With the recent increase in shareholder
activism, companies are increasingly
considering roles for lead directors in
communicating with shareholders. Although
management remains principally responsible
for investor relations, having a lead director
who can assist in certain types of commu-
nications may add a useful voice. Since
independent directors often are viewed as
carrying the flag for shareholders, in some
instances it may be natural for lead directors
to communicate directly with shareholders,
particularly activist hedge fund or institutional
shareholders who are voicing concern about
company strategy or management perfor-
mance. Lead directors can also play a key
role in communicating with shareholders...
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IBM Director Hardware and Software Support Guide Version 5.20
IBM Director Hardware and Software Support Guide Version 5.20
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