Engaged Capital of Newport Beach, California, highlights the growing importance of board accountability and shareholder engagement
Engaged Capital is calling for greater focus on corporate governance across public companies, emphasizing the role of board accountability and transparency in long-term business performance.
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm%96 7:C> A@:?ED E@ 2 4=62C EC6?5 :? E96 >2C<6E] r@CA@C2E6 8@G6C?2?46 92D 364@>6 2 46?EC2= :DDF6 7@C :?G6DE@CD[ H:E9 @G6C g_T @7 :?DE:EFE:@?2= :?G6DE@CD 4:E:?8 8@G6C?2?46 BF2=:EJ 2D 2 <6J 724E@C :? :?G6DE>6?E 564:D:@?D] pE E96 D2>6 E:>6[ D92C69@=56C 24E:G:D> 4@?E:?F6D E@ C:D6[ H:E9 ?62C=J a__ 42>A2:8?D =2F?4965 8=@32==J :? a_ad[ >2?J 7@4FD65 @? 8@G6C?2?46 :>AC@G6>6?ED C2E96C E92? D9@CE\E6C> 7:?2?4:2= 492?86D]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmp44@C5:?8 E@ t?82865 r2A:E2=[ E96D6 56G6=@A>6?ED C67=64E 2 D9:7E :? 6IA64E2E:@?D] x?G6DE@CD 2C6 ?@ =@?86C D2E:D7:65 H:E9 =:>:E65 @G6CD:89E @C F?4=62C 564:D:@?\>2<:?8 AC@46DD6D] %96J 2C6 =@@<:?8 7@C 4@>A2?:6D E92E 56>@?DEC2E6 DEC@?8 8@G6C?2?46[ 4=62C 244@F?E23:=:EJ[ 2?5 5:D4:A=:?65 6I64FE:@?]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm“(6 4@?E:?F6 E@ D66 D:EF2E:@?D H96C6 8@G6C?2?46 DECF4EFC6D 2C6 >@C6 4@>A=6I E92? E96J ?665 E@ 36[” t?82865 r2A:E2= DE2E65] “x? @?6 42D6[ 2 4@>A2?J 925 >F=E:A=6 4@>>:EE66D C6G:6H:?8 E96 D2>6 DEC2E68:4 564:D:@?D[ H9:49 D=@H65 6I64FE:@? 2?5 4C62E65 4@?7FD:@?] ~?46 E9@D6 C6DA@?D:3:=:E:6D H6C6 DEC62>=:?65[ E96 3@2C5 H2D 23=6 E@ 24E >@C6 67764E:G6=J]”k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm%96 7:C> ?@E6D E92E 8@G6C?2?46 492==6?86D 2C6 @7E6? ?@E E96 C6DF=E @7 >2;@C 72:=FC6D[ 3FE C2E96C E96 244F>F=2E:@? @7 D>2== :?677:4:6?4:6D @G6C E:>6] ~G6C=2AA:?8 C6DA@?D:3:=:E:6D[ F?4=62C C6A@CE:?8 =:?6D[ 2?5 :?4@?D:DE6?E 4@>>F?:42E:@? 42? 2== H62<6? 2 4@>A2?J’D 23:=:EJ E@ A6C7@C>]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm“|2?J @7 E96D6 :DDF6D 2C6 G:D:3=6 3FE 8@ F?255C6DD65[” t?82865 r2A:E2= 6IA=2:?65] “(96? 3@2C5D E2<6 E96 E:>6 E@ C6G:6H 9@H 564:D:@?D 2C6 >256[ E96J @7E6? 7:?5 @AA@CEF?:E:6D E@ :>AC@G6 DA665 2?5 4=2C:EJ H:E9@FE >2;@C 5:DCFAE:@?]”k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmt?82865 r2A:E2= 6>A92D:K6D E92E DEC@?8 8@G6C?2?46 :D ?@E ;FDE 23@FE DECF4EFC6] xE 5:C64E=J 27764ED 9@H 4@>A2?:6D 2==@42E6 42A:E2=[ 6I64FE6 DEC2E68J[ 2?5 C6DA@?5 E@ >2C<6E 492?86D] #6D62C49 D9@HD E92E 4@>A2?:6D H:E9 DEC@?86C 8@G6C?2?46 AC24E:46D E6?5 E@ 92G6 >@C6 DE23=6 D92C69@=56C 32D6D 2?5 :>AC@G65 =@?8\E6C> A6C7@C>2?46]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm%96 7:C> 2=D@ 9:89=:89ED E96 C@=6 @7 4@>>F?:42E:@? :? 8@G6C?2?46] r=62C 2?5 4@?D:DE6?E >6DD28:?8 36EH66? =6256CD9:A[ 3@2C5D[ 2?5 D92C69@=56CD C65F46D F?46CE2:?EJ 2?5 3F:=5D ECFDE]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm“x?4@?D:DE6?E 4@>>F?:42E:@? :D @7E6? 2? 62C=J D:8?2= @7 566A6C :DDF6D[” t?82865 r2A:E2= ?@E65] “(6’G6 D66? 42D6D H96C6 =6256CD9:A E62>D AC6D6?E65 5:776C6?E G:6HD @7 E96 4@>A2?J’D DEC2E68J[ H9:49 4C62E65 4@?7FD:@? 3@E9 :?E6C?2==J 2?5 6IE6C?2==J] p=:8?:?8 E92E >6DD28:?8 >256 2 D:8?:7:42?E 5:776C6?46]”k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmt?82865 r2A:E2= 36=:6G6D E92E 4@>A2?:6D E92E AC:@C:E:K6 8@G6C?2?46 2C6 36EE6C 6BF:AA65 E@ 92?5=6 6G@=G:?8 >2C<6E 6IA64E2E:@?D] pD :?G6DE@CD 364@>6 >@C6 6?82865 2?5 :?7@C>65[ 8@G6C?2?46 :D :?4C62D:?8=J D66? 2D 2 4@>A6E:E:G6 25G2?E286 C2E96C E92? 2 4@>A=:2?46 C6BF:C6>6?E]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmk6>mr2== E@ p4E:@?ik^6>mk^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmt?82865 r2A:E2= 6?4@FC286D 3@E9 :?G6DE@CD 2?5 4@CA@C2E6 =6256CD E@ E2<6 2 >@C6 24E:G6 C@=6 :? DEC6?8E96?:?8 8@G6C?2?46 AC24E:46D]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmu@C :?G6DE@CD[ E9:D :?4=F56D A2J:?8 4=@D6C 2EE6?E:@? E@ 3@2C5 DECF4EFC6[ 564:D:@?\>2<:?8 AC@46DD6D[ 2?5 =6256CD9:A 2=:8?>6?E] &?56CDE2?5:?8 9@H 2 4@>A2?J @A6C2E6D 2E E96 8@G6C?2?46 =6G6= 42? AC@G:56 G2=F23=6 :?D:89E :?E@ :ED =@?8\E6C> A@E6?E:2=]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmu@C 4@>A2?:6D[ E96 7@4FD D9@F=5 36 @? C68F=2C=J C6G:6H:?8 8@G6C?2?46 7C2>6H@C<D[ D:>A=:7J:?8 @G6CD:89E DECF4EFC6D[ 2?5 6?DFC:?8 4=62C 244@F?E23:=:EJ 24C@DD =6256CD9:A E62>D]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQm$>2== 492?86D :? 8@G6C?2?46 42? =625 E@ >62?:?87F= :>AC@G6>6?ED :? A6C7@C>2?46 2?5 564:D:@?\>2<:?8]k^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmkDEC@?8mp3@FE t?82865 r2A:E2=k^DEC@?8mk^Am
kA DEJ=6lQE6IE\2=:8?i ;FDE:7JjQmt?82865 r2A:E2=[ {{r :D 2 D92C69@=56C\7@4FD65 :?G6DE>6?E 7:C> 7@F?565 :? a_`a] q2D65 :? }6HA@CE q6249[ r2=:7@C?:2[ H:E9 255:E:@?2= AC6D6?46 :? }6H *@C<[ E96 7:C> 7@4FD6D @? 4@?DECF4E:G6 D92C69@=56C 24E:G:D>] t?82865 r2A:E2= A2CE?6CD H:E9 AF3=:4 4@>A2?J >2?286>6?E E62>D 2?5 3@2C5D E@ DEC6?8E96? 8@G6C?2?46[ :>AC@G6 @A6C2E:@?D[ 2?5 4C62E6 =@?8\E6C> D92C69@=56C G2=F6] %96 7:C> :?G6DED AC:>2C:=J :? F?56CG2=F65 D>2==\ 2?5 >:5\42A AF3=:4 4@>A2?:6D 2?5 6>A92D:K6D 2 =@?8\E6C>[ @H?6CD9:A\5C:G6? 2AAC@249 E@ :?G6DE:?8]k^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i`gAI P:>A@CE2?EjQm|65:2 r@?E24Ek^DA2?mk^Am
kAmkDEC@?8mr@>A2?J }2>6ik^DEC@?8m t?82865 r2A:E2=[ {{rk^Am
kAmkDEC@?8mr@?E24E !6CD@?ik^DEC@?8m t?82865 r2A:E2=[ {{rk^Am
kAmkDEC@?8mt>2:=ik^DEC@?8mk^Am
k2 9C67lQ9EEAi^^HHH]F?:G6CD2=AC6DDC6=62D6]4@>^nACl6?82865\42A:E2=\25G@42E6D\7@C\DEC@?86C\4@CA@C2E6\8@G6C?2?46\:?\AF3=:4\4@>A2?:6DQm$6?5 t>2:=k^2m
kAmk^Am
kAmkDEC@?8mr:EJik^DEC@?8m }6HA@CE q6249k^Am
kAmkDEC@?8m$E2E6ik^DEC@?8m r2=:7@C?:2k^Am
kAmkDEC@?8mr@F?ECJik^DEC@?8m &?:E65 $E2E6Dk^Am
kAmkDEC@?8m(63D:E6ik^DEC@?8mk^Am
k2 9C67lQ9EEADi^^6?8286542A:E2=]4@>^Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^6?8286542A:E2=]4@>^k^2m
kAmk^Am
kAmk:>8 DC4lQ9EEADi^^HHH]86E?6HD]:?7@^AC6DD0DE2E]A9AnACl6?82865\42A:E2=\25G@42E6D\7@C\DEC@?86C\4@CA@C2E6\8@G6C?2?46\:?\AF3=:4\4@>A2?:6DQ 2=ElQQ H:5E9lQ`AIQ 96:89ElQ`AIQ ^mk^Am
kA DEJ=6lQ4@=F>?\DA2?i2==j >2C8:?i_ _ `aAIj 7@?E\D:K6i`gAIj 7@?E\H6:89Eie__jQm|65:2 82==6CJk^Am
k7:8FC6 DEJ=6lQ>2C8:?i_j A255:?8i_jQmk:>8 DC4lQ9EEADi^^5acgg7H=h`_K6h]4=@F57C@?E]?6E^^$%~#*0|tsxp^x|v\a_ae_b`a\(p___a];A8Q 2=ElQQ DEJ=6lQH:5E9i`__Tj 96:89Ei2FE@j 5:DA=2Ji3=@4<jQ ^mk^7:8FC6m
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.