Why Activist Fund Voce Capital Is Pushing for Further Argo Board Changes

The video discusses leadership changes at Argo, including the CEO's retirement amid an SEC investigation. It highlights the lack of shareholder-nominated directors and the need for governance improvements. The market's reaction to these changes is explored, along with the role of activism in driving shareholder value. The video also examines the influence and criticisms of proxy advisory firms like Glass Lewis and ISS. Finally, it discusses the current state of activism, emphasizing the importance of long-term strategies over quick gains.

What role do proxy advisory firms play in corporate governance?

What criticisms have been made about shareholders in relation to proxy advisory firms?

What strategies are considered effective in the current activism environment?