Activists Seen by Corporate Board Members as Effective Investors
- PwC survey shows directors think activism is helping companies
- Boards raise concern about value of shareholder meetings
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Shareholder activists are winning kudos from an unexpected quarter: corporate directors.
Eighty percent of board members say that activism has compelled their companies to “more effectively evaluate strategy, execution and capital allocation,” according to a PricewaterhouseCoopers survey published Tuesday. About the same number found that activists helped improve operations. At the same time, almost 60 percent said those pushing for change are “too short-term focused.”