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Weekly Digest: April 8-14, 2023
Interesting items from the week just ended.
- We link to items that interest activists, issuers, shareholders, and their advisors
- Linking does not imply endorsement or even agreement
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You can also see each item during the week in our Twitter feed: @activistinvestr
- We compile and send them in this email after the US markets close each Friday
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We welcome your suggestions for items: email or DM in Twitter
Universal Proxy Card
Website: universalproxycard.com
Webinar replay
Recent posts:
Update on Activism and Universal Proxy (our podcast interview with Boardroom Alpha)
Advice for BoDs about how to respond to UPC that would benefit from investor input (Directors & Boards)
Technical deep dive into UPC rules from Broadridge (Columbia Law School podcast)
Our Recent Posts
Events
News
Hard-hitting activist thesis document, from Carl Icahn to ILMN (Icahn Enterprises), with some early lessons (Insightia)
300+ asset owners, led by Ceres, launch coalition advocating for rights to set own investment policies (Freedom to Invest website)
New anti-ESG bills in Kansas and South Carolina (Chief Investment Officer)
AMZN shareholders vote on 18 precatory proposals (Reuters)
Analysis
Superb interview with T. Rowe Price corp gov exec Donna Anderson (The Deal podcast)
Reviews of 2023-Q1 activism
Detailed analysis of 2023 ESG and anti-ESG proposals, based on 2023 Proxy Preview (Cooley)
Review of investor voting policies in 2022 (Deloitte in Harvard Law School corp gov forum)
The dilemmas of pleasing all company stakeholders (Forbes), with advice for BoDs (PwC)
BoD advisors discuss how companies should think about recent activism (Goldman Sachs podcast)
Decent overview of blank-check preferred shares (Debevoise & Plimpton)
Retail investor voting patterns (ValueEdge Advisors)
Teen attends all the DIS ASMs (Wall Street Journal), with fun comments from TheCorporateCounsel.net blog
BoDs can now buy insurance against activists (Volante)
Opinion
Academic papers
The Social Costs (and Benefits) of Dual-Class Stock
Giant Asset Managers, the Big Three, and Index Investing
Controlling Shareholders and Sustainable Corporate Governance: The Role of Dual-Class Shares
Non-Human Stakeholders: Testing the Boundaries of Stakeholder Theory
Seven Gaping Holes in Our Knowledge of Corporate Governance
In Board We Trust
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