Beyond the Checklist: Best Practices for Shareholder Activism Preparedness (Legal 500)

In his recent Legal 500 article, Goodwin partner Leonard Wood explains that (1) companies are always well-advised to prepare for shareholder activism before it arises; and (2) advice that has been commonly given to companies over the years remains sound in principle: assess the company’s susceptibility and vulnerabilities to an activist campaign; prepare a communications plan that sets out a protocol for the company’s response to a campaign and anticipates key communications and responses; take a fresh look at investor sentiment; and update governance documents to protect shareholder interests in the face of an activist campaign. However, failing to adhere to best practices in executing this playbook can leave companies with unexpected gaps and a false sense of security.

Read the full analysis: “Beyond the Checklist: Best Practices for Shareholder Activism Preparedness” (Legal 500)