Chris Cernich, Michael Anderson, Scott Fenn, Shirley Westcott – Monday, May 25, 2009
The Investor Responsibility Research Center Institute and PROXY Governance Inc. have released the first-ever comprehensive analysis of the impact of insurgent shareowners winning some but not all board seats at a company. The new study, “Effectiveness of Hybrid Boards,” analyzes 120 “hybrid boards” formed from 2005 through 2008 to evaluate their effectiveness in two areas: changes in business strategy and corporate governance structures; and changes in shareholder value measured both absolutely and relative to peers.