On May 19, in Pell v. Kill, C.A. No. 12251-VCL, the Delaware Court of Chancery preliminarily enjoined certain directors of Cogentix Medical Inc. from completing a board reduction plan, under which ...
Forbes contributors publish independent expert analyses and insights. I provide insights on shareholder activism and corporate governance. In most situations, an activist firm seeks to effect change ...
Shareholder activism has become the “new normal” for public companies, and boards increasingly choose to settle with activists quickly, often within weeks. There are, of course, good reasons to settle ...
We live in polarising times. The current political and cultural environment is arguably the most heated and controversial in decades. One of the most prominent victims of our era: the truth. As Mark ...
Analysis of the first proxy season following the effectiveness of the SEC’s universal proxy rules reveals several important takeaways for company boards. Frank has a broad multidisciplinary practice ...
When it comes to proxy contests, the truth matters, and without an urgent overhaul of the current system, shareholders will continue to influence the outcome of corporate votes in underhanded ways ...
This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in number of ...