Like almost every panel that has tackled shareholder activism, panelists at a recent seminar discussed the classic defensive maneuvers that companies have used for years. Any discussion of engaging with the shareholder centered on negotiating with them to avoid losing more seats than would happen in a contested election. Most companies, when initially confronted with a shareholder accumulating a large position, are suspicious of the shareholder and its motivations. But times have changed. Read the article here.