22
Jul
The Deal, a business unit of TheStreet (NASDAQ:TST), today released a digital handbook titled, "Corporate Governance In the Era of Activism," which defines a first-ever code of conduct for institutions and their boards on how to expand shareholder value before, during and after approaches by disgruntled activist shareholders.
According to FactSet, in the first five months of 2016 alone, activist investors launched 72 full-blown proxy contests to elect directors at targeted companies, and from 2009-2015, over 40 percent of companies in...