Andrew Freedman Quoted in Agenda News Discussing the Increased Willingness of Corporate Directors to Serve on Activist Investor Slates

Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman was quoted in Agenda News (subscription required) regarding the growing collaboration between corporate directors and activist investors, as evidenced by the recent agreement between Bill Holdings and longtime Olshan client Starboard Value. This shift gives activist investors greater opportunities to influence company strategy and advance their agendas through the appointment of experienced, independent directors. Directors are likely “stimulated by the opportunity to help a struggling company, while the company can benefit from the right mix of relevant expertise and experience that the activist slate brings to the table,” said Andy. “It’s no longer taboo to be associated with an activist investor,” he noted. “Activist investors have been improving the way underperforming companies are governed and overseen and, ultimately, helping to unlock their value. Seasoned directors have come to understand shareholder activism much better [over the] past decade.”