Australia Ranks 2nd Highest at Risk of Shareholder Activism
Australia’s boardrooms face one of world’s highest, and fast-growing, threats of shareholder activism according to FTI Consulting's 2017 Global Shareholder Activism Research.
The FTI Consulting research examines the nature and occurrence of shareholder activism campaigns and susceptibility to activism across 14 jurisdictions.
In 2016, 78 shareholder campaigns were activated in Australia. In the first half of 2017, 48 campaigns were started in Australia. If that level of activity continues through the second half of the year, the proportionate growth (19 percent) of shareholder activism in Australia will be on a par with the US (20 percent).
Additionally, not only is there more activism taking place in Australia’s corporate sector, companies here now also face the second highest risk of shareholder activism. Last year, Australia's risk level was ranked third behind the US and Canada.