The Alliance Trust vs Elliott battle should be a wake-up call for other IT boards, who may have become complacent about performance or taken shareholder support for granted, writes Katrina Lloyd.
Alliance Trust vs Elliott Advisors. The 127-year-old trust giant vs the US challenger. It was a war of words which enthralled the industry, but watchers were denied the final showdown as an agreement was reached just a day before the trust's crucial AGM. When activists attack: Winners & losers from six investment spats Sensing it was losing the battle for shareholder support, Alliance Trust agreed to appoint two of activist investor Elliott's proposed three new non-execs to the board. It will not appoint Elliott's third proposed candidate but will continue its own search for an ...
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