April 19, 2018
At Exxon Mobil’s annual shareholder meeting last year, for instance, Vanguard and BlackRock’s votes helped pass a shareholder resolution that the oil giant would regularly report the effects of climate change on its business—a blatant defiance of management’s recommendation. “That marked a turning point,” says Bruce Goldfarb, CEO of the proxy solicitation firm Okapi Partners. “The large index investors had mostly voted with management on environmental matters up until then.”
April 2, 2018
“Investors want to see proactive engagement. This includes the adoption of policies, rather than waiting for shareholders to request – either directly to the company or through shareholder proposals – that companies adopt them.”
February 27, 2018
Goldfarb says institutional investors will typically still engage directly with both sides before making a decision. “Investors evaluate the message from both sides, review the track record of the activist and its nominees, as well as the board’s nominees, frequently consider research from proxy voting advisors and sell side analysts and ultimately support the side that the investor believes will create value for its investment in the company,” Goldfarb writes.
February 15, 2018
“Whether we are working for a public company on its annual meeting, an M&A campaign or engagement outreach, or advising an activist investor, understanding a company’s constantly changing shareholder composition is integral to the success of any voting campaign,” [Goldfarb] says.
February 2, 2018
“Based on listening to the needs of many clients and advisers, we realized that it would be beneficial for Okapi Partners to provide stock surveillance in-house,” said Goldfarb. “With Okapi Market Intelligence Group, we can provide our clients access to what stock surveillance’s services can offer but also enhance it with the work that we do and our experiences with a company and its shareholders.”
January 2, 2018
For the second year running, Activist Insight has named Okapi Partners as the proxy solicitor that worked on the most activist campaigns. Here president and CEO Bruce Goldfarb shares his predictions for 2018.
December 7, 2017
Activist Insight named Okapi Partners the #1 proxy firm in their December 2017 issue. Read the excerpt here.
November 17, 2017
Bruce Goldfarb joined hosts Jeff Klein, Anne Greenhalgh, and Mike Useem for a wide-ranging interview on shareholder activism for their series “Leadership in Action,” powered by the Wharton School.
November 7, 2017
Bruce Goldfarb, chief executive of Okapi Partners, a firm that helps run proxy fights but was not involved in this one, said that Mr. Ackman’s reputation had taken a blow, but that if ADP performed well in the future, investors might give him some of the credit.
“The short term sting to Ackman’s reputation will be painful and may impact his next campaign,” he said. “Nevertheless, the true reputation of any activist is based on the change in value of the target selected and the impact on that value that can be attributed to the campaign.”