Seattle I Shareholder Activism: How Boards Can Prepare for the Inevitable
Shareholder activism is here to stay. It is no longer just a few corporate raiders who target vulnerablecorporations. No one is immune as the number of shareholders and funds that consider themselves activists has exploded. It is also no longer only about making money for the activist as more and more activists, encouraged by pension funds and other institutions push governance and social agendas. The panel for this program will be comprised of corporate officers/board members who have dealt with activists first hand as well as professionals who have helped navigate companies undergoing activist campaigns. The key to successfully dealing with an activist is preparation and this panel will give you concrete steps for your board to implement.
Location and Time
Washington Athletic Club - Lobby Lounge
1325 6th Ave
7:00 am - 7:30 am: Registration and Breakfast
7:30 am - 9:00 am: Program
Winnie LernerWinnie Lerner is a Managing Director and Head of The Glover Park Group’s New York City office. She is a communications professional with expertise advising publicly traded companies on capital markets issues that impact their reputations. Most recently, she was head of global communications for Ralph Lauren, where she oversaw a global team managing corporate and fashion public relations, employee and executive communications, public affairs and philanthropic communications. Prior to Ralph Lauren, she spent 16 years at The Abernathy MacGregor Group, a leading boutique corporate consultancy, where she was most recently Co-President of the firm. As Co-President, she was responsible for management and operational oversight of the firm, which consisted of approximately 80 professionals and four offices, as well as new business generation and ongoing client work. Her client work focused on providing financial public relations, crisis, shareholder activist, M&A and investor relations counsel to public companies across a wide range of industries, with a specialty in technology, media and telecommunications, consumer and retail. She helped to guide numerous Fortune 100 companies through complex situations, including changes to leadership, sensitive litigation, control contests, shareholder activism and governance, SEC investigations and regulatory issues. She has also worked with dozens of companies and institutions to develop strategies to communicate their long-term value proposition to relevant audiences. Clients have included HP, PepsiCo, Comcast, ABInBev, Walmart, UPS, Verizon, Sprint, Avon, Estee Lauder, United Airlines, WorldCom, NYNEX, Pacific Telecom, MCI, Bell Atlantic, US West, BellSouth, and CenturyLink among others.
Sarah TeslikSarah Teslik joined Joele Frank as Of Counsel in 2016. A leading expert in corporate governance and investor relations, Sarah is a frequent speaker on subjects related to governance, compliance, IR and management, and she has co-hosted issuer-shareholder roundtables that draw global audiences. Prior to joining Joele Frank, Sarah served as Senior Vice President Public Affairs, Communications & Governance at Apache Corporation, an S&P 500 company. Prior to Apache, she served as CEO of Certified Financial Planner Board of Standards, Inc. Previously, Sarah founded and served as Executive Director of the Council of Institutional Investors for almost two decades. Sarah has been published or profiled in a number of periodicals, including Harvard Business Review, Employee Benefits Quarterly, Worth, Directorship, Economie (French publication), Working Woman, The Washington Post, The American Lawyer, Corporate Control Alert, and Fortune. She is also the author of a widely read monthly investment and governance newsletter.
Sandy McDadeSandy McDade serves on the Board of Pope Resources (NASDAQ: POPE) and on the Board of Managers of Federal Way Asset Management, L.P., a Seattle-based investment advisory firm that manages over $3.5 Billion in assets. He was Senior Vice President and General Counsel of Weyerhaeuser Company from 2006 through July 2014. He served Weyerhaeuser in various additional roles over his 35 year career, including Senior Vice President for Industrial Wood Products and International Business; President, Weyerhaeuser Canada; Vice President, Strategic Planning; and Corporate Secretary and Assistant General Counsel. He also chairs the Board of ArtsFund in Seattle.
Andrew BorAndrew Bor, a partner in Perkins Coie’s Corporate practice, has over 35 years of experience providing counsel in the areas of corporate governance, securities regulation, corporate finance, mergers and acquisitions, divestitures and spin-offs. He also handles significant strategic assignments for a number of public companies, boards of directors and special committees, including advising on governance and oversight, relationships with activist shareholders, proxy contests, evaluating strategic alternatives and responding to acquisition proposals. Andrew works with leading public companies such as Blucora, Esterline Technologies, IDACORP, Itron, Outerwall, PACCAR, Puget Sound Energy and Weyerhaeuser, among others. Representing both issuers and underwriters, he has served as the lead attorney on over one hundred fifty public debt and equity offerings.