Shareholder activism

Management booted out as Japan’s shareholders flex their muscles in AGMs

[TOKYO] Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are increasingly holding management to account and providing impetu...

 Palantir co-founder and CEO Alex Karp says that he agrees with progressives on most issues.
THE BROAD VIEW

Data is changing shareholder capitalism

Corporations should still strive to maximise investor returns, but in some cases, other values should take precedence

The offer comes more than a year after OCBC first made a privatisation bid for Great Eastern through a voluntary unconditional general offer at S$25.60 per share.

‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern

The independent financial adviser has deemed the deal to be ‘fair and reasonable’

After a long trading suspension, Great Eastern Holdings’ minorities now have certainty – the insurer will either be delisted with an exit offer of S$30.15 per share, or trading in its shares will resume.
MARK TO MARKET

GEH, OCBC’s proposals a victory of sorts for minorities who have held out, endured suspension

Exit offer is ‘fair and reasonable’ but less than what some GEH minorities believe their shares are worth; lifting of GEH’s trading suspension may only be a temporary reprieve

Both the New York Stock Exchange and Nasdaq now demand that a majority of directors are independent, and directors undergo professional training in business schools.

DEI may not survive. But shareholder activism will

The death of Robert Monks, the godfather of shareholder activism, reminds us how much it has reinvigorated the corporate world

A group of investors recently urged a review of Australia’s listing rules, arguing it’s unfair that companies can issue shares for acquisitions without shareholder approval.

Australian stock exchange operator to reassess M&A rules amid James Hardie backlash

THE Australian stock exchange operator ASX said on Sunday that it had initiated a process for its rules regarding shareholder approvals for mergers and acquisitions.

Minority investors want UOI to distribute the nearly 4.3 million Haw Par shares it holds.
HOCK LOCK SIEW

The real prize in minority investor action at UOI could well be Haw Par Corp

UOI’s high capital ratios and concentrated position in Haw Par shares are probably not an accident; UOB is itself a holder of 17.4 million such shares

A group of shareholders, representing around 2.8 million shares or 4.5% of UOI’s total shares, have proposed resolutions to be tabled at its upcoming AGM, according to a letter seen by The Business Times.

Minority shareholders request UOI to distribute Haw Par shares, unlock shareholder value

All shareholder requests and questions will be addressed at the insurer’s upcoming AGM, says UOI CEO

BP’s management team and board of directors have changed little since Looney’s era, potentially making it a target for Elliott.

BP faces pivotal moment as activist investor Elliott enters fray

The intervention comes after BP has stumbled through a series of missteps over the past 15 years

According to FT, Palliser Capital says Great Eastern’s board was “highly complacent” in recommending the offer.

UK activist investor Palliser takes protest against Great Eastern takeover to MAS, SGX

FT report cites Palliser criticising OCBC offer as ‘gravely unfair’ to shareholders