‘Shareholders and directors need to better understand the significant boardroom transformations that occur when activist investors target companies.’
Patrick McGurn, ISS
Board picks in contested scenarios are less diverse, study finds
Aug 30, 2017
Between 2011 and 2015, just 8.4 percent of nominees put forward by both activists and targeted boards were female
Shareholder activists’ director picks to join company boards are on average whiter, younger and more likely to be male than their counterparts across the S&P 1500 – and so are the counter-nominees put forward by companies, according to a new study.