Contrarian Corpus
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Callouts & quotes from 337+ activist slides

Every emphasised callout and every pulled quote, extracted slide-by-slide. Search by keyword, filter by slide type or by source.

Showing 181–240 of 337 matching "governance"
callout villain critique

"We believe both the Board and the Nominating and Corporate Governance Committee (“Nom & Gov” or the “Governance Committee”) have proved unwilling or incapable of addressing seemingly obvious interconnects."

Huntsman Corporation · HUN Starboard Value · p. 92
callout villain critique

"Vivendi has proven – beyond a shadow of a doubt – that its interests at TIM are not aligned with shareholders and that its contempt for good governance practices makes its candidates impossible to support"

Telecom Italia · TIT.MI Elliott Management · p. 10
quote ceo quote

"I was particularly annoyed about the shameless allegation that Ströer did not have any proper corporate governance and that the supervisory board was not independent. Intolerable effrontery! — Udo Müller"

Ströer SE & Co. KGaA · SAX Muddy Waters · p. 9
callout nominee bio

"Ms. Jamison's experience in handling financial and technical turnaround challenges together with her high level, strategic insight at the governance level, make her an excellent candidate for the Board."

Office Depot, Inc. · ODP Starboard Value · p. 59
callout villain critique

"Arconic's reactive governance changes - after we launched our proxy contest - serve as an admission of guilt, in our view, and we believe the current board will not necessarily follow through as needed"

Arconic Inc. · ARNC Elliott Management · p. 241
callout nominee bio

"Ms. Atkins would be a valuable addition to the Company's Board given her extensive executive leadership, corporate governance and operations experience in the transportation and technology industries."

callout demand list

"Our director candidates are committed to improving corporate governance and instilling a culture of trust and transparency between senior management and shareholders, by taking actions that include:"

Dye & Durham Limited · DND Engine Capital · p. 96
callout peer gap

"HMG has failed to make meaningful progress in governance standards which would be in keeping with its status as a leading global automotive brand and the HMG Restructuring Plan is a reminder of this"

Hyundai Motor Group Elliott Management · p. 19
callout villain critique

"Given her involvement in a prior breakdown of financial governance, her appointment as Limbach's audit chair raises questions about whether similar lapses in judgment or oversight could occur again."

Limbach Holdings, Inc. · LMB Spruce Point Capital · p. 14
callout demand list

"Elliott urges you to vote FOR our highly qualified board nominees with decades of experience in refining, midstream operations and corporate governance, and FOR the Annual Election Policy Proposal."

Phillips 66 · PSX Elliott Management · p. 7
callout demand list

"Elliott urges you to vote FOR our highly qualified board nominees with decades of experience in refining, midstream operations and corporate governance, and FOR the Annual Election Policy Proposal."

Phillips 66 · PSX Elliott Management · p. 12
callout demand list

"Elliott urges you to vote FOR our highly qualified board nominees with decades of experience in refining, midstream operations and corporate governance, and FOR the Annual Election Policy Proposal."

Phillips 66 · PSX Elliott Management · p. 12
callout demand list

"Elliott urges you to vote FOR our highly qualified board nominees with decades of experience in refining, midstream operations and corporate governance, and FOR the Annual Election Policy Proposal."

Phillips 66 · PSX Elliott Management · p. 35
quote ceo quote

"“All members of audit, compensation, and nominating/governance board committees should be independent” — BlackRock Investment Stewardship, Proxy voting guidelines for U.S. securities - January 2024"

BlackRock, Inc. · BLK Bluebell Capital · p. 29
quote ceo quote

"“All members of audit, compensation, and nominating/governance board committees should be independent” — BlackRock Investment Stewardship, Proxy voting guidelines for U.S. securities - January 2024"

BlackRock · BLK Bluebell Capital · p. 29
callout peer gap

"We believe WTRG trades at a rich multiple that makes little sense in relation to our evidence of financial reporting issues, poor governance, and its acquisition growth strategy facing challenges."

Essential Utilities, Inc. · WTRG Spruce Point Capital · p. 88
callout demand list

"The only viable explanation for this financing is a shameless and utterly transparent attempt to "buy the vote" and shows complete disregard for proper corporate governance and fiscal discipline."

Box, Inc. · BOX Starboard Value · p. 2
callout villain critique

"We consider the use of Ströer resources for the primary benefit of insiders to be improper, and we doubt there are many corporate governance experts in the world who would disagree with our view."

Ströer SE & Co. KGaA · SAX Muddy Waters · p. 21
callout ceo quote

"The Board cannot be trusted to right the ship given its historic disregard for sound governance and inability to address long-term underperformance or fix its culture that lacks accountability."

callout villain critique

"Trian is concerned that DuPont is spinning off Chemours to stockholders with a poor corporate governance structure – this “entrenchment” tactic could be a barrier to unlocking shareholder value"

callout villain critique

"Trian is concerned that DuPont is spinning off Chemours to stockholders with a poor corporate governance structure – this “entrenchment” tactic could be a barrier to unlocking shareholder value"

callout villain critique

"Trian is concerned that DuPont is spinning off Chemours to stockholders with a poor corporate governance structure – this “entrenchment” tactic could be a barrier to unlocking shareholder value"

callout villain critique

"Trian is concerned that DuPont is spinning off Chemours to stockholders with a poor corporate governance structure – this “entrenchment” tactic could be a barrier to unlocking shareholder value"

callout villain critique

"Trian is concerned that DuPont is spinning off Chemours to stockholders with a poor corporate governance structure – this “entrenchment” tactic could be a barrier to unlocking shareholder value"

callout villain critique

"CEO and Chairman Mark Lashier’s consolidation of power has harmed Phillips 66 (NYSE: PSX). Combining these two roles can weaken corporate oversight and goes against governance best practices."

Phillips 66 · PSX Elliott Management · p. 144
callout ceo quote

"I was particularly annoyed about the shameless allegation that Ströer did not have any proper corporate governance and that the supervisory board was not independent. Intolerable effrontery!"

Ströer SE & Co. KGaA · SAX Muddy Waters · p. 9
callout thesis headline

"If the Revised TOB succeeds... it would represent a major setback for corporate governance, minority shareholder rights and fair M&A in Japan – with a damaging impact on the Japanese market"

Toyota Industries Corporation · 6201 Elliott Management · p. 7
callout villain critique

"The proxy advisors highlight troubling governance practices at Phillips 66, including selective or misleading communications and a leadership structure that prevents proper Board oversight."

Phillips 66 · PSX Elliott Management · p. 20
quote villain critique

"“unlike actively managed funds, which can and do sell the stock of a company they perceive as having poor corporate governance, index funds are the ultimate long- term investors” — Mr. Fink"

BlackRock · BLK Bluebell Capital · p. 4
callout peer gap

"BlackRock proclaims itself as a defender of governance for the benefit of its clients, but does not concern itself with having below-average governance to the detriment of its shareholders"

BlackRock, Inc. · BLK Bluebell Capital · p. 12
callout precedent table

"Glass Lewis believes that the installation of an independent chair is almost always a positive step from a corporate governance perspective and promotes the best interests of shareholders."

BlackRock, Inc. · BLK Bluebell Capital · p. 79
callout peer gap

"BlackRock proclaims itself as a defender of governance for the benefit of its clients, but does not concern itself with having below-average governance to the detriment of its shareholders"

BlackRock · BLK Bluebell Capital · p. 12
callout precedent table

"Glass Lewis believes that the installation of an independent chair is almost always a positive step from a corporate governance perspective and promotes the best interests of shareholders."

BlackRock · BLK Bluebell Capital · p. 79
quote ceo quote

""Having a classified board is not an accountability issue for Alcoa. The company's corporate governance policies hold directors accountable to shareholders." — Alcoa's 2011 Proxy Statement"

Arconic Inc. · ARNC Elliott Management · p. 237
callout appendix disclosure

"The annual election of directors reflects standard best practice in corporate governance, as evidenced by the fact that it has been adopted by nearly 90% of the companies in the S&P 500."

Phillips 66 · PSX Elliott Management · p. 14
callout nominee bio

"Hobson's experience representing energy industry clients in complex transactions, along with her corporate governance expertise, would make her a valuable addition to the Phillips Board."

Phillips 66 · PSX Elliott Management · p. 83
callout demand list

"The annual election of directors reflects standard best practice in corporate governance, as evidenced by the fact that it has been adopted by nearly 90% of the companies in the S&P 500."

Phillips 66 · PSX Elliott Management · p. 37
callout villain critique

"Sir Magdi recognises he was the man for a time when clinical governance was less tight and ethical positions still fluid. Would his pioneering be possible today? Definitely not, he says."

TransMedics Group Inc · TMDX Scorpion Capital · p. 35
quote villain critique

"I have been disappointed by what I see as a breakdown of effective corporate governance at Phillips 66. — Energy veteran Greg Goff, former Andeavor CEO and Phillips 66 investor, 4/9/25"

Phillips 66 · PSX Elliott Management · p. 5
quote villain critique

"“be available to address shareholders’ concerns which have failed to be resolved by the chair, CEO or CFO or for which such contact is inappropriate” — BP Corporate Governance Document"

BP plc · BP Bluebell Capital · p. 1
callout villain critique

"At best, this reflects poor governance and controls at Carvana. At worst, the Company is attempting to hide the extent to which its high-margin F&I income is tied to related parties."

Carvana Co. · CVNA Spruce Point Capital · p. 57
callout demand list

"Upon attaining Board representation, Trian will look to work collaboratively with Disney's leadership to: FIX Corporate Governance, FIX Strategy & Operations, FIX Capital Allocation."

The Walt Disney Company · DIS Trian Partners · p. 2
quote villain critique

""The Board of Directors elected by the shareholders is responsible for the strategic direction and supervision of the company." — Swiss Code of Best Practice for Corporate Governance"

Nestlé S.A. · NESN Third Point · p. 16
callout villain critique

"We believe Autodesk must improve its compensation practices, address its flawed budgeting process, and move to best-in-class standards for operations, compensation, and governance"

Autodesk, Inc. · ADSK Starboard Value · p. 65
callout demand list

"With the Icahn nominees in the boardroom, the Board can improve McDonald's' governance, provide much-needed oversight and drive the Company's commitments to animal welfare forward"

callout villain critique

"We believe Autodesk must improve its compensation practices, address its flawed budgeting process, and move to best-in-class standards for operations, compensation, and governance"

Autodesk, Inc. · ADSK Starboard Value · p. 65
callout nominee bio

"Ms. Landry would be a valuable addition to the Board given her extensive corporate governance, compensation and finance experience in the transportation and logistics industries."

callout villain critique

"No company is perfect but taking corporate governance seriously, prioritizing your duty to shareholders and being able to spot corporate governance issues should be pretty basic."

eBay · EBAY Carl Icahn · p. 2
callout villain critique

"This transaction begs for more disclosure. It naturally raises questions of self-dealing, and exposes the inherent weaknesses in SGH’s corporate governance with Shah at the helm."

SMART Global Holdings, Inc. · SGH Wolfpack Research · p. 24
callout precedent table

"Starboard engaged with GCP to protect shareholders suffering from consistently poor operational execution, poor governance, lack of Board oversight, and lack of accountability."

Huntsman Corporation · HUN Starboard Value · p. 61
callout villain critique

"Allowing Mr. Lashier to consolidate control over the Company's governance has hindered our ability to work constructively with Phillips 66 to improve the Company's performance."

Phillips 66 · PSX Elliott Management · p. 5
callout villain critique

"Leading proxy governance firms have also raised serious concern about compensation practices at Motorola, during Mr. Stengel’s tenure as a member of its compensation committee."

AOL, Inc. · AOL Starboard Value · p. 87
callout villain critique

"A review of Bolloré's corporate governance practices demonstrates that unaffiliated shareholders must not support any slate put forward by Bolloré and his related companies"

Telecom Italia · TIT.MI Elliott Management · p. 26
callout peer gap

"As such, absent further value- and governance-enhancing measures from Sumitomo Realty, Elliott plans to vote against the reappointment of senior management at the 2025 AGM."

callout valuation reveal

"Given TFS is unlikely to be able to obtain finance due to its poor corporate governance, we believe it will not have sufficient capital to maintain plantations to maturity."

Quintis Limited · QIN Viceroy Research · p. 47
quote cover

"Based on my own informal survey, many fund managers have no idea of the breadth of tools available to them to improve corporate governance at their companies — Seth Fischer"

callout demand list

"Yahoo's potential has been diminished by failed management and governance at the highest levels (i.e., CEO and Chairman positions), but new opportunities await new leaders"

Yahoo! Inc. · YHOO Third Point · p. 13
callout peer gap

"Shareholders should not trust the management team or a Board that has overseen financial underperformance, poor capital allocation and unacceptable corporate governance."

quote peer gap

""laying the foundation for building a proper governance system that is in keeping with our status as a leading company" — Samsung Electronics' 2016 AGM proxy materials"