Heard at the forum: Five provocative things

December 2013
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Heard at the forum: Five provocative things

At a glance

In early December, institutional investors and governance specialists got together in New York City at Stanford’s Institutional Investors’ Forum, co-hosted by PwC’s Investor Resource Institute. What are the big issues on investors’ minds?

We talked about shareholder activism, M&A decision making, corporate capital allocation strategies, and other issues at the forefront of investors’ minds. The roundtable discussion included opinions, observations, and numerous points of view and often came back to five connected themes.

  1. Activist hedge funds are growing in size and influence
  2. During activist campaigns, target companies experience significant shareholder turnover
  3. The accumulation of corporate cash is a magnet for activism
  4. The debate over long- and short-term influences is getting even more complicated
  5. Prosecutors care about good corporate governance