Shareholder Activism

Activist campaigns, and particularly proxy contests, are inherently votes of no-confidence in a board and management team.

For most investors, the critical factor in corporate governance is whether a company’s independent directors are asking the right questions and making the right decisions in meetings shareholders will never be in. An activist is effective to the extent it can call that into doubt: it doesn’t have to have the answers, if it can convincingly demonstrate there is cause for concern.

We help boards and management teams make their case more effectively to shareholders and proxy advisors alike, and de-risk their support for the incumbent board.

Prior to an activist’s arrival, SGA can help by:
During an activist campaign, SGA can help by: