Just a few years ago, large institutional investors almost always voted in favor of management’s recommendations. Those times have changed. Institutional shareholders now have firm views on how companies and boards should operate with little hesitancy to withhold or vote against management. With these new developments, boards must become adept at reading investor trends and responding quickly.
In this episode, Phoebe Wood, Board Member with PP&L, Pioneer Natural Resources, Invesco Ltd. and Leggett & Platt, overviews best practices in shareholder monitoring and engagement.