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Activist Hedge Funds Share Views On Role Of Board Director

The Conference Board's Governance Center released a report detailing the role and expectations of corporate directors from the perspective of activist hedge funds. Some who engaged with The Conference Board believe their directors should behave on boards "as if they owned the whole company." Hedge funds think the directors they appoint should treat the board directorship as if only the interests of the hedge fund were at play. This challenges the conventional notion that directors have a duty to act in the interest of all shareholders. In the report, Just What is the Corporate Director's Job?, the viewpoints featured are from a panel discussion...