Activist Investors Set Their Sights On Shaking Up Boards
Change in the boardroom is the single biggest demand made by activist investors when they take a stake in a company, according to SquareWell's research. 13 January 2022
Robert Miller of The Times covers SquareWell’s latest research on how activists go big by targeting larger companies, globally. In a study of the 100 largest activist campaigns, conducted against 90 individual companies, SquareWell found that 64 percent primarily demanded a change to board composition, whether that be an activist gaining board seats or the removal of incumbent directors. The second biggest change demanded by activist investors related to M&A activity, such as blocking the sale of a company or pushing for the disposal of assets.
The full article can be accessed here (subscription required).