M&A, Activism, and the Shareholder Landscape

Boards and General Management

Lead Director Network

On June 13, 2023, the Lead Director Network (LDN) met in New York City to discuss the current mergers-and-acquisitions (M&A) environment, as well as trends in investor activism and broader shareholder dynamics. Members were joined by Evercore’s Bill Anderson, Senior Managing Director and Head of Strategic M&A, Defense and Shareholder Advisory, and Zach Oleksiuk, Managing Director and Head of Shareholder Engagement, for this discussion.

The meeting also included off-the-record discussions on implications for directors related to the SEC’s activities on board oversight of risk, cyber, and environmental, social, and governance (ESG) with Elad Roisman, Partner at Cravath, Swaine & Moore LLP and former Commissioner and Acting Chair of the U.S. Securities and Exchange Commission, and a dinner discussion about national security issues with Jeh Johnson, Partner at Paul, Weiss and former U.S. Secretary of Homeland Security.