Activist Investing Today: Donahue Talks Vote-No Amid Activism

Sean Donahue, an activist defense adviser with expertise in nontraditional campaigns, delves into the intricacies of 'Vote No' strategies during uncontested elections. He highlights the impact of majority voting systems on board dynamics and the prevalence of 'zombie directors.' Donahue discusses how smaller investors can influence corporate governance through activism, as well as the challenges they face. He also examines procedural defenses companies employ against activists, emphasizing the balance needed between governance improvements and potential activist risks.