The mass resignation of the SA Airways board members last week is a powerful example of board activism and is long overdue in corporate governance. Board activism is designed to bring about change. One resignation does not draw much attention, but bulk resignations can bring about awareness of a potential crisis and as a result can influence shareholder behaviour when dialogue has been fruitless. The mass resignation of the SA Airways board members last week is a powerful example of board activism and is long overdue in corporate governance. Board activism is designed to bring about change. One resignation does not draw much attention, but bulk resignations can bring about awareness of a potential crisis and as a result can influence shareholder behaviour when dialogue has been fruitless.Board activism, as opposed to shareholder activism, is a rare phenomenon because it usually takes place behind closed doors by means of documentation and is easily quashed by legitimate boar...
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