As most public companies approach the start of Proxy Season 2017, investor voting policies and the hottest trends in corporate governance are important content that highlight issues companies will face at their annual meetings. Equally important are the practical considerations for how to navigate the proxy advisors, engage with investors, react to activists, and position boards for successful voting outcomes.
The landscape has changed in 2017. Most of the fundamental views in governance are out on...Read More.
General Raymond T. Odierno retired in 2015 as the 38th Chief of Staff of the Army. His four decades of military service included a command role in the Persian Gulf War and three deployments to the Iraq War. His troops captured Saddam Hussein in 2003 and his direction of the ‘surge’ in 2007-2008, led to increased protection for the population and a marked reduction in civilian casualties. In a Q&A-style interview, conducted by Teneo’s James...Read More.
Fear is a constant in our lives. At work, fear permeates the boardroom busy managing the latest crisis. This may involve a cyber breach that threatens customer data and a company’s valuable intellectual property, an activist investor challenging the company’s management, or a disgruntled employee set on causing irreparable reputational or physical harm. At home we may think twice about going to a movie theater, sporting event or concert for fear of the unknown. There...Read More.
The rise of populism that has swept through the United States and Europe over the last year threatens to disrupt long-standing institutions and individuals tasked to shape economic and social policy, presenting new and complex regulatory restraints. New pressure from far-right and far-left organizations, many of whom feel disenfranchised by larger trends of globalization and free migration, have caused the current political establishment to adopt certain policies, including increased infrastructure spending, low-interest rates, and tight...Read More.
After several years of unprecedented growth, both in the number of players and in assets under management, activists appear to be heading towards yet another down cycle. A number of factors are contributing to this, including some high-profile failures, an overall decline in performance, and most importantly, the beginnings of a fundamental shift in the relationship between corporations and their shareholders. However, to say that activism is going away any time soon would be naive....Read More.