Surge in shareholder activism straining investors' resources
from Pensions & Investments
The proxy season has triggered a gold rush of activist institutional investors challenging companies. But this swell in corporate governance activity could strain investors' resources, especially related to executive pay issues and shareholder engagements. Shareholders have been bolstered by recent investment returns in companies in which activists have been involved, said Patrick McGurn, special counsel, Institutional Shareholder Services Inc., Rockville, Md.
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