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Weekly Digest: April 27-May 3, 2024
Interesting items from the week just ended.
- We link to items that interest activists, shareholders, companies, and their advisors
- Linking does not imply endorsement or even agreement, only interesting or relevant
- You can also see each item during the week
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in our X feed (@activistinvestr)
- LinkedIn TAI page
- 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 us or DM in X or LinkedIn
Director Say-on-Pay
Recent Posts
Some recent interviews:
Events
News
United Mine Workers concludes novel proxy contest at HCC (news release)
SEC and NAM continue to appeal proxy advisor rules (Cooley), with comment from TheCorporateCounsel.net
Delaware Chancery Court dismisses suit on corporate purpose, with comment from TheCorporateCounsel.net blog and Bainbridge blog
Bluebell Capital continues to advocate for separate CEO and BoD Chair at BLK (letter to shareholders), with comment from TheCorporateCounsel.net
Companies seek sooner Form 13F filings (IR Magazine)
CEOs with $25m exec comp packages (Boardroom Alpha) and directors with low shareholder support on multiple BoDs (Boardroom Alpha)
New database of activist settlements (Diligent)
Closed-end fund activism at BlackRock funds (Bloomberg)
TSLA seeks shareholder approval of Musk pay plan and TX domicile
Analysis
Thoughtful assessment of Delaware's future as a domicile (Wilson Sonsini), with comment from law prof Ann Lipton (Business Law Prof Blog) and TheCorporateCounsel.net blog
Good corp gov adds alpha (AllianceBernstein)
Stewardship reports for 2023 from Legal & General IM Americas and T. Rowe Price
Activism in 2024-Q1 (Diligent)
Exec comp in 2023 (ISS)
How some R3000 companies make life hard for activists (Diligent in Harvard Law School corp gov forum)
This week's survey of executives and BoDs that would benefit from investor input (Protivity)
Nice interviews:
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Glenn Welling of Engaged Capital (Create More Value podcast)
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Bruce Goldfarb of Okapi (Governance Matters podcast)
What investors think about sustainability (Stanford Rock Center)
How investors tailor advice from proxy advisors (law prof Ann Lipton in Business Law Prof Blog)
Opinion
Directors need diverse experience, rather than deep expertise (LinkedIn)
Seven Questions about Proxy Advisors, with comment from Cooley
ESG proponents are religious zealots (RealClear Markets)
Academic papers
Of Chameleons and ESG
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