The Impact of Shareholder Activism on Board Refreshment Trends at S&P 1500 Firms

The report examines hundreds of new directors who joined S&P 1500 company boards as a result of activist campaigns  over the study period from  2011 through 2014. Activist investors typically favored nominees with financial experience, while incumbent boards favored nominees with executive experience. In all, some 380 new board candidates were put forth during those four years as a result of activist efforts.