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Boards

Boards

Why activist shareholders travel in packs

Have you ever wondered why activist shareholders travel in packs? It’s because they are significantly less effective alone—just like any other minority on a board. Activists (often hedge funds) accumulate a position in a stock because they want to make…

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Boards

Insider trading – why is everyone shocked?

In theory the principle behind insider trading has not changed in 30 years – as evidenced by Hollywood’s first major attempt at telling the story in Wall Street in 1987. But in practice the process through which companies communicate, and…

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