Andrew Shapiro

In this discussion, Andrew Shapiro, founder of Lawndale Capital Advisors, shares insights on shareholder activism and its impact on corporate governance. Marissa Andrada emphasizes the role of board culture in driving a company's success, using real-world examples. Odette Bolano and Lisa Grow dive into effective board-management relationships, stressing transparency and communication as keys to success. They also touch on the unique challenges in the electric utility sector, advocating for robust investor engagement and a proactive governance mindset.

Andrew Shapiro, a seasoned activist investor and founder of Lawndale Capital Advisors, shares insights from his 32-year journey in driving corporate change. He recounts pivotal moments, including a campaign that shaped his investment strategy and key successes like achieving tenfold returns. Shapiro delves into corporate governance, revealing how transparent investor communication can mitigate risks from activist actions. He also highlights the complexities of investor engagements, using the proxy fight between Elliott Management and Phillips 66 as a key example.