The Conference Board
Governance Center Blog
DEC
12
2014
By
Donna Dabney, Executive Director, Governance Center, The Conference Board
There is almost daily coverage of
activists investors in the media. And while several narratives have
taken hold, little has been done in the way of stepping back to look
at the aggregate impact that activism is having on our economy. As
Larry Fink of BlackRock noted at this week’s
DealBook Conference, “We need to start focusing on wages and
focusing on long term solutions instead of things like activism and
other things like that that destroy jobs.”
Recently, we have been asking what the
aggregate impact of the documented rise in activists interventions
this year has been. On November 14,
Dr. Yvan Allaire presented at the Annual Meeting of The
Conference Board Governance Center on his work on that question. His
talk was titled Do activist interventions create long term
shareholder value? Here is a video of Dr. Allaire’s full
remarks.
About the
Blogger:
|
Donna Dabney,
Executive Director, The Conference Board Governance Center |
|
Donna has extensive experience in corporate governance matters, having
served as a member of management for over 15 years on the boards of Alcoa
and Reynolds Metals Company. She is a recognized expert on governance
issues related to executive compensation. As part of her work with the
Alcoa Board of Directors, she has gained substantial experience with
sustainable development in the Amazon region of Brazil.Donna Dabney joined
The Conference Board as Executive Director, Governance Center, in August,
2012. In her current position, Donna leads The Conference Board’s efforts
in the area of Corporate Governance. Prior to joining The Conference
Board, Donna was Vice President, Corporate Secretary and Corporate
Governance Counsel of Alcoa Inc.
Donna is a
member of the New York Advisory Board of the Society of Corporate
Secretaries and Governance Professionals, the Stockholder Relations
Society of New York, and she is a member of the faculty of the Citadel
Directors Institute and of the Practicing Law Institute. |
