The Shareholder Forum

supporting investor interests in long term enterprise value

 

Purpose & History of Services

The Shareholder Forum

The Shareholder Forum supports investor interests in corporate enterprise value with services that require independence – and that may benefit from the Forum’s network resources and recognition for advocacy of long term investor interests – to assure a definition of relevant issues and fair access to information that can be relied upon by both corporate and investor decision-makers.

The policies that provide a foundation for the Forum’s marketplace functions have been carefully developed and tested to allow any investor to participate in its communications, either anonymously or visibly, without acting in concert. Established originally to accommodate professional fund managers, this independent moderator function has proved to be consistently effective in managing orderly processes of issue definition for rational analysis by fiduciaries who are responsible for informed decisions.

Initiated in 1999 by the New York Society of Security Analysts with Gary Lutin as guest chairman to address the professional interests of its members, and independently supported by Mr. Lutin since 2001, Forum programs have achieved wide recognition for their effective definition of important issues and orderly exchange of the information and views needed to resolve them. The Forum's ability to convene all key decision-making constituencies and influence leaders has been applied to subjects ranging from corporate control contests to the establishment of consensus marketplace standards for fair disclosure, and has been relied upon by virtually every major U.S. fund manager and the many other investors who have participated in programs that addressed their interests.

Currently important applications of the Forum’s independent position include support of corporate managers with impartial review processes to provide the leadership expected of them in respectful responses to activist challenges, as well as support of shareholders to manage marketable investments in appraisal rights for realizing the intrinsic value of a company being bought by private equity investors.

Requests for Shareholder Forum consideration of support may be initiated confidentially by any investor or by the subject company, or by the professional advisors to either.

 

Public Programs

 

Company-Specific

Investor Decisions

Public Interest

Marketplace  Decisions

Walgreen Co.

program to define issues relating to

Stock Buyback Policies

 


 

Dell Inc.

special project of the public interest program for

Fair Investor Access

establishing support of

Appraisal Rights

for investor realization of intrinsic value

in a management buyout

♦♦♦

see also

Appraisal Rights Investments

for

Buyout Value Realization

The Forum is actively considering new projects addressing proposed buyouts in which both regulated fund managers and individual investors may benefit from marketable appraisal rights investments for realization of the company's long term intrinsic value. Investors are invited to initiate confidential inquiries about possible attention to companies in which they have an interest.

 

Fair Investor Access

a collaborative project with

The Conference Board

Task Force on Corporate/Investor Engagement

 

January 5, 2015 Forum Report

Conclusions of Program

for Fair Investor Access,

Responding to Activism

The report addresses opportunities activism creates for 

Ø 

long term investors to realize the intrinsic value of companies,

Ø 

corporate managers to demonstrate responsible leadership, and

Ø 

policy makers to clarify fiduciary responsibilities concerning corporate capital.

 

Observations are summarized in these sections:

Investing in enterprise value

Current conditions supporting professional activism

Confusion about responsibilities

 

See also

July 30, 2014 Forum Report

Supporting the Definition of Issues

to Be Considered by Investors

and

August 11, 2014 Forum Report

Corporate Responsibilities for

Issue Definition and Information Access

 


This program was initiated to address

corporate and investor communication interests

reported in the Forum’s 2010 “E-Meetings” program

that established consensus standards for

Electronic Participation in Shareholder Meetings

and in these reports of Forum surveys:

December 14, 2009

Investor Voting Criteria

for Compensation Issues

and

October 6, 2010

Investor Communication Priorities

for Voting Decisions

 


 

 

Archive of Publicly Open Programs

Since 1999

 

 

 

 

Inquiries, requests to be included in email distribution lists, and suggestions of new Forum subjects may be addressed to inquiry@shareholderforum.com.

Publicly open programs of the Shareholder Forum are conducted for free participation of all shareholders of a subject company and any fiduciaries or professionals concerned with their decisions, according to the Forum’s stated "Conditions of Participation." In all cases, each participant is expected to make independent use of information obtained through the Forum, and participation is considered private unless the party specifically authorizes identification.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.