Agenda of a shareholder activist

Strong signs of shareholder activism have come in the wake of the many corporate scandals in the United States and Europe over the past few years. Once treated by management as a minor annoyance, activist investors are now increasingly central in the push for corporate-governance reform. In the United Kingdom, the government has threatened to bring in legislation compelling big shareholders to take a more active role in bringing underperforming companies to task. Trade bodies representing fund managers have drawn up codes that require them to become more active, as have global bodies such as the International Corporate Governance Network (ICGN).

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