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Hedge Fund Activism | Corporations Working with Activist Hedge Funds

Richard C. Wilson (November 3rd, 2008) Writes:
Hedge Fund ActivismCorporations & Activist Hedge FundsThe Conference Board Working Group on Hedge Fund Activism has released its final recommendations for those corporations and institutional investors that may find themselves involved in an activism campaign mounted by hedge funds.The recommendations were formulated by a heterogeneous group of high-level corporate and investor representatives, instituted under the auspices of The Conference Board Governance Center. They include guidelines on monitoring securities holdings, responding to requests for change, ensuring voting integrity, and overseeing hedge fund management. Working Group members include:• Major pension funds and asset management firms, including TIAA-CREF, Florida State Board of Administration, and Barclays;• Corporations at the forefront of corporate governance developments, including Pfizer, American Express, and The Coca-Cola Company; and• Industry associations and service providers such as Managed Funds Association, the National Investor Relations Institute, ISS-RiskMetrics Group, Standard ...

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