Description

The Activist Investor Conference 2024 is dedicated to governance-related issues raised by finance professionals seeking to improve the fortunes of the companies in which they’ve invested.

The Activist Investor Conference 2024 covers topics such as:

Trending Legal Issues Facing Shareholder Activism
- Universal proxy and SEC rules
- Proxy solicitations and exemptions
- Advance notice bylaws
- Do universal proxies increase or decrease board accountability?
- How private placements can undercut an activist strategy
- Excise tax has chilling effect on promoting share buybacks
Value Investing: Another Way of Saying Activist Investing
- Pushing for the sale of underperforming divisions or split a company into separate business units
- Proposing operational cost reductions, strategies to increase revenue
- Demanding changes to the size and composition of a company`s board of directors
- Advocating capital allocation and structure, including share repurchases and changes to a company`s capital structure
Impact of corporate relations with shareholders on an activist campaign
- Communication strategies for keeping shareholders content
- Good relations with large shareholders build powerful allies
- Corporate transparency: activists cannot attack what is easily disproven
How the Lone Dissident can Prevail
- Strategies for overcoming resistance and making your case
- Challenges a lone dissident board member will face
- Transparency and communicating your intentions to add value
Identifying Targets, Planning Strategy for an Activist Campaign
- Industries that are more (or less) attractive as targets
- Importance of accumulating a significant stake quickly
- Importance of the company`s shareholder profile
- Vulnerabilities activists look for
- What`s the best approach? Control slates vs. short slates? Settlement vs. proxy contest?
- Timelines to consider when selecting a target
- Gauging the likelihood of negotiating a settlement
Shifting Activist Campaign Focuses
- "Woke" vs. "Anti-woke" agendas
- Pursuing change at ESG companies
- Targets more likely to implement counter-measures
- Large-cap companies no longer off-limits