Activist investors lead ‘quiet revolution’ in Italy
Activist investors spurred on by improving corporate governance and the weakening of traditional company owners, write Jennifer Thompson and Rachel Sanderson
Italy has emerged as a new battle ground for activist investors. They have been spurred on by improving corporate governance and the weakening of traditional company owners during Europe’s sovereign debt crisis.
Twelve Italian companies were on the receiving end of activist intervention — defined as a shareholder publicly agitating for an economic or governance-related change — last year, compared with four in 2013, according to figures from Activist Insight, a data provider.