Preparing for a Daunting Proxy Season—Activist Issues Facing Management in 2010
Following on the heels of an economic period like none other in recent history, the upcoming proxy season will be anything but “routine.” Incentive plans, executive compensation, use of cash and board composition will be among the issues drawing heightened scrutiny. Regulatory changes will spawn more shareholder proposals from institutional investors and impact director elections. Activist hedge funds are expected to be even more aggressive and opportunistic as they look to restore their capital levels. The changes in broker voting rules will likely only further complicate matters.
On Wednesday, December 9, at 12:00 noon (ET), my colleague, Keith Mabee (vice chairman of Dix & Eaton), will lead a discussion of the various activist issues facing management this proxy season, with Martin Ellis, president and chief executive officer of Agilysys (Nasdaq: AGYS); Chris Hewitt, a Jones Day partner who advises public companies on corporate and securities law matters, and other issues; and Rachel Posner, senior managing director and general counsel of Georgeson, Inc., a world leader in proxy solicitation.
I hope you’ll plan to join us for this webinar - which is being powered by the good folks at Shareholder.com.
We’ll also be live tweeting from the event via @D_and_E. I’m sure the discussion will spur at least one blog posting here, if not three.
In the meantime, are there certain questions you’d like to be sure we have the panel address?
