Credibility Impeached in Successful Defense Against Activist Slate


An international utility operator engaged Forward Risk to mount a defense of an activist investor agitating for a complete refresh of the company’s board of directors.

Our Work

Our investigation of the activist’s entire candidate slate exposed disqualifying information for nearly every nominee. Disqualifications included failed business endeavors, a lack of demonstrable relevant experience, public criticism on environmental grounds, and various conflicts of interest.

Additionally, our research raised doubts concerning the independence of candidates vis-à-vis one another, given that several had shared prior professional experiences and were recycled from a previous agitation campaign by the same investor.


Armed with the above lines of defense, our client was able to discredit the slate proposed by the activist and elect its preferred candidates to the board.