Shift in Shareholder Landscape Poses Challenges for Corporate Boards

A changing shareholder playing field has created challenges for corporate boards that prodded members to increase engagement. 'I think it's a really tough situation for boards and it's a tough situation for the index funds themselves,' Marc Trevino, partner at Sullivan & Cromwell, said in an interview with The Deal. Trevino added that index funds can further complicate the process for boards to engage with activist investors and shareholders.