NACD Board Leadership Conference NACD Chapter System

Shareholder Activism: Are You A Sitting Duck?

October 13, 2015
Philadelphia, PA



“A sea change is under way in the governance of America’s public companies. Today, we are witnessing a dramatic increase in attacks by activist investors demanding immediate improvement in shareholder returns. In the first six months of this year, activists have publicly confronted more than 200 American public companies, up substantially over previous years.” ~Wendell L. Willkie. Fortune Insider. August 31, 2015

 In light of this increased shareholder activism, coupled with heightened federal regulation, what should directors be anticipating and preparing for now – before the activists lock ‘n load?

Join us on October 13 and find out. Keith Gottfried and Dan Burch will bring their extraordinary experience to a discussion of what directors can do, including strategic shareholder engagement and communication, to stay out of the crosshairs of the activists in the first place. They will also provide fascinating case examples of what happens behind the scenes – with the Board, management, activists, institutional shareholders, and other stakeholders – once a campaign begins.

Location and Time


Top of the Tower
1717 Arch Street
Philadelphia, PA 19103

7:30 – 8:00 AM    Breakfast

8:00 – 9:00 AM    Program and Q&A

Speaker Spotlight


Keith Gottfried

Keith is a partner at the law firm of Morgan, Lewis & Bockius LLP and the leader of the firm’s shareholder activism defense practice. He counsels public companies—including boards of directors and special committees—in high-profile proxy contests, special meeting demands, consent solicitations, shareholder proposals, vote no campaigns and other contests for corporate control as well as the latest techniques for ameliorating a company’s vulnerabilities to activist shareholders. He also advises on and mergers and acquisitions (M&A), corporate governance, securities regulation, and NYSE and NASDAQ compliance issues. Over the past 20-plus years, Keith has counseled clients across a broad array of industries, including software, retail, financial services, energy, automobile parts, manufacturing, defense, motion picture production and distribution, health insurance and consumer products, in a range of activist shareholder campaigns. Frequently quoted by the national business media on shareholder activism, Keith publishes regularly on the strategies companies and boards of directors can apply to prepare for and respond to proxy contests and other activist shareholder campaigns.

Daniel H. Burch

Dan is responsible for developing and implementing strategies and campaigns for clients involved in proxy contests, tender offers, mergers, financial restructurings and other complex corporate transactions. With over 30 years of experience in the proxy/M&A industry, Dan has also served as Executive Vice President and Co-founder of the Proxy/M&A Group at Dewe Rogerson, Inc., the predecessor firm to MacKenzie Partners, and spent 14 years with D.F. King & Co., most recently as Senior Vice President, where he led the firm's efforts on some of the largest tender offers and proxy contests of the 1970's and 1980's. Dan is a member of NIRI and the Society of Corporate Secretaries and Governance Professionals.



1 NACD collaborative credit

Question about this Event?

Contact NACD Philadelphia Chapter P.O. Box 94, Gladwyne, PA, 19035 phone: 610-640-5454 fax: 610-640-7835 email: