Joe Frumkin, Frank Aquila and Glen Schleyer Author Article on Shareholder Activism for Practical Law Journal

December 16, 2013
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In its December 2013/January 2014 issue, Practical Law Journal published an article written by Messrs. Frumkin, Aquila and Schleyer titled, “Shareholder Activism: Rethinking the Approach,” examining why companies may want to change their reactions to shareholder activist campaigns, and what steps boards and management should take to be ready to respond. The article covered recent developments that have changed the corporate governance environment, specifically the growing influence of shareholders on management, the impact of shareholder engagement on shareholder activism, the interplay between governance and activism, the changing role of proxy advisory firms and the increase of shareholder activism. Following this, the article explored how to prepare for an activist campaign, focusing on engagement and communication with shareholders.