Abstract
Recent years have seen an upsurge in shareholder activism, or the actions taken by shareholders to influence firm policies and practices. As boards of directors are responsible for fundamental decisions that affect change in a firm’s strategy, activist shareholders rely on board representation as the primary mechanism for promoting their vision in the firms they target. However, despite the prevalence of activist board representation, management research has thus far lagged behind in addressing theory regarding its implication for firms. This panel symposium aims to expand the theoretical conversation surrounding shareholder activism and boards to new and interesting areas, as well as to promote dialogue regarding how we may advance our understanding of this phenomena.
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