Activism Archive

Sep 20, 2019
Five trends all IROs need to consider for 2019 and beyond
Sponsored content 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...
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Aug 21, 2019
FTSE 100 CEO pay drops due to new reporting regime, reveals Deloitte
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...
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Jul 19, 2019
This year becomes year of improving the share price, reveals activist report
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...
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Jun 12, 2019
Canadian activism seen as ongoing despite slowdown
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...
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Jun 10, 2019
Shareholder activism down 15 percent globally so far this year
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...
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May 02, 2019
Surviving an activist and dealing with broken windows
When Vivendi rode into Ubisoft’s town in October 2015, the consensus view was that the latter was condemned, facing an opponent that was both financially strong and shrewd. Fast-forward to the present and the picture is very different: the activist raider has left town, leaving little more than ripples in the sand. ‘Here we are, stronger than ever, with amazing support from our employees and shareholders and an evolved shareholding structure that has met with ov...
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Apr 30, 2019
Shareholder activism down more than 40 percent in Canada
The number of Canadian firms publicly targeted by activist investors in the first quarter of 2019 is down 43 percent on the same period last year. Whereas Q1 2018 saw 32 firms come under attack by activists, data from Activist Insight shows that just 18 were the subject of a campaign in Q1 2019. ‘Activism has slowed in Canada this year, partly because mining stocks have rallied after last year’s bear market and begun to address their weakness through M&am...
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Apr 09, 2019
NIRI endorses Copland evidence given to Senate Committee
NIRI has revealed it supports some of the criticisms made by James Copland from the Washington-based conservative think tank the Manhattan Institute for Policy Research in his evidence to a Senate Committee last week.  Copland blamed an increased focus on ESG, regulations, special interest groups and proxy firms for having a ‘negativ...
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Apr 05, 2019
Think tank criticizes activist influence as having ‘negative’ impact on shareholder value
A leading New York policy wonk has criticized the shareholding and activist process in the US, with a particular condemnation of ESG issues and the influence of special interest groups, in testimony given to a Senate committee hearing this week. James Copland, director of legal policy at the New York-based conservative think tank the Manhattan Institute for Policy Research, listed a number of issues to the Senate Committee on Banking, Housing and Urban Affairs that ...
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