To whom it may concern
First of all, let me congratulate you on a fantastic company. From its Elephant Foot Glacier to the Qorlortorsuaq waterfall, it is a monument to a pristine corporate vision, one we here at US&P LLC are very enthusiastic about. But we are even more enthusiastic about the opportunities an acquisition of your fine firm would provide for your existing stakeholders – local communities included, naturally – and our shareholders.
We ca...
Activism Archive
Shareholder activism in Canada is evolving and becoming more sophisticated. While down in terms of volume, it has ‘grown in prominence, scale and momentum,’ according to Laurel Hill’s fifth annual Trends in Corporate Governance report.
So far in 2019, 44 companies have been subject to activist demands in Canada, compared with 69 in all of last year.
‘When people think of activism, they generally think of board battles,’ says David Salmon, president ...
Shareholder activism hit record highs in Canada during 2018 and, while the activity has trailed off somewhat this year, speakers at the inaugural Corporate Secretary Think Tank – Canada cautioned that there is an increase in first-time activists.
In 2018 there were 78 activist campaigns in Canada, 57 of which had taken place by July, according to data from Activist Insight. In 2019, 28 companies had been targeted by July – marking a 40 percent year-on-y...
– A majority of investors think the US-China trade war is the ‘new normal’, according to a survey of global fund managers conducted by Bank of America Merrill Lynch, reports Marketwatch. The survey finds that 43 percent of respondents think there is no end in sight to the trade dispute, compared with 36 percent who think it will be resolved bef...
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The latest in Q4’s popular Breakfast Roundtable series was hosted with IR Magazine on top of London’s iconic Gherkin building. 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...
CEO pay at FTSE 100 companies has dropped to its lowest level since 2014, according to Deloitte’s annual FTSE 100 executive remuneration report.
The analysis of filings from the latest season of AGMs reveals median pay for a FTSE 100 chief executive stands at £3.4 mn ($4.1 mn), down from £4 mn in the same period the year before and the lowest level since 2014, when a reporting requirement to provide a single figure for total pay was introduced.
‘Since t...
An array of trends are revealed in financial advisory firm Lazard’s first-half 2019 Review of Shareholder Activism.
These include:
– Global shareholder campaign activity is in line with a multi-year pace
– An M&A thesis has developed
– Activists are driving significant board and management changes
– Activism outside the US has reached record highs.
On the first point, global campaign activity in the first half of 20...
Almost nine in 10 active managers (87 percent) say shareholder activism is a useful force in the market, according to a new study from SquareWell Partners.
The survey takes in the views of active asset managers with approximately $10.4 tn in assets under management.
Of the many goals set out by shareholder activists, board-related, gov...
Industry advisers say activist investing in Canada is very much still on the agenda despite a drop-off from last year’s mini boom, a new report finds.
A record 75 Canada-based companies faced public activist campaigns in 2018, according to Activist Insight Online research. That number is up sharply from the 56 subjected to public demands the year before though up more modestly from the total of 70 and 66 in 2015 and 2016, respectively. Similarly, there were a reco...
Worldwide, there has been a 15 percent drop in the number of companies publicly subjected to activist demands so far this year, according to Activist Insight data on campaigns to the end of May.
Even so, more than 500 companies globally have been publicly subjected to activist demands so far in 2019, ‘although that is down from 619 in 2018’s record-breaking start to the year,’ notes Activist Insight.
The decline in activism this year has actually pic...