2015 Harvard Roundtable on Shareholder Engagement
Olshan Activist & Equity Investment Chair Steve Wolosky participated in the Harvard Roundtable on Shareholder Engagement.
The Roundtable sessions will focus on shareholder engagement with issuers. The Roundtable will begin with discussion of current debates on shareholder activism, including the debate on whether activism is beneficial for the long-term, and the debate on buybacks and distributions to shareholders. The Roundtable will then move to a discussion of engagements with respect to activist interventions, including engagement between issuers and investors (both activists and non-activist), and among investors. Depending on the interest of participants, specific issues that may be discussed include company defenses and legal reforms, such as poison pills, poison puts and changes to Section 13(d) rules; and special types of activism, such as mergers and acquisitions related activism, bidder-activist collaborations, and appraisal-focused activism. The Roundtable will then move to discussion of issuer engagement with investors in general. Depending on the interest of participants, issues that may be discussed include lessons from the 2015 proxy season, company adopted bylaws, universal ballots, shareholder proposals, and proxy access.