transparency. Activist investors have significantly raised their profiles in recent years. Notable deaths of 2019. An activist shareholder is a shareholder that uses an equity stake in a corporation to put pressure on its management. Join respected leaders of the corporate and investor community on June 6th to discuss the boardroom of the future, how they define the code of conduct between activists and boards, and what it takes to work constructively to influence management and address corporate governance. The event was created by Ken Squire, founder and principal of 13D Monitor, in 2010. While the volatile markets certainly impacted the 2018 year-end results for a number of activists, from our vantage point we see the record shareholder activist activity that occurred in 2018 continuing into this year not despite of but – in many cases – because of the market turbulence. According to Activist Insight, there were 237 activist campaigns launched in 2013, up from less than 30 in 2000. Classes of shares allow for distinct voting privileges, in. This guide does not cover the considerations applicable to non-UK companies. Tom Davies from the Kekst CNC New York office was interviewed at The Deal Corporate Governance 2019 Conference. Josh Black of Activist Insight and Bruce Goldfarb of Okapi Partners LLC will discuss the "State of the Market and Trends for the 2019 - 2020 Proxy Season. Stock Buybacks: Examining the Impact of Investing in Competing Firms, Shareholder Activism, and Short-Selling, Academy of Management Conference, 2019. By Kinney Recruiting. Shareholder Activism: Long vs. The Deal’s Rise of Shareholder Activism in APAC CJEB Annual Tokyo Conference 2019 ACCJ Japan Shareholder Forum Japan M&A Forum 2019 Musashino Institute for Global Affairs 2018; Jefferies Japan Corporate Governance and Activism Summit 2018. Trends in shareholder activism. EQ Annual Conference 2019 Join us for EQ's flagship event to network with peers, share expertise and gain insight from industry experts and dynamic speakers. The modus operandi of shareholder activism is to agitate for change, often involving campaigns to convince other shareholders to support proposals to change the. In 2019 the WAOML Annual Conference will move outside of Europe for the first time, to the historical city of Marrakech, Morocco. (NYSE: GHL), a leading independent investment bank, announced today the recruitment of four new Managing Directors, who will collectively expand its coverage of strategically important industry sectors, as well as enhance its focus on advising companies in regard to activist shareholders and. 30 Under 30 2019 Asia's Power Businesswomen In a manner vaguely reminiscent of the corporate raiders of the 1980s, a new generation of activist shareholders is on the rise. Eventbrite - The Deal presents Corporate Governance 2019: Exploring Shareholder Activism - Thursday, June 6, 2019 at JW Marriott Essex House New York, New York, NY. The video can be found at the following location below. Europe and in particular the UK were at the vanguard of this expansion in global shareholder activism: 27 campaigns in the UK in 2015 compared to 43 in 2016.   To be held in Amsterdam, the  birthplace of shareholder activism, it will be hosted by Eumedion at the Beurs Van Berlage  on 12 & 13 of February 2019. 4 Nov 2019 Swedish activist Greta Thunberg is not alone in asking the world for help so she can join 25,000 other delegates at the rescheduled United Nations COP25 climate conference in Spain. Since 2012, Activist Insight has provided its diverse range of clients with the most comprehensive information on shareholder activism worldwide. 9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. Shareholder activism is a way that shareholders can influence a corporation's behavior by exercising their rights as partial owners. This year, the Tulane Conference brought together an incredible 800+ of the country’s top M&A practitioners, including attorneys, bankers, proxy solicitors and other professionals, and a healthy contingent of M&A reporters as well. Teen climate activist Greta Thunberg had planned to speak at the conference, once again chiding world leaders to act with more urgency. Sat, Apr 25, 2015, 12:00 pm. Activism is nothing else but a shareholder taking a minority position in a listed company and trying to exercise influence on management to increase the share price. Morgan Lewis partner and shareholder activism defense practice leader Keith E. GlobeNewswire - Steven Balet, Managing Director and activism specialist in the Strategic Communications segment at FTI Consulting, noted, "Recent examples of institutions and activists working together include Relational and. Now in its fourth year, the conference brings together professionals in a panel setting to discuss topics that are shaping the investment world. Weingarten commented, "We are excited to present our 10th annual conference focused on shareholder activism. CLEVELAND, July 31, 2019 /PRNewswire/ -- KeyCorp (NYSE: KEY) will announce third quarter 2019 earnings on Thursday, October 17, 2019, before the market opens. Shareholder activism should encourage boards to step up their investor engagement oversight efforts, and be open to not only listening to shareholders, but also to collecting input from them. A structured guide to shareholder activism & engagement in the Netherlands in Dutch law by June 2019, sets out rules on - inter alia - say on pay, identification of shareholders, transmission. We round out our discussion with some practical guidance for both issuers and activists as they prepare for the 2020 proxy season. Travis Laster ’95 February 1, 2019 J. Shareholder activists may target pot stocks next By Kristine Owram Bloomberg Tues. 30 Under 30 2019 Asia's Power Businesswomen In a manner vaguely reminiscent of the corporate raiders of the 1980s, a new generation of activist shareholders is on the rise. the role of media in shareholder activism events during the years 2002-2014. Activism is nothing else but a shareholder taking a minority position in a listed company and trying to exercise influence on management to increase the share price. LIXIL's June 24, 2019 annual meeting saw significant votes from shareholders in favor of eight directors proposed by former chief executive Mr. This session reviews the state of the art in aggressive shareholder activist techniques and in effective corporate response. institution. As more types of funds make their voices heard in corporate boardrooms, companies of all sizes are being forced to prepare for the possibility of an activist approach. 7 percent, up from 19 percent in 2010. The 13D Activist Fund (DDDIX) is the first mutual fund to offer investors exposure to shareholder activism as its primary investment strategy. For this newsletter, we asked four experts to share their insights into how shareholder activism will impact dealmaking in 2019. This paper studies voting participation in a corporate context. -based companies via contested votes in Q3 YTD 2019, a recent Q3 YTD-low. A big event is going to be held, something you can probably call a milestone. Serving some of the most prolific activists, "occasional activists" and institutional investors in campaigns ranging from mega-caps to small-caps, we help clients see a situation from any angle and develop the right strategy for both the short term and the long term. Social shareholders have the potential to realize radical aims to the extent that they embody a new power structure power within global markets. Refereed Conference Presentations Goranova M, Ndofor H, Priem R, Hou W. Activists gained only 10 board seats at U. Soft Shareholder Activism, Review of Financial Studies, 32(7), 2775–2808, July 2019 6. By Sam Bagot on May 8, 2019 Posted in Shareholder Activism The modus operandi of shareholder activism is to agitate for change, often involving campaigns to convince other shareholders to support proposals to change the composition of the board and the company’s strategy. " At Pro-Fracking Conference, Trump Addresses Companies 'Whose Profits He Has Put Above the Health and Safety of the Planet' | Common Dreams News. “There absolutely will be’’ a rise in shareholder activism, Ford said in an interview at a cannabis conference last week. Bull Market Charges Ahead, Led by Activist Shareholders. It is a 1 day event organised by Skytop Strategies and will conclude on 22-Oct-2019. The meeting, which was open to the public, was attended by many local police accountability activists—including those who held a press conference with a list of PPA contract reforms in September. Why ESG is the next big thing for shareholder engagement Investor activism is nothing new by any stretch of the imagination, having been personified by the siege antics of 1980s Wall Street caricatures. VIC: Shareholder activism in 2019 The volume and significance of activist campaigns in Australia continues to rise. It’s easy to forget that Melbourne, now regarded as a laid-back refuge for artists, intellectuals, and activists. Shareholder activism is a critical issue facing US real estate investment trusts (REIT) management teams and boards of directors. The Shareholder Services Association is a nationwide network of shareholder services industry professionals. com & DealLawyers. Shareholder Coordination in an Era of Investor Heterogeneity, International. Activists are looking to change leadership, corporate governance, capital structures and business practices, all in an effort to improve shareholder returns. We round out our discussion with some practical guidance for both issuers and activists as they prepare for the 2020 proxy season. Activist investor takes aim at athenahealth | Healthcare IT News. The theme is “Assessing the Market: From Bull to Bear. Wall Street's top activist investors are taking on an increasing prominence in Europe, with over $82 billion of capital now invested by shareholders publicly trying to force change in companies. 2,3 At least 12 companies faced shareholder proposals made by institutional investors in the June 2019 shareholder meeting season. CEO Australia, Maria Leftakis, and Chief Operating Officer, Christian Sealey presented in New York at The Deal Conference: The Rise of Shareholder Activism in Asia Pacific. That’s about on par with the. I should provide a longer introduction, but I am forced to be brief. Shareholder activism led by two prominent funds. Shareholder Activism and Engagement in Hong Kong 2019 Dear Clients and Friends, We are pleased to inform you that our Managing Partner Mr Sherman Yan and our Partner Mr Dominic Wai have contributed a chapter on shareholder activism and engagement in Hong Kong sharing some tips and practices on the Lexology Getting the Deal Through (GTDT) platform. Notes from the 2019 Ben Graham VI Annual Conference, which took place on Wednesday, June 19. A key trend to watch in 2019 is the blurring of the lines between traditional shareholder activism — where investors, typically hedge funds, take an ownership position in a public company and. A new kind of developer activism is emerging: “open source” licenses that restrict how the software can be used—i. General activist triumph is easier to capture: Studying shareholder activism in the U. VIC: Shareholder activism in 2019 The volume and significance of activist campaigns in Australia continues to rise. Law360 (February 12, 2019, 8:09 PM EST) -- Activist investors have never been shy about urging companies to consider M&A to. -based companies via contested votes in Q3 YTD 2019, a recent Q3 YTD-low. For 2019 and beyond, the directors have given up all non-cash compensation, in favor of cash. Posts about shareholder activism/engagement written by andytuit. shareholder proposal rights exercise in the June 2019 annual shareholder meetings out of 1896 companies surveyed, an increase of more than 25% from the 35 such companies in June 2018 out of 1899 companies surveyed. The number of companies publicly targeted hit record highs in the U. How should directors prepare for shareholder activism? That was the underlying question addressed by last week’s SVDX / Rock Center for Corporate Governance joint event – Shareholder Activism: The Good, the Bad or Just Ugly. The UK is seeing the rise of a different kind of shareholder mobilization: gender activism. "There absolutely will be" a rise in shareholder activism, Ford said in an interview at a cannabis conference last week. Boards therefore, must. For example, IR teams are balancing many challenges and focused on areas like Shareholder Activism, ESG and Targeting International Investors. And while activists used to fly mostly under the radar, many have now embraced new media platforms as a way to make their cases heard. Shareholder activism is not going away – but it is evolving. Yvan Allaire presented at the Annual Meeting of The Conference Board Governance Center. Attendees will explore the challenges and opportunities present in Asia Pacific and learn how to navigate the hurdles associated with exerting influence in the region. Shareholder activists are taking direct aim at companies – such as oil companies and gun manufacturers – by abusing rules that publicly traded companies must follow to promote a far-left agenda. Future research on these important questions will deepen our understanding of ESG-related shareholder activism and its potential to advance civil rights in the contemporary context. An activist shareholder is a shareholder that uses an equity stake in a corporation to put pressure on its management. On April 1, 2017, Preet Bharara joined NYU School of Law as a distinguished scholar in residence after the conclusion of his tenure as United States attorney for the Southern District of New York, one of the longest for anyone holding that position. A structured guide to shareholder activism & engagement in the USA It is not unusual for companies to plan tours and participate in industry conferences as a way to meet shareholders and. Police arrest more than 40 demonstrators who were blockading the entrance to an international mining conference in Melbourne, while two officers who were injured during an arrest are taken to. Weingarten commented, "We are excited to present our 10th annual conference focused on shareholder activism. Case study/assignment – Preparation for the AGM. Additional Options. Shareholder activism by hedge funds has taken hold in Germany in spite of large ownership concentration. Please reserve my place at the November 29th IIEF conference focusing on critical issues facing institutional investors and their advisors in the U. Activists made 40 public remuneration-related activist demands at U. Supreme Court, affirming that controversies relating to proxies should be resolved in favour of facilitating shareholders' right to vote. AT&T’s TV business took an enormous hit in Q3 2019, losing nearly 1. The Shareholder Services Association is a nationwide network of shareholder services industry professionals.