Investors Tell All (and Board Members are Listening)

panel of institutional investors

Three roads converged at once last week, each with a similar theme: Investors passed along their feedback to corporate boards, while directors reflected on how shareholder engagement and activism has affected board performance.

1. Investors Board Performance Review

Last Wednesday, Boardroom Resources filmed the third (and final) session of the 2016 Investors Board Performance Review. We partnered with PwC’s Governance Insights Center, Wilson Sonsini Goodrich & Rosati, and Equilar in this special series aimed at bridging the communication gap between board members, institutional investors, and proxy advisors. The panel:

  • Michelle Edkins, Managing Director & Global Head of Investor Stewardship at BlackRock
  • Greg Taxin, Managing Member at Spotlight Advisors, LLC.
  • Aeisha Mastagni, Corporate Governance Portfolio Manager at CalSTRS

In a room full of corporate directors, investors answered questions about board performance: What are boards doing well? Where can they improve? What should shareholder engagement look like? What lies ahead? The full panel will air next Wednesday, Oct. 19 (in our normal episode slot). Scroll down for a social media recap.

2. PwC’s Annual Corporate Directors Survey

PwC has released the 2016 insights from their Annual Corporate Directors Survey. We promise a deep dive into this report in the weeks ahead, including an upcoming episode with Managing Director Paul DeNicola to draw practicable insights for board members. In the meantime, you can access the survey results here.

3. Bloomberg: “Activists Seen by Board Members as Effective Investors”

Keep an eye out for our own Host TK Kerstetter and PwC’s Paula Loop quoted in Bloomberg’s latest coverage of board-investor relations. They dig into the PwC survey to assess how shareholder activism has affected board performance.

“Eighty percent of board members say that activism has compelled their companies to ‘more effectively evaluate strategy, execution and capital allocation.’ About the same number found that activists helped improve operations.”

Don’t miss the social media insights from our Investors Board Performance Review:

Catch the Highlights: Investors Board Performance Review

BlackRock, Vanguard, Trian Partners, and PwC

We hosted four sessions of our Investors Board Performance Review, where major investors, proxy advisors, and activists gathered to express their feedback on board performance.

What are boards doing well? Where can they improve? What expectations do they have for shareholder engagement?

Watch Highlights