Effective Board Responses to Activist Investors: Best Practices
The October forum will revisit the topic of Activist Investors, this time from the viewpoint of the CEO, the board of directors, and the institutional investors.
Topics to be discussed will include:
- The Decision/Need to Engage with such an Investor
- How to handle "engaging" with an activist
- Use of outside advisors - when useful and when not
- "Pre-Planning" to be ready - "just in case" or rather "when it happens"
- Business Model Changes
- Financial Engineering
- Board Compensation
- Governance Changes
Christina Maguire - Vice President, Proxy Voting & Governance Research: BNY Mellon
Christina Maguire oversees the policy, voting and operations functions for over $1.4 trillion in assets at over ten thousand issuers on behalf of the firm's clients. Previously, Ms. Maguire held the role of Director II, Fidelity Investments Investment Proxy Research for 15 years. Between Governance positions, Christina was engaged in capital gifts advancement for individuals and corporations at both Harvard College and her alma mater, the UMass Amherst where she holds a BA in Communications.
Alan S. McKim - Chairman and CEO: Clean Harbors
Alan S. McKim founded the Company in 1980 and has served as Chairman of the Board of Directors and Chief Executive Officer since its founding. He serves as a director of most of the Company's subsidiaries. Mr. McKim holds an MBA from Northeastern University's D'Amore - McKim School of Business. He now serves on Northeastern University's Board of Trustees, and he holds an honorary doctorate from the Massachusetts Maritime Academy. Mr. McKim is recognized as an industry leader, with over 30 years experience in the environmental services business, and is the largest individual shareholder of the Company.
Kim Williams - Director of MicroVest, Weyerhaeuser Co., Xcel Energy Inc. and The E. W. Scripps Company
Ms. Kim Williams is a retired Partner at Wellington Management Company LLP where she served as Senior Vice President and Associate Director of global industry research from 2001 to 2005. She was a Senior Vice President, Partner and Global Industry Analyst from 1995 to 2001 and Vice President and Global Industry Analyst from 1986 to 1995. She began her career and served as an Investment Analyst of the Imperial Chemical Industries Pension Fund in London. She served as a Vice President, Industry Analyst for Loomis, Sayles & Co., Inc. from 1982 to 1986. She worked at Sayles and Co., Inc. in Boston before joining Wellington in 1986. In her 26 years in the investment management business, Ms. Williams established strong credentials as a Financial Analyst with more than 20 years’ experience covering industries including paper and forest products, publishing, metal and mining, and home improvement. Institutional Investor Magazine repeatedly recognized her as a “Best of the Buy Side“ analyst. She serves as a Director of MicroVest, Weyerhaeuser Co., Xcel Energy Inc. and The E. W. Scripps Company. She is a Member of the Overseer Committee of Brigham and Women's Hospital in Boston, and a Trustee of Brookwood School, Manchester by the Sea. She holds a Masters in Economics from the University of London.
Professor Fred K. Foulkes - Director, Human Resources Policy Institute and Professor of Organizational Behavior Boston University Questrom School of Business
Professor Foulkes received the A.B. degree from Princeton University, and an M.B.A. and D.B.A. degrees from Harvard Business School. His principal publications include: Creating More Meaningful Work; Personnel Policies in Large Nonunion Companies; Human Resources Management: Cases and Text (with E.R. Livernash); Employee Benefits Handbook (editor and contributing author Warren, Gorham & Lamont); Strategic Human Resources Management: A Guide for Effective Practice; Human Resources Management: Readings and Executive Compensation: A Strategic Guide for the 1990s (Harvard Business School Press). Professor Foulkes has also written numerous articles, including five published in the Harvard Business Review, and has developed over 160 case studies. Professor Foulkes is the founder and director of the Human Resources Policy Institute, a partnership between Boston University's Questrom School of Business faculty and over 45 Chief HR Officers.
Professor Foulkes serves as a director of Panera Bread. He is also a member of the High Roads advisory council, and the NAHR Foundation Board. He is a former director of Appropriate Technology, Bright Horizons, Cambridge Medical and Dicon.
Location and Time
1 Seaport Lane
Boston, MA 02210
Program: 7:30 AM - 9:00 AM
Registration Begins 30 minutes prior.