NEW YORK, July 19, 2016 /PRNewswire/ -- The Deal, a
business unit of TheStreet (NASDAQ:TST), today released a digital
handbook titled, "Corporate Governance In the Era of Activism,"
which defines a first-ever code of conduct for institutions and
their boards on how to expand shareholder value before, during and
after approaches by disgruntled activist shareholders.
According to FactSet, in the first five months of 2016 alone,
activist investors launched 72 full-blown proxy contests to elect
directors at targeted companies, and from 2009-2015, over 40
percent of companies in the S&P 500 (234 corporations) were
targeted by activists. Whether it's billionaire Carl Icahn, Jeff
Smith of Starboard Value, or newly emerging activist
investors including Par Capital and Altimeter Capital, there has
never been more focus on activist battles as the targets get bigger
and more is on the line.
Created and produced by TheStreet founder Jim Cramer, the book is the tangible result of
the groundbreaking conference on corporate governance, hosted by
The Deal and TheStreet on June 6,
2016 in New York City. The
event brought together respected leaders and experts within the
corporate and investor community to discuss the boardroom of the
future and how to work constructively to influence management and
address corporate governance. Thought leadership shared at the
event comprises this roadmap for navigating activist
encounters.
"Companies today operate in a new era of activism, where it's
not a matter of whether, but when disgruntled shareholders
will approach," said Jim Cramer,
founder of TheStreet. "This handbook arms management with an
unbiased code of conduct, developed from the words and advice of
experts from across the community, that will help them work with
activitsts and achieve an optimal outcome for shareholders."
The book delves into best practices from the front lines of
shareholder engagement, including topics such as transparency,
communications, compensation, performance and succession.
Copies of the digital book are available for sale at
www.TheDeal.com/corporate-governance-ebook/
About The Deal
The Deal is a media and technology company providing over
100,000 users with actionable ideas from its two services - The
Deal & BoardEx. Law firms, investment banks, private
equity firms and hedge funds use The Deal service to find their
next deal and BoardEx to connect the dots between their
organizations and clients. The Deal has offices in New
York, London, Washington, D.C., Petaluma,
CA and Chennai, India.
For more information, visit www.thedeal.com.
About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital
financial media company providing business and financial news,
investing ideas and analysis to personal and institutional
investors worldwide. The Company's portfolio of business and
personal finance brands includes: TheStreet, RealMoney, RealMoney
Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet
and RateWatch. To learn more,
visit www.thestreet.com. The Deal, the Company's
institutional business, provides intraday coverage of mergers and
acquisitions and all other changes in corporate control. To
learn more, visit www.thedeal.com.
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SOURCE TheStreet