Gourt > Business > Investing > Socially Responsible > Shareholder Activism
An activist shareholder uses an equity stake in a corporation to put public pressure on its management. The goals of activist shareholders range from economic (increase of shareholder value through changes in corporate policy, financing structure, cost cutting, etc.) to non-economic (disinvestment from particular countries, adoption of environmentally friendly policies, etc.). The attraction of shareholder activism lies in its comparative cheapness; a fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking.
Shareholder activism can take any of several forms: proxy battles, publicity campaigns, litigation, even in the right circumstances more-or-less amiable negotiations with management.
For example, in September 2003, hedge fund manager Lawrence J. Goldstein created a new fund specifically for the purpose of using such activism to increase the value of targeted corporations' equity. The resulting entity is known as the Santa Monica Partners Opportunity Fund LP, *
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they call this, shareholder activism
ourfinancialus (Our Financial) Wed, 16 Dec 2009 09:06:49 -0000
they call this, shareholder activism
The Rising Tide of Shareholder Activism http://www.ali-aba.org/doc/frontmatter/TWRP05_fm.pdf
altmangroup (Altman Group) Tue, 15 Dec 2009 14:35:12 -0000
The Rising Tide of Shareholder Activism http://www.ali-aba.org/doc/frontmatter/TWRP05_fm.pdf
@lukefrombuzzle I reckon you're right. Strong shareholder activism is too rare in this country. #opportunity
trib (Stephen Collins) Wed, 09 Dec 2009 22:20:00 -0000
@lukefrombuzzle I reckon you're right. Strong shareholder activism is too rare in this country. #opportunity
increase shareholder activism amongst both institutional investors and individuals with small shareholdings.
TRANCONA (Amanda Royce) Wed, 09 Dec 2009 09:16:43 -0000
increase shareholder activism amongst both institutional investors and individuals with small shareholdings.
Advocacy and Public Policy Program - Clearinghouse of information, research, and analysis for the socially responsible investing community working on shareholder advocacy and activism campaigns.
Corporate Sunshine Working Group - Alliance of investors, environmental organizations, unions, and public interest groups working to enforce and expand SEC corporate social and environmental disclosure requirements. United States.
Institutional Shareholder Services - Provider of proxy voting and corporate governance services. Offers proxy research, voting recommendations and governance advisory services to financial institutions and corporations worldwide.
Meta Description: [ Institutional Shareholder Services provides proxy voting and corporate governance services to institutional investors. We advise on the cost and benefits of corporate governance to assist institutional investors in creating an effective corporate governance plan. ]
Interfaith Center on Corporate Responsibility - International coalition of faith-based institutional investors utilizing screening and shareholder activism campaigns to change unjust corporate policies.
PROXY Governance, Inc. - A provider of proxy voting and corporate governance services. Provides proxy research, voting recommendations and governance advisory services to financial institutions and corporations worldwide.
Meta Description: [ PROXY Governance, Inc. is a leading provider of proxy voting and corporate governance services. PROXY Governance, Inc. provides proxy research, voting recommendations and governance advisory services to financial institutions and corporations worldwide. ]
Proxy Information - Organization provides a source of information to shareholders considering the merits of corporate accountability shareholder resolutions on their company proxy statements. United States.
Meta Description: [ Proxyinformation.com provides reliable, factual information to shareholders on the merits of selected corporate
accountability shareholder resolutions to help shareholders reach their voting decisions. We strive to communicate complex social and environmental
issues to shareholders in a manne... ]
Robert AG Monks - A leading theorist on the relationships between investment, corporate governance and shareholder activism. Related books, letters, speeches.
| 2005 Shareholder Meeting Protest |
