Contrarian Corpus
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Callouts & quotes from 220+ activist slides

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

Showing 61–120 of 220 matching "governance"
callout other

"He indicated that the toxicity was alarming enough that GSK’s governance committee quickly and prematurely terminated the trial after an interim reading, even though it had only enrolled 30-35 patients out of 100 planned."

Harmony Biosciences Holdings · HRMY Scorpion Capital · p. 92
callout villain critique

"Phillips, rather than engaging on solutions to an arcane and disfavored governance structure, has responded with false and misleading claims that a non-binding proposal regarding a non-binding Board policy is illegal."

Phillips 66 · PSX Elliott Management · p. 65
callout villain critique

"Phillips, rather than engaging on solutions to an arcane and disfavored governance structure, has responded with false and misleading claims that a non-binding proposal regarding a non-binding Board policy is illegal."

Phillips 66 · PSX Elliott Management · p. 66
callout precedent table

"Marathon has excelled since it took bold actions to improve operations and governance, resulting in a ~150% relative share-price outperformance versus its peers Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO)."

Phillips 66 · PSX Elliott Management · p. 15
callout demand list

"Market skepticism focused on corporate governance has been a significant overhang on the company's stock. SCT should execute key governance changes to foster a culture of best-in-class capital allocation and growth"

Samsung C&T Corporation · 028260 KS Palliser Capital · p. 41
callout nominee bio

"Mr. Barber would be a valuable addition to the Board given his extensive executive leadership, corporate governance and strategy, audit and finance experience in the shipping, logistics and supply chain industries."

callout villain critique

"In contrast, our proposal at the BlackRock AGM is entirely based on the specific analysis of the lack of independent oversight, affecting in practice the malfunctioning of corporate governance within the company."

BlackRock, Inc. · BLK Bluebell Capital · p. 41
callout villain critique

"Phillips 66 is trapped in a cycle of underperformance originating from its weak corporate governance—which enables the continuance of a value-obscuring conglomerate structure that hinders operational execution."

Phillips 66 · PSX Elliott Management · p. 12
callout villain critique

"Phillips 66 is trapped in a cycle of underperformance originating from its weak corporate governance—which enables the continuance of a value-obscuring conglomerate structure that hinders operational execution."

Phillips 66 · PSX Elliott Management · p. 13
callout villain critique

"Shareholders should be asking whether a board truly interested in good governance would spend more time attacking practical ideas to achieving de-staggering than actually finding solutions to achieve this goal."

Phillips 66 · PSX Elliott Management · p. 16
callout other

"The invigoration of both investors and companies as a result of the Stewardship and Corporate Governance Code will make the Japanese market one of the best places in the world to be a long-term equity investor"

callout demand list

"Fixing Phillips 66's broken corporate governance and culture of hostility toward shareholders who advocate for needed changes is a critical element of setting it on a path to a dramatically higher stock price."

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

"DLO's choices on governance and operations seem less-than-ideal if the goal is to operate an efficient global payment processing business, capable of handling many billions of dollars per year in transactions."

DLocal Ltd. · DLO Muddy Waters · p. 33
callout nominee bio

"We have assembled a team of extremely talented restaurant operators, turnaround specialists, real estate experts, and corporate governance veterans who are ready, willing, and able to tackle each opportunity."

Darden Restaurants, Inc. · DRI Starboard Value · p. 17
callout villain critique

"Leadership cannot hide behind recent defensive maneuvers and the veil of improved governance. Elanco needs Board and management changes to ensure accountability and deliver a long-term, multi-year turnaround."

callout nominee bio

"We have assembled a team of extremely talented restaurant operators, turnaround specialists, real estate experts, and corporate governance veterans who are ready, willing, and able to tackle each opportunity."

Darden Restaurants, Inc. · DRI Starboard Value · p. 17
callout transition

"As Korea's preeminent business group, it is time for Samsung to lead the way on governance and capital allocation, and to help eliminate the "Korea Discount" to benefit Korean markets and society as a whole."

Samsung C&T Corporation · 028260 KS Palliser Capital · p. 35
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
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
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
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
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
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
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