An Activist on the Doorstep: An Activist on the Board
Today’s activists and active shareholders have expanded far beyond a focus on underperforming companies. There is an evolving need for the boards of public companies to be aware of, and responsive to, their shareholders. Increasingly, shareholder value is no longer sufficient. Today’s shareholders are interested in governance, social and environmental trends as well as financial returns and want to know where the companies in which they are invested stand on these issues. Furthermore, they are interested in influencing these companies. What is the board supposed to do?
This program will cover what directors need to know, how they might go about it, when they should be engaging directly with their shareholders and what happens when a shareholder is not only on the doorstep but sitting in the Boardroom.
About Our Panel:
Matthew W. Patsky, CFA
Matthew Patsky is CEO of Trillium Asset Management and a portfolio manager, leading it's Sustainable Opportunities strategy. He joined Trillium 2009, and has three decades of experience in investment research and investment management. Matt began his career at Lehman Brothers in 1984 as a technology analyst. In 1989, while covering emerging growth companies for Lehman, he began to incorporate environmental, social and governance factors into his research, becoming the first sell side analyst in the United States to publish on the topic of socially responsible investing in 1994. As Director of Equity Research for Adams, Harkness & Hill, he built that firm’s research capabilities in socially and environmentally responsible areas such as renewable energy, resource optimization, and organic and natural products. Prior to joining Trillium, Matt was at Winslow Management Company in Boston, where he served as director of research, chairman of the investment committee and portfolio manager for the Green Solutions Strategy and the Winslow Green Solutions Fund. Matt currently serves on the board of Environmental League of Massachusetts, Shared Interest, and Pro Mujer. He recently served on the board of US SIF and Root Capital. Matt is a member of the Social Venture Network (SVN). He is a Chartered Financial Analyst. Matt holds a Bachelor of Science in Economics from Rensselaer Polytechnic Institute
Adriana (Andi) Karaboutis
Adriana (Andi) Karaboutis is is currently on the board of directors of Advance Auto Parts and Blue Cross Blue Shield of Massachusetts. She also serves on the Babson College advisory board for the Center for Women’s Entrepreneurial Leadership (CWEL). Andi is the former executive vice president, Technology, Business Solutions and Corporate Affairs at Biogen. She oversaw information technology, digital health and data sciences, global public affairs, government affairs, public policy and patient advocacy. Andi's teams were responsible for unlocking new insights from commercial, clinical and scientific data and leveraging those insights to effectively communicate Biogen's corporate value proposition to all relevant audiences. She brought innovative solutions to inform the drug discovery process and drive proactive engagement with internal and external stakeholders to support Biogen's business goals.
Prior to joining Biogen in 2014, Ms. Karaboutis was Vice President and Global Chief Information Officer (CIO) of Dell, Inc. In this role, she was responsible for leading an efficient and innovative global IT organization focused on powering Dell as an end-to-end technology solutions provider. Ms. Karaboutis spent more than 20 years at General Motors and Ford Motor Company in various international leadership positions including computer-integrated manufacturing, supply chain operations and information technology. During this time, she successfully moved between operational and IT roles. Ms. Karaboutis received a Bachelor of Science Degree in Computer Science from Wayne State University in Detroit, Michigan where she was a Merit Scholar.
Keith E. Gottfried
Keith E. Gottfried, a Partner at Morgan Lewis & Bockius LLP, focuses his practice on advising public companies across the United States on activist defense matters. As the head of the firm’s market-leading shareholder activism defense practice, Keith counsels public companies—including boards of directors and special committees—with respect to preparing for and/or responding to high-profile proxy contests, special meeting demands, withhold and vote-no campaigns, shareholder proposals, and other activist shareholder campaigns, as well as contests for corporate control and negotiated and contested mergers and acquisitions (M&A) situations. Keith also advises public companies and their boards of directors on the latest techniques for making a company less vulnerable to activist shareholders, best practices for engaging with shareholders, strategic communications, corporate governance issues, board composition enhancement programs, and board advisory matters. Because activist campaigns closely resemble political campaigns, Keith also brings to clients the political insight he gained as a US Senate–confirmed high-level White House appointee in the administration of President George W. Bush. Frequently quoted by the national business media on shareholder activism, Keith publishes and presents regularly on the strategies companies and boards of directors can apply to prepare for and respond to proxy contests and other shareholder activism campaigns. He is listed in Chambers USA: America’s Leading Lawyers for Business, which ranks him as a leading corporate/M&A lawyer in Washington, DC. Keith is a past member of the Business Software Alliance’s Board of Directors, the leading trade association representing the US software industry.
About our Moderator:
Ms. Willow B. Shire founded Orchard Consulting Group in 1994 and has specialized in leadership development and strategic problem solving. Prior to consulting, she spent 20 years in the computer industry and was featured on the cover of Fortune magazine for her work in business transformation. Ms. Shire was employed by Digital Equipment Corporation in various positions in the marketing and human resources departments. As Vice President and Officer for their Health Industries Business Unit, she managed a $1B global business dealing with pharmaceutical companies, regulators, insurers, and healthcare providers. She has been an Independent Director of The TJX Companies, Inc. since 1995 where she is a member of the Compensation Committee and chairs the Nominating/Corporate Governance Committee. She also served as an Independent Director of Vitesse Semiconductor Corp. from 2007 to 2009. Additionally, she has been involved with director education for several director organization including Board Leaders, Women Corporate Directors and the National Association for Corporate Directors. Ms. Shire holds a BS Degree from Boston University's School of Education and a Master's Degree from Harvard School of Education.
Location and Time
Embassy Suites Hotel
550 Winter Street
Waltham, MA 02451
Program Start: 7:30 AM - 9:00 AM
Registration Begins 30 minutes prior.