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Build Boards That Outperform Activism

By Lilian Y. Zhou

07/15/2025

Board Composition Shareholder Engagement Member-Only

Use these considerations to bolster board composition and mitigate the risk of a proxy fight.

In 2024, activist investor Ancora Holdings Group launched a high-profile proxy fight against the railway giant Norfolk Southern Corp., seeking to replace several directors and oust CEO Alan Shaw. Ancora held less than 2 percent of the company’s stock. The activist campaign, which focused on ...

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Robert Peak

 

Lilian Y. Zhou chairs the audit committee and the capital stewardship committee of STAAR Surgical Co. She has more than two decades of experience in financial oversight, capital allocation, institutional investing, and corporate governance.